Want CNET to notify you of price drops and the latest stories?

Wind River tops 2Q estimates, CFO to retire

Wind River Systems (Nasdaq: WIND) beat analyst estimates in the second quarter and said its chief financial officer would retire.

After market close Thursday, the maker of embedded software reported fiscal second quarter net income of $7.7 milion, or 10 cents per share, not counting special charges. First Call's survey of seven analysts posted a profit of 7 cents per share.

Also Thursday, Wind River said Richard Kraber would retire from his CFO post in fiscal 2002. He will stay until a replacement is found and trained, the company said.

Shares of Wind River rose to 42 in afterhours activity on the Island electronic communications network, following the earnings report. Wind River stock rose 1 to 40 3/4 in Thursday's regular trading, prior to the release of quarterly results.

Including amortization and acquisition-related costs, Wind River in the second quarter lost $17.3 million, or 24 cents per share.

Second quarter revenue increased 39 percent year-over-year to $101.3 million. The company added four companies to its value-added reseller program, bringing the total to 30.>