Wind River Beats Forecasts

The company swings to a quarterly profit.
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SAN FRANCISCO -- Wind River Systems (WIND) moved into the black in its first quarter, beating the Street's earnings estimates, and raised full-year EPS guidance.

The Alameda, Calif. software developer reported revenue of $87.9 million, up 12.6% from $78 million for the first quarter of last year. Analysts were looking for a top line of $81 million.

The company posted a profit of $324,000, or break-even on a per-share basis, vs. a loss of $4.6 million, or 5 cents a share, one year ago.

Excluding special items, EPS was 9 cents. Analysts were expecting 2 cents a share.

The stock was up 74 cents, or 8.3%, to $9.70 in after-hours trading.

Deferred revenue grew 15% year over year to $145.2 million.

For the second quarter, the company projected revenue of $86 million to $88 million and EPS, less items, of 7 cents or 8 cents. Analysts were expecting revenue of $89.2 million and EPS of 10 cents.

For the full year, Wind River reaffirmed guidance for revenue ranging from $365 million to $375 million. And the company raised its EPS outlook to a range of 48 cents to 50 cents, from prior guidance for EPS, less items, of 43 cents to 46 cents. Analysts were expecting revenue of $368.6 million and EPS of 44 cents.

Wind River's Linux operating systems and middleware for multimedia devices and automotive systems compete with

Microsoft

(MSFT) - Get Report

. The company has numerous partnerships with semiconductor designers such as

Texas Instruments

(TXN) - Get Report

,

IBM

(IBM) - Get Report

and

Intel

(INTC) - Get Report

.