Exhibit 99.1

Actuate Reports First Quarter 2014 Financial Results

+ Recorded $1.2 million of subscription bookings in Q1;

+ Completed acquisition of legodo ag;

+ Maintenance renewal rate over 90%;

+ Over 3.5 Million BIRT developers worldwide.

SAN MATEO, Calif.--(BUSINESS WIRE)--May 1, 2014--Actuate Corporation (NASDAQ:BIRT), The BIRT Company™ and the leader in personalized analytics and insights, today announced financial results for the first quarter 2014:

First Quarter 2014 Financial and Operational Highlights:

• Total license revenue of $6.2 million;
• Total non-GAAP revenue of $24.3 million;
• Booked 59 transactions greater than $100,000;
• Non-GAAP operating loss of $713,000;
• Non-GAAP fully diluted EPS of $(0.01);
• Acquired German software firm legodo ag;
• Total cash and short-term investments of $64.5 million on March 31, 2014;
• Operating cash flow of $1.8 million;
• Repurchased $9.5 million worth of stock during the quarter.

“Actuate experienced a less than ideal first quarter in terms of license revenues,” said Pete Cittadini, President and CEO of Actuate. “The anticipated drop off in legacy iServer license business accounted for large part of the decline from a year ago along with several large transactions slipping out of the first quarter. We did see a second consecutive quarter of subscription bookings over $1 million with bookings coming across all business units, indicating customer preference for the subscription model. We will be accelerating our move to a subscription business in 2014 faster than originally planned, which we believe will allow Actuate to gain more projects from the over 3.5 million BIRT developers worldwide.”

Tweet this: #Actuate NASDAQ: $BIRT: Over 3.5 million BIRT developers worldwide; Accelerating move to subscription business.

Revenues as reported in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of 2014 were $24.1 million, compared with $34.9 million in the first quarter of 2013. License revenues for the first quarter of 2014 were $6.2 million, compared with $15.5 million in the first quarter of 2013. Service revenues for the quarter were $17.9 million, compared with $19.4 million reported in the same quarter last year.

It is important to note that the end of the first quarter of 2013 marked the end of the quarterly revenue stream associated with the Company’s June 2010 settlement agreement with Oracle. The terms of the agreement called for equal cash payments of $1.3 million by Oracle to Actuate over twelve consecutive quarters ending March 31, 2013. Accordingly, Actuate has recognized $1.3 million of associated revenues in the first quarter of 2013.

GAAP operating loss was $4.5 million for the first quarter of 2014, compared with operating income of $2.8 million in the first quarter of 2013. GAAP net loss for the first quarter of 2014 was $3.4 million, or $(0.07) per diluted share, compared with net income of $3.0 million, or $0.06 per diluted share, in the first quarter of 2013.

Non-GAAP net loss for the first quarter of 2014 was $470,000, or $(0.01) per diluted share, compared with non-GAAP net income of $4.2 million, or $0.08 per diluted share in the first quarter of 2013.

Cash and short term investments totaled $64.5 million on March 31, 2014 down from $79.9 million as of December 31, 2013.

Share Repurchases:

In August 2013, the Board of Directors approved a $40.0 million share repurchase program, of which $17.3 million remains as of March 31, 2014. During the first quarter of 2014 the Company repurchased $9.5 million worth of stock. As previously stated, the timing and amount of any shares repurchased will be determined based on the Company's evaluation of market conditions and other factors and the program may be discontinued or suspended at any time. Repurchases will be made in compliance with all SEC rules and other legal requirements and will be made in part under a Rule 10b5-1 plan, which permits stock repurchases when the Company might otherwise be precluded from doing so. Effective today, the Company has suspended the share repurchase program.

First Quarter 2014 Business Highlights:

BIRT:

• The BIRT community includes over 3.5 Million BIRT developers worldwide;
• Visitors to new BIRT developer web site (developer.actuate.com), formerly BIRT Exchange, up over 50% from a year ago;
• Nearly 117,500 total registrations to date on developer.actuate.com, up 14% from 103,500 a year ago;
• Announced the availability of the new BIRT Viewer Toolkit™ – a free companion product to open source BIRT – designed for developers and ISVs, which allows developers to speed integration of BIRT visualizations and reporting capabilities into their own applications.

BIRT iHub and Customer Communications Management:

• Announced the next generation BIRT Content Services™ 5.0, now fully integrated with the BIRT iHub™ 3 deployment platform, which is a holistic solution for CCM that enables end-to-end management of high volume customer communications;
• Announced the acquisition of legodo ag., which significantly expands the Accessible Customer Communications Management solution offered by Actuate’s Content Services Group;
• Announced the award of a U.S. patent (no. 8619272) entitled "Automated Assistive Technology for the Visually Impaired” for its PDF Accessibility Solution™, the only comprehensive accessibility solution that integrates with an organization’s existing document management system to capture high volume print streams and automatically remediate them into properly tagged, accessible documents;
• Actuate named a Leader in “The Forrester Wave™: Enterprise Business Intelligence Platforms.”

