Here's the Q2 press release:
(Nice call, Allen, $0.13 per share!)
Jim
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Wind River Reports Second Quarter Net Income Of $0.13 Per Share
On Revenues Of $15 Million; Quarter Revenues Up 49%
ALAMEDA, Calif.--(BUSINESS WIRE)--Aug. 21, 1996--Wind River Systems, Inc. (NASDAQ: WIND) the
leading developer of software tools for embedded and real-time applications, reported operating results for the second
quarter ended July 31, 1996.
Revenues for the second quarter were $15,000,000, an increase of 49% from the $10,100,000 reported in the second
quarter of the previous year. Net income for the quarter was $2,090,000 compared to net income of $1,207,000 for the
corresponding quarter of the previous year, an increase of 73%. Earnings per share grew from $0.08 in the second
quarter of last year to $0.13 this year, an increase of 63%. Weighted average shares outstanding, used in the
computation of earnings per share for the current and previous years, were 16,485,000 and 15,456,000, respectively.
Total revenues for the first half of fiscal 1997 of $27,600,000 represents a 47% increase from revenues of $18,800,000
in the first half of fiscal 1996. Net income for the first half of this fiscal year was $3,560,000 compared to $1,873,000 for
the same period last year, an increase of 90%.
"This strong second-quarter performance exceeded our plans for all geographic areas. Our growth in both revenues
and earnings continues to validate our focus on providing superior open architecture technology and the highest level
of customer support in our industry," commented Ronald A. Abelmann, president and CEO. "Our Tornado tool suite
introduced only nine months ago has been extremely well accepted by our traditional UNIX customer base and sales
to customers with Windows NT environments have well exceeded our goals."
Key design wins for the quarter included Net2Net Corporation for its CellBlaster Asynchronous Transfer Mode
(ATM) management and analysis system, Protocol Systems for future-generation medical monitoring equipment, and
FLIR Systems for infrared imaging systems. Net2Net saw Tornado as the ideal environment for remote debugging, a
primary requirement for developing and deploying their systems quickly.
Protocol Systems Inc., the exclusive supplier of patient monitoring systems to the 1996 Atlanta Summer Olympic
Games, selected the Windows version of Tornado for use in its future generation of monitoring instruments. Primary
advantages were Tornado's integrated toolset and use of the Tcl scripting language which will enable Protocol to
individually test each PowerPC-based unit. FLIR Systems is building a highly modular, configurable, infrared camera
system. Tornado's availability on Windows will give FLIR's programmers the increased productivity they need
without having to change their accustomed desktop development environment. Wind River Systems, Inc.
Wind River Systems, Inc. develops, markets and supports software for developing real-time embedded applications.
Its extensive WindPower product line enables customers to enjoy rapid time to market and standardize their designs
across products. Incorporated in 1983, Wind River is headquartered in Alameda, California, and has subsidiaries in the
United Kingdom, France, Germany, Italy and Japan, and representation worldwide.
Except for the historical information contained herein, this news release contains forward-looking statements that
involve risks and uncertainties, including but not limited to timely development, acceptance and pricing of new
products, the impact of competitive products and pricing, and other risks detailed in the Company's most recent SEC
Form 10-K. |
