HYPERION REPORTS FISCAL FIRST QUARTER RESULTS - Earnings Accelerate Year Over Year Wednesday 24 October 2001 PDF Print 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 firstname.lastname@example.org 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. 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