Customers:

During the first quarter, Actuate received significant new and repeat business from, among others: AT&T Inc., AXA Asia, BDM IT Solutions, Broadridge Financial Solutions, Inc., Visa, Delta Air Lines, Inc., Elm Resources Inc., FirstBank Holding Company, Hartford Fire Insurance Company, HSBC France, Lumesse (Formerly Mr. Ted and Stepstone), MetLife, Inc., National Bank of Canada, NHS England, Pictet Et Cie, Prevoir Vie Groupe Prevoir, Riverside Publishing Co., Sacramento Regional County Sanitation District Shinsei Bank, Limited Skipton Building Society, Taleo Corporation (Oracle), Verizon Communications Inc. and Whirlpool Corporation.

Conference Call Information:

Actuate’s management team will host a conference call to discuss the company’s first quarter 2014 financial results on Thursday, May 1st, at 2:00 p.m. PT (5:00 p.m. ET). To access the call, please dial 877-407-8035 (201-689-8035 for international participants) and use conference ID number 13580434. A live webcast of the first quarter 2014 financial results conference call, with an accompanying slide presentation, will also be available at the investor relations section of the Actuate website at http://www.actuate.com/investor, and will be available in the same location on an archived basis for a limited time thereafter.

About Actuate (NASDAQ:BIRT) – The BIRT Company™

Actuate provides software to more than three million BIRT developers and OEMs who build scalable, secure solutions that save time and improve brand experience by delivering personalized analytics and insights to over 200 million of their customers, partners and employees. Actuate founded and supports BIRT – the open source IDE – and develops BIRT iHub™ – the world-class deployment platform – to significantly improve productivity of developers working on customer facing applications. Actuate’s BIRT Analytics™ delivers self-service predictive analytics to enhance customer engagement using Big Data. The Actuate Customer Communications Suite™ empowers organizations to easily transform, process, personalize, archive and deliver high volume content and individualized correspondence. Actuate is headquartered in Silicon Valley with more than 5,000 enterprise customers in financial services, technology and government. Visit actuate.com and developer.actuate.com.

Discussion of Non-GAAP Financial Measures

This press release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles (GAAP). Actuate management evaluates and makes operating decisions using various performance measures. In addition to our GAAP results, we also consider adjusted net income (loss), which we refer to as non-GAAP net income (loss). We further consider various components of non-GAAP net income (loss) such as non-GAAP gross margin and non-GAAP operating expense. Non-GAAP net income (loss) is generally based on the revenues of our product, maintenance and services business operations and the costs of those operations, such as cost of revenue, research and development, sales and marketing and general and administrative expenses, that management considers in evaluating our ongoing core operating performance. Non-GAAP net income (loss) consists of net income (loss) excluding amortization of intangible assets, equity plan-related compensation expenses, acquisition related expenses, restructuring charges, one-time termination costs, foreign currency exchange gains and losses related to the revaluation of monetary assets and liabilities and other one-time charges and gains which management does not consider reflective of our core operating business. Non-GAAP net income (loss) also includes an adjustment to add back revenue that could not be recognized due to the impact of purchase accounting on the acquired legodo and Quiterian revenue contracts. Intangible assets consist primarily of purchased technology, in-process research and development, trade names, customer relationships, employment agreements and other intangible assets issued in connection with acquisitions. Restructuring charges consist of one-time compensation and benefits, excess facilities and asset-related charges resulting from strategic reallocations or reductions of personnel resources. Equity plan-related compensation expenses represent the fair value of all share-based payments to employees, including grants of employee stock options and awards recognized during the period. For purposes of comparability across other periods and against other companies in our industry, non-GAAP net income (loss) is adjusted by the amount of additional taxes or tax benefit that the Company would accrue using a normalized effective tax rate applied to the non-GAAP results. Our non-GAAP earnings (losses) per share calculation also includes an adjustment to total outstanding shares to reflect what the share amount would have been if it were calculated using non-GAAP results.

Non-GAAP net income (loss) is a supplemental measure of our performance that is not required by, nor presented in accordance with, GAAP. Moreover, it should not be considered as an alternative to net income (loss), operating income (loss), or any other performance measure derived in accordance with GAAP, or as an alternative to cash flow from operating activities or as a measure of our liquidity. We present non-GAAP net income (loss) because we consider it an important supplemental measure of our performance.

