BENSALEM, Pa. -- (Business Wire)

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Actuate Corporation (“Actuate” or the “Company”) (NASDAQ:BIRT) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company between November 5, 2013 and May 1, 2014, concerning Actuate’s business and financial performance.

Actuate provides software solutions and services to corporate and government customers worldwide. The investigation is related to the Company’s May 1, 2014, announcement of Actuate’s first quarter 2014 financial results. Among other things, the Company reported first quarter revenues below analysts’ expectations, and a net loss for the first quarter of $0.01 per share. According to the Company, a “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.” As a result of this news, Actuate shares dropped more than 27%, to a closing price of $3.97 per share on May 2, 2014.

If you purchased Actuate sharesbetween November 5, 2013 and May 1, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Source: Law Offices of Howard G. Smith