JC
Here is the press release text. The Lucent reference is the last statement before the required legalease.
another great quarter!
-z-
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Thursday May 21, 5:46 pm Eastern Time
Company Press Release
Wind River Reports First Quarter Revenues of $26.4 Million
Operating Profit Up 63% Over First Quarter of Previous Year
ALAMEDA, Calif.--(BUSINESS WIRE)--May 21, 1998--Wind River Systems, Inc. (NASDAQ:WIND - news), the leading provider of real-time operating systems,
integrated software development tools and engineering services for embedded applications, reported operating results for the first quarter of fiscal year 1999 ended April
30, 1998.
Total revenues for the first quarter were $26.4 million, a 43% increase from the $18.4 million in the same period of fiscal 1998. Operating profit of $6.3 million reflected
a 63% increase over the same period in fiscal 1998. Net income for the first quarter was $4.4 million, an increase of 50% compared to net income of $3.0 million for the
first quarter in the prior fiscal year. Net income per share for the first quarter was $0.16 per share on a diluted basis, an increase of 45% compared to net income per
share on a diluted basis of $0.11 in the same period in fiscal 1998.
''This quarter is the seventeenth in which Wind River has exceeded market expectations for both revenues and net earnings,'' said Ron Abelmann, president and chief
executive officer of Wind River. ''These results confirm the soundness of our strategy, both internally and in the face of competition, the strength of our execution, and
the health of our market,'' Abelmann continued.
Significant Events of the Quarter
Highlights of the quarter included further advances into the consumer electronics, digital imaging and global communications markets. At the JavaOne show in April,
Wind River introduced Tornado(TM) for PersonalJava, a subset of the company's successful Tornado for Java product. With this introduction, PersonalJava -- a Java
application environment targeted at consumer-oriented devices such as PDAs, Internet phones and hand-held terminals -- became available on a commercial real time
operating system for the first time. Wind River now has more than 50 customers using Tornado for Java; joining them this quarter was Audesi Technologies, which plans
to utilize Tornado's Java Virtual Machine support in developing future smart card and electronic cash solutions.
Also in April, Wind River announced Tornado for Digita, part of a platform for building intelligent digital cameras based on FlashPoint Technology's Digita(TM)
operating environment. Eastman Kodak, Minolta and Sharp have already adopted this new imaging platform for future products. Konica -- a leader in the digital imaging
and photographic markets -- this quarter continued its efforts to expand the reach of digital imaging by releasing a next-generation print controller for their digital
printer/copiers built on Wind River's software.
Communications giant Lucent Technologies this quarter selected Wind River as the embedded platform of choice for developing next-generation devices.
Wind River Systems, Inc.
Wind River Systems, Inc., an ISO 9001 registered company, is the leading provider of integrated software development tools for real-time embedded applications in the
Internet, telecommunications, data communications, office automation, networking, computer peripherals, medical, automotive, industrial, aerospace and multimedia
markets. Through the industry's most comprehensive product line and customer support, Wind River enables customers to develop and reuse application software across
a variety of products and platforms, shortening development cycles and improving time-to-market. Incorporated in 1983, Wind River is headquartered in Alameda, Calif.,
with representation worldwide. Wind River reported revenues of 92.4 million in fiscal year 1998, a 44% increase from fiscal year 1997.
Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties that could cause actual
results to differ materially from those contemplated herein, including but not limited to timely development, acceptance and pricing of new products, the impact of
competitive products and pricing, and other risk factors detailed in the company's periodic filings with the Securities and Exchange Commission. The Company
undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Note to Editors: Tornado, VxWorks, Wind River Systems and the Wind River Systems logo are trademarks or registered trademarks of Wind River Systems, Inc. All
other names mentioned are trademarks, registered trademarks or service marks of their respective companies. |
