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LinuxDevices: MontaVista Boasts Banner Year, Claims Embedded Linux Leadership

Feb 10, 2004, 22:00 (0 Talkback[s])


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"MontaVista Software ended its 2003 fiscal year with revenue growth of 77 percent over the previous year, it says, producing 500 design wins for the year and becoming cash-flow positive in the fourth quarter of 2003, ahead of plan. By the end of 2003, MontaVista Software had experienced 15 consecutive quarters of growth, and had increased revenue 12-fold since 2000, despite a challenging global economy, it says.

"As a privately held company, MontaVista is not obliged to make its financial numbers public. However, the company says it is 'comfortable' with numbers from analyst Steve Balacco, of research firm Venture Development Corp. (VDC), who estimates MontaVista Software revenues for 2002 at 'about $17.1 million.' If true, this places MontaVista's 2003 revenues at close to $30.3 million.

"'I told you so,' commented MontaVista Founder and CEO Jim Ready. 'After all the abuse we had to go through--from embedded people who thought Linux would never catch on, and also from Linux people who doubted us--and through a lot of hard work, it's abundantly clear that we've emerged as the leader in embedded Linux. We thank our customers...'

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