MARIMBA ANNOUNCES PRELIMINARY FIRST-QUARTER FINANCIAL RESULTS Wednesday 11 April 2001 PDF Print Marimba, Inc., a leading provider of systems management solutions built for e-business, today announced preliminary expectations of financial results for its first quarter ended March 31, 2001. For the first quarter, revenues are expected to be approximately $11.0 million. Diluted net loss per share is expected to be in the range of 17 to 19 cents, excluding a non-cash charge of $592,000 for deferred stock compensation. Including the non-cash charge, diluted net loss per share for the first quarter is expected to be in the range of 19 to 21 cents. "Like many other companies in the software industry, we are experiencing the impact of the general economic slowdown, primarily through delays in IT purchases and lengthening sales cycles," said John Olsen, Marimba's president and chief executive officer. "We are taking steps to reduce our expenses to bring our business plans in line with today's challenging economic environment. However, we continue to believe in the long-term growth prospects of the systems management market, and we plan to maintain our new product development momentum to capitalise on the eventual market recovery." On April 2, 2001, Marimba announced a new family of performance management software products designed to monitor the performance of online applications and services. In addition, the company announced that it has modularised and enhanced its existing Castanet and Timbale technologies. The expected financial results for Marimba's first quarter contained in this announcement are preliminary, based on the information currently available to Marimba, and subject to the closing of its financial books and customary quarterly review procedures with its independent auditors. Marimba plans to announce its final financial results for the first quarter on April 19, 2001 at approximately 1:00pm PT. Marimba plans to conduct a teleconference on April 19 beginning at 1:45pm PT (4:45pm ET) to discuss its final financial results for the first quarter. Anyone wishing to participate may do so by calling 913-981-4900 approximately 10 minutes prior to the start of the call. This teleconference will be Webcast live and archived for one week at http://marimba.com/investor/conference_call.html. In addition, a telephone replay will be available for one week at 719-457-0820, code #767987. About Marimba Headquartered in Mountain View, Calif., Marimba, Inc. (Nasdaq: MRBA) provides systems management solutions built for e-business. From change management to performance management software, Marimba's extensive Internet expertise allows Global 2000 companies to better manage their resources, increase efficiency and reduce costs. For more information, please call, or visit our Web site at www.marimba.com. This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by these sections. These forward-looking statements include statements regarding: the general economic slowdown, delays in IT purchases, lengthening sales cycles, cost reduction measures to bring Marimba's product plans into line with the economic environment, the long-term growth prospects of the systems management market, maintaining the momentum of Marimba's new product development plans and the eventual market recovery. The results expected by the forward-looking statements in this announcement are subject to a number of risks and uncertainties, including: the ability of Marimba to effectively manage its costs against uncertain revenue expectations, the potential for a decrease in net revenue which may be caused by delays in the timing of sales and the delivery of products or services, fluctuations in customer demand, challenges associated with growing the company, Marimba's need to retain key personnel, Marimba's dependence on the success of its Castanet product family and increasing market acceptance of its Timbale product family and its planned performance management product family, competition from other vendors, Marimba's need to increase third-party distribution and other reseller relationships, the operational, technical and strategic challenges Marimba faces in developing new products (which may affect its ability to release new products on schedule and the degree to which the products are accepted by customers), and general economic, technological and market conditions, which could affect the level of demand for Internet infrastructure management solutions in general and Marimba's products in particular. Actual results may differ materially from the results anticipated by these forward-looking statements due to the factors listed above and other factors. The financial results indicated in this announcement are preliminary estimates only. The final financial results that will be reported by Marimba for the first fiscal quarter are subject to further review of the revenue recognised and expenses incurred in the quarter for consistency with Marimba's accounting policies and GAAP. These final financial results may not fall within the ranges indicated above and could differ materially. The matters discussed in this announcement also involve risks and uncertainties described from time to time in Marimba's filings with the Securities and Exchange Commission (SEC). In particular, see the risk factors described in Marimba's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as submitted to the SEC and as may be updated or amended with future filings or submissions. Marimba undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this announcement that may reflect events or circumstances occurring after the date of this announcement. -ends- Marimba and Castanet are registered trademarks, and Timbale is a trademark, of Marimba, Inc. in the U.S. and/or certain other countries. All other product, trademark, company or service names mentioned herein are the property of their respective owners. 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