DSO vendor Wind River reported its Q4 and full-year financial results for fiscal 2006, which ended this past Jan. 31, and all the numbers are trending up nicely. Q4 net income hit $10.3 million on revenue of $70.2 million. For the full 12 months, net income came to $25.9 million on revenue of $266.3 million.
That means fourth-quarter net income rose by 65% from the year-earlier quarter, while Q4 revenue rose by 11%. For the full year, net income rose an impressive 118% over fiscal 2005, and revenue rose by 13%.
Wind River CFO Mike Zellner pointed out that the company's Q4 revenue mix did not meet expectations, the company's strength in subscriptions resulted in a sequential increase of more than $10 million in current deferred revenue.
Looking ahead, Wind River is projecting Q1:07 revenue of $65 million to $67 million. But full-year earnings per share were projected at just 38 cents to 43 cents per share, well below what stock analysts had been expecting.
That seems to have upset investors. Wind River's stock, after closing yesterday at $15.36, dipped 22%, to $12, today. (The stock's 52-week high was $17.68, and the year low was $11.04.)
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