Aug

29

Actuate Corporation

Filed Under Software & Programming 

I finally had time to sit down and write my first posting since my last one (July 19th). I was busy launching my new online business, and it really took a lot of my time since I had to deal with designers and customers.

Anyways, sorry to digress, let’s go back to the subject at hand. For the past 6 months, I’ve been adding a lot of stocks to my watch list and watching how they performed. Some have performed well than I had expected, others weren’t doing so well. One of them that has been doing so well is Actuate Corporation (Symbol: ACTU).

Actuate Corporation is a company that provides software and services for business intelligence, performance management, and reporting applications. Their products enable their clients to develop applications that optimize corporate performance. All of their applications are built on their open source-based platform, providing all stakeholders inside and outside the firewall, including employees, customers, partners, and citizens with information that they can access and understand to make decisions.

Above is their stock performance in the past 6 months. As you can see, they started somewhere around $5/share and finally made its way up to $6.94/share. Their net income also went up from $11.59 million (2005) to $13.80 million (2006). It’s a great little stock, inexpensive, and judging from their income statement, the company has been doing pretty well.

Quote of the Day:
The entire financial industry exists to sell product. If you don’t understand this basic maxim, you’ll be misled time after time. – Timothy Vick

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