Wind River Comments on Anticipated Year-End Results.ALAMEDA Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. , Calif.--(BUSINESS WIRE)--Jan. 22, 1999--Wind River Systems, Inc. (Nasdaq:WIND) today announced that, while it cannot be certain as to the results for its fourth quarter ending January 31, 1999, it presently estimates that it will record revenues for the quarter of between $37 million and $39 million, or $128 million to $130 million for the fiscal year 1999, which would constitute a year-over-year growth of 39% to 41%. If these revenues are achieved, they would yield earnings per share for the quarter of $0.27 to $0.30, and $0.89 to $0.92 for the fiscal year 1999, an annual increase of 37% to 42% (excluding the one-time charge in the fourth quarter of fiscal 1998). "While we cannot predict with any certainty whether our revenue will meet or exceed our expectations, we do anticipate another solid quarter of results and remain confident as to our prospects for fiscal 2000," commented Richard W. Kraber, vice president and CFO See Chief Financial Officer. . Wind River Systems, Inc., an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 registered company, is the leading provider of integrated software Separate software components or applications that have been combined into one package. See integrated software package. development tools for real-time embedded applications An application that permanently resides in an industrial or consumer device. Providing some type of control function and/or user interface, the software is typically stored in a non-volatile memory such as ROM or flash memory. in the Internet, telecommunications, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , 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. Wind River reported revenues of $92.4 million in fiscal year 1998, a 44% increase from fiscal 1997. Except for the historical information contained herein, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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