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SUNNYVALE, Calif., October 23, 2001 - Hyperion (Nasdaq: HYSL), a leader in
business intelligence software, today announced financial results for its
fiscal first quarter ended September 30, 2001.

Total revenues for the quarter were 4.7 million, compared to 5.1
million for the same quarter a year ago. Software license revenue totaled
.8 million, compared to .0 million for the same period a year ago,
while maintenance and services revenue totaled .9 million compared to
.0 million in the same period a year ago. The company reported net
income
of .9 million or .06 per share for the quarter, compared to a net loss
of .1 million or (.12) per share for the same period last year.

"These results demonstrate that we are making continued progress in
rebalancing our cost structure across the board and improving our
profitability," said Jeff Rodek, Hyperion's chairman and chief executive
officer. "Throughout the past quarter, we built upon our new, more focused
strategy and aggressively managed expenses. We became increasingly diligent
in controlling costs as market conditions worsened. The tragic events of
September 11 created additional economic uncertainty, especially in North
America, and disrupted sales cycles. We're very pleased that we achieved
notable financial milestones including improved profitability and
million in cash flow from operations, even in these tough times. "

In a separate release today, the company also announced that it has
appointed Godfrey Sullivan as president and chief operating officer.

"The addition of Godfrey Sullivan to our management team is tremendous for
our company, employees, customers, and shareholders," said Mr. Rodek.
"Going
forward, he will help us focus on increasing software license revenue and
improving customer satisfaction, while continuing our increased focus
managing costs and driving profitable growth."

First Quarter Highlights
Developments during the first quarter included:

Significant customer wins at AutoNation, Cingular Wireless, Kellogg
Company,
Newell Rubbermaid, Standard and Poor's, a division of the McGraw-Hill
Companies, and Viag-Interkom of Germany.
The general availability of Hyperion Planning 2.0, a Web-based financial
application that drives collaborative planning processes throughout users'
organizations. The new release offers customers enhanced functionality,
scalability and performance including improvements to its workflow
management, modeling capabilities, and data entry form creation and use.

Conference Call and Webcast
Hyperion executive management will host a conference call at 5:00 p.m. EDT
today, to discuss these financial results. The conference call will be
webcast live with access through the Hyperion Web site at www.hyperion.com.
A replay of the webcast will also be available from the company's Web site.

About Hyperion

Hyperion, a global leader in business intelligence software, creates
solutions that help businesses measure performance and drive profitability.
Its flagship product, Hyperion Essbase, as well as its financial analysis,
performance management and eCRM analysis solutions are used by more than
6,000 companies around the world. Hyperion has a network of more than 400
strategic partners to provide innovative business intelligence solutions,
specialized applications and services.
Headquartered in Sunnyvale, California, Hyperion reported annual revenues
in
fiscal 2001 of more than 0 million. The company has more than 2,300
employees in 20 countries and is also represented in 16 other countries
through distributor relationships. For more information, please visit
www.hyperion.com, e-mail info@hyperion.com or call 800-286-8000.


Safe Harbor Statement
Statements in this press release other than statements of historical fact
are forward-looking statements, including, but not limited to, statements
concerning the company's future financial performance and results of
operations. Such statements constitute anticipated outcomes and do not
assure results. Actual results may differ materially from those anticipated
by the forward-looking statements due to a variety of factors including,
but
not limited to, changes in general economic conditions, competition and
uncertain market acceptance of new products. For a more detailed discussion
of factors that could affect the company's performance and cause actual
results to differ materially from those anticipated in the forward-looking
statements, interested parties should review the company's filings with the
Securities and Exchange Commission, including the Report on Form 10-K filed
on September 14, 2001. The company does not undertake an obligation to
update its forward-looking statements to reflect future events or
circumstances.
# # #

Hyperion and Essbase are registered trademarks and Hyperion Solutions is a
trademark of Hyperion Solutions Corporation. All other trademarks and
company names mentioned are the property of their respective owners.


Investor contact:
Linda Snyder
408-220-8405
linda_snyder@hyperion.com

Media contact:
Robert Schettino
408-220-8179
robert_schettino@hyperion.com

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