Management excludes from non-GAAP net income (loss) certain recurring items to facilitate its review of the comparability of the Company's core operating performance on a period-to-period basis because such items are not related to the Company's ongoing core operating performance as viewed by management. Management uses this view of its operating performance for purposes of comparison with its business plan and individual operating budgets and allocations of resources. Additionally, when evaluating potential acquisitions, management excludes the items described above from its consideration of target performance and valuation.

The Company believes that, in general, these items possess one or more of the following characteristics: their magnitude and timing is largely outside of the Company's control; they are unrelated to the ongoing operation of the business in the ordinary course; they are unusual and the Company does not expect them to occur in the ordinary course of business; they are non-operational, or they are related to non-cash expenses involving stock option grants.

The Company believes that the presentation of these non-GAAP financial measures is warranted for several reasons:

1) Such non-GAAP financial measures provide an additional analytical tool for understanding the Company's financial performance by excluding the impact of items that may obscure trends in the core operating performance of the business;

2) Since the Company has historically reported non-GAAP results to the investment community, the Company believes the inclusion of non-GAAP numbers provides consistency and enhances investors' ability to compare the Company's performance across financial reporting periods;

3) These non-GAAP financial measures are employed by the Company's management in its own evaluation of performance and are utilized in financial and operational decision making processes, such as budget planning and forecasting;

4) These non-GAAP financial measures facilitate comparisons to the operating results of other companies in our industry, which use similar financial measures to supplement their GAAP results, thus enhancing the perspective of investors who wish to utilize such comparisons in their analysis of the Company's performance.

Set forth below are additional reasons why specific items are adjusted in the Company's non-GAAP financial measures:

a) Amortization charges for purchased technology and other intangible assets are excluded because they are inconsistent in amount and frequency and are significantly impacted by the timing and magnitude of the Company's acquisition transactions. We analyze and measure our operating results without these charges when evaluating our core performance. Generally, the impact of these charges to the Company's net income (loss) tends to diminish over time following an acquisition.

b) While stock-based compensation constitutes an ongoing and recurring expense of the Company, it is not an expense that typically requires or will require cash settlement by the Company. We therefore exclude these charges for purposes of evaluating our core performance as well as with respect to evaluating any potential acquisition.

c) Restructuring charges are primarily related to one-time compensation benefits and/or the disposition of excess facilities driven by modifications of business strategy. These costs are excluded because they are inherently variable in size, and are not specifically included in the Company's annual operating plan and related budget due to the rapidly changing facts and circumstances typically associated with such modifications of business strategy.

d) The deferred revenue adjustments relate to our acquisitions of legodo and Quiterian, which were concluded in January 2014 and October 2012, respectively. In accordance with the fair value provisions of Accounting Standards Codification ("ASC") 805, Business Combinations, acquired deferred revenue which was lower than the historical carrying value was recorded on the opening balance sheet. This purchase accounting requirement adversely impacts the Company's reported GAAP revenue primarily for the first twelve months post-acquisition. In order to provide investors with financial information that facilitates comparison of both historical and future results, the Company has provided non-GAAP financial measures which exclude the impact of the purchase accounting adjustment. The Company believes that this non-GAAP financial adjustment is useful to investors because it allows investors to (a) evaluate the effectiveness of the methodology and information used by management in its financial and operational decision-making and (b) compare past and future reports of financial results of the Company as the revenue reduction related to acquired deferred revenue will not recur when related terms are renewed in future periods.

e) Foreign currency exchange gains and losses represent the net gain or loss that Actuate has recorded for the impact of currency exchange rate movements on monetary assets and liabilities denominated in foreign currencies related to the revaluation of these assets and liabilities. Actuate presents non-GAAP financial information excluding foreign exchange gains and losses for several reasons. These foreign currency gains and losses are generally unpredictable and can cause Actuate’s reported results to vary significantly. The magnitude and timing of these gains and losses are largely outside of Actuate’s control because Actuate has not engaged in hedging or taken other actions to reduce the likelihood of incurring a sizeable net gain or loss in future periods. Management believes that these gains and losses are unrelated to the ongoing operation of its business in the ordinary course and are non-operational. Management therefore excludes these items for the purposes of evaluating core performance and they are not specifically included in the Company’s annual operating plans, budgets or management compensation structure. Actuate believes that investors benefit from a supplemental non-GAAP financial measure that excludes these items because it allows more meaningful comparability of results between periods and enables investors to compare Actuate’s core operating results in different periods without this variability.

f) Income tax expense (benefit) is adjusted by the amount of additional expense or benefit that we would accrue if we used non-GAAP results instead of GAAP results in the calculation of our tax liability, taking into consideration the Company's long-term tax structure. The Company is using a normalized effective tax rate of 30%. This adjustment is made because the rate remains subject to change based on several factors, including variations over time in the geographic business mix and statutory tax rates. This non-GAAP estimated tax rate is reviewed annually.

