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  • bimmertx bimmertx Feb 3, 2010 4:38 PM Flag

    750K using BIRT..., Pete Said On The CCall

    The upgrade a month ago is long gone.

    I am in the s/w business, but haven't been in the BI space for over 7 years so I don't hear much about BIRT.

    Actuate bought their revenues and EPS for next year, spent $28.5M for $15m of rev. and 4 cents of EPS. Probably a decent buy. Now they need to grow, but Birt isn't growing like they thought.

    EPS is growing because of the huge share buy back a year ago.

    I don't expect much revenue growth next year, but EPS up.

    Tried to get in at the mid 4.70's with a small position and missed out. Forward PE is only about 10. but these guys are crooks.

    Time will tell.