Actuate Corp. (ACTU)

Actuate Corporation provides software and services for business intelligence, performance management, and reporting applications. The company offers a range of business intelligence and reporting products that provide interactive Web reports, brochure-quality reporting, business analytics, and spreadsheet reporting. Its products and services are used in the development and deployment of Internet applications in a range of business functions, including financial management, sales management, account management, and customer self-service. The company also provides performance management solutions software and services comprising the Actuate Performancesoft Suite of products, which consist of Metrics Management that provides management visibility into measures of performance; Activity Management that helps management in the execution of day-to-day activities; and Root Cause Analysis, which enables user to make informed decisions to take action to address the problem at its root cause. In addition, it offers Actuate BIRT, which provides indemnification and supports the Actuate 10 Collaborative Reporting Architecture; and Actuate e.Spreadsheet products that are excel-based and deliver excel-like reporting, formatting, and calculation functionality within java applications. The company markets its software and services directly to corporate and government customers through its direct sales force, and through indirect channel partners, such as original equipment manufacturers, systems integrators, and resellers. It serves financial services, government, healthcare, manufacturing, pharmaceuticals, telecommunications, technology, utilities, automotive, education, entertainment, travel, and retail customers in North America, Europe, the Asia Pacific, and internationally. It has a strategic alliance with Red Hat Inc. Actuate Corporation was founded in 1993 and is headquartered in San Mateo, California.

For the six months ended 30 June 2006, Actuate Corporation's revenues increased 22% to $61.5M. Net income decreased 70% to $1.1M. Revenues reflect increased income from license fees and higher income from services. Net income also reflects decreased cost of license fees, the absence of restructuring charges and an increase in interest & other income due to a higher weighted interest rate on the investments.