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...'