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Business Briefs: July 1, 2009


By SD Times News Team
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July 1, 2009 —  Compuware and Micro Focus have completed their agreement for Micro Focus to acquire the company’s Quality Solutions quality tools business for US$80 million. Compuware executives said the sale is part of a reorganization to put more focus on the company’s business application offerings and other core products. About 300 employees were transferred to Micro Focus as part of the deal.

Intel has signed a definitive agreement to acquire embedded software company Wind River Systems for approximately US$884 million. Intel executives said Wind River will help grow the company’s processor and software presence outside the PC and server markets, and into embedded systems. Wind River will become a wholly owned subsidiary of Intel. Wind River was founded in 1981, has more than 1,600 employees and is headquartered in Alameda, Calif.

EARNINGS
Dell reported a 63% drop in net income during its first quarter of fiscal year 2010. Net income dropped from US$784 million in the same quarter a year ago to $290 million in the first quarter of fiscal year 2010. Revenue decreased 23% from $16 billion in first quarter fiscal year 2009 to $12.3 billion on a year-over-year basis. Dell also said that operating expenses were down $101 million from the previous quarter and down $312 million from last year’s first quarter. Operating income was $414 million, down from $899 million in the same quarter a year before.

Mobile device software company Intrinsyc Software reported first-quarter 2009 revenue of US$4.4 million, as compared to $5.7 million in the fourth quarter of 2008 and $5.6 million in the first quarter of 2008. Revenue from software solutions was 40% of total revenues, including software licensing, maintenance/support and software-related services, as compared to 18% on a year-over-year basis. Additionally, the company appointed Tracy Rees as president and CEO. He had been serving as interim CEO since November 2008 and previously served as CEO of Windows design and integration services provider Annasoft Systems.

In its last earnings report prior to being acquired by Intel, Wind River Systems' fiscal first-quarter profit grew 21%, and the company reported earnings of US$561,000, compared with $462,000 in the same quarter a year before. Revenue fell to $82.5 million, a 6.1% drop on a year-over-year basis.




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