g) Acquisition-related costs are costs incurred in concluding our acquisition transactions. These costs are excluded because they are inconsistent in amount and frequency and are directly impacted by the timing and magnitude of the Company’s acquisition transactions. We analyze and measure our operating results without these charges when evaluating our core performance. These acquisition-related costs are unrelated to the Company’s core operations in the ordinary course and are not included in our annual operating plan and budget.

h) One-time termination costs consist of severance payments related to reductions in force. As a consequence of reductions in force, the Company was required to pay out certain severance benefits. In accordance with the applicable FASB Codification, these payments were required to be classified as compensation expense in the Condensed Consolidated Statements of Operations, rather than as a restructuring expense because they are consistent with the Company’s past practice in regards to ongoing benefits arrangements as well as statutorily-required benefits that are provided in the event of involuntary termination. The Company is excluding these costs in the Non-GAAP financial measures because the charges are not included in the Company’s annual operating plan and related budget. These charges are inherently variable in size and are directly impacted by the timing and magnitude of the Company’s acquisition transactions. We analyze and measure our operational results without these charges when evaluating our core performance. Actuate believes that investors benefit from a supplemental non-GAAP financial measure that excludes these items because it allows more meaningful comparability of results between periods and enables investors to compare Actuate’s core operating results in different periods without this variability.

In the future, the Company expects to continue reporting non-GAAP financial measures excluding items described above and the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above. Accordingly, exclusion of these and other similar items in our non-GAAP presentation should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

As stated above, the Company presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. However, non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company's GAAP results. In the future, the Company expects to incur expenses similar to the non-GAAP adjustments described above and expects to continue reporting non-GAAP financial measures excluding such items. Some of the limitations in relying on non-GAAP financial measures are:

• Amortization of intangibles, though not directly affecting our current cash position, represent the loss in value as the technology in our industry evolves, is advanced or is replaced over time. The expense associated with this loss in value is not included in the non-GAAP net income (loss) presentation and therefore does not reflect the full economic effect of the ongoing cost of maintaining our current technological position in our competitive industry, which is addressed through our research and development program.
• The Company may engage in acquisition transactions in the future. Merger and acquisition related charges may therefore continue to be incurred and should not be viewed as non-recurring.
• The Company's employee equity incentive and employee stock purchase plans are important components of our incentive compensation arrangements and will be reflected as expenses in our GAAP results for the foreseeable future.
• The Company's income tax expense (benefit) will be ultimately based on its GAAP taxable income (loss) and actual tax rates in effect, which may differ significantly from the rate assumed in our non-GAAP presentation.
• Other companies, including other companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting their usefulness as a comparative measure.

Pursuant to the requirements of SEC Regulation G, a detailed reconciliation between the Company's GAAP and non-GAAP financial results is provided in this press release and is available in the investor relations section of the Company's web site for a limited time at http://www.actuate.com/investor. Investors are advised to carefully review and consider this information strictly as a supplement to the GAAP results that are contained in this press release and in the Company's SEC filings.

Cautionary Note Regarding Forward Looking Statements: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These include statements regarding Actuate’s expectations, beliefs, hopes, intentions or strategies regarding the future. All such forward-looking statements are based upon information available to Actuate as of the date hereof, and Actuate disclaims any obligation to update or revise any such forward-looking statements based on changes in expectations or the circumstances or conditions on which such expectations may be based. Actual results could differ materially from Actuate’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the general spending environment for information technology products and services in general and application development, business intelligence, business analytics, output management and customer communications management software in particular, quarterly fluctuations in our revenues and other operating results, our ability to expand our international operations, our ability to successfully compete against current and future competitors, the impact of acquisitions on the Company’s financial and/or operating condition, the ability to increase revenues through our indirect distribution channels, general economic and geopolitical uncertainties and other risk factors that are discussed in Actuate’s Securities and Exchange Commission filings, specifically Actuate 2013 Annual Report on Form 10-K filed on March 7, 2014 as well as its quarterly reports on Form-10Q.

Copyright © 2014 Actuate Corporation. All rights reserved. Actuate, legodo, BIRT iHub, BIRT Analytics, Actuate Customer Communications Suite, The Actuate Document Accessibility Appliance, BIRT onDemand, BIRT Viewer Toolkit, and the Actuate logo are trademarks or registered trademarks of Actuate Corporation and/or its affiliates in the U.S. and certain other countries. The use of the word “partner” or “partnership” does not imply a legal partnership relationship between Actuate and any other company. All other brands, names or trademarks mentioned may be trademarks of their respective owners.

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