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* Half-year revenues exceed $50 million, up 121% on 1997
figures.
* Peregrine adds substantial capabilities with new acquisitions.

Peregrine Systems has announced record quarterly revenues and
profits for its second quarter and the first six months of fiscal
1999, excluding one-time charges relating to acquisitions.
Revenues for the quarter ended September 30, 1998 grew 143%
to a record $29.7 million, compared with revenues of $12.2
million for the quarter ended September 30, 1997