Software developer Wind River Systems has been getting some traction lately, as seen with the strength of its second-quarter results. On the news, the stock price rose 6% to $10.83. But the big issue is whether the company can sustain this growth.
In the second quarter, revenues increased 10% to $73.5 million; unfortunately, like many tech companies, Wind River is in the midst of a voluntary audit of its stock options program and as a result, provided only preliminary information on its bottom line. The good news is that the company expects to resolve matters soon and meet the deadline for the filing of its 10-Q form.
Founded in 1981, Wind River is a leader in the device software optimization (DSO) space. Think of DSO as an operating system for a cell phone, a car's infotainment system, or even NASA's Mars Rover. Over 300 million devices use Wind River's software, and customers include biggies like Apple, Hewlett-Packard, and Motorola.