Wind River Beats Estimates

Updated from May 31

Wind River's(WIND Quote) first-quarter loss more than doubled from a year ago, but the company beat analysts' expectations.

The Alameda, Calif.-based electronic-device-software maker said it lost $4.6 million, or 5 cents a share, compared to a loss of $2.1 million, or 2 cents a share, for the same quarter of the prior year.

Excluding items, Wind River earned $3.1 million, or 4 cents a share, beating analysts' estimate of 2 cents a share.

Revenue rose 20% to $78 million, above the expectations of analysts polled by Thomson First Call, who had predicted revenue of $70.9 million.

"The average deal size continues to increase," CEO Ken Klein said on a call with analysts. The company recorded an atypical 125 transactions above $100,000 in the quarter, with the number of design wins „Ÿ over 200 „Ÿ being up "substantially over the first quarter of last year."

Wind River said its deferred revenue increased 24% to $126 million.

For the second quarter, the company projected revenue of $77 million to $79 million, a loss of between 4 cents and 5 cents a share, and EPS of 3 cents to 4 cents, excluding items.

Analysts had been expecting $77 million in revenue for the second quarter and EPS, excluding items, of 8 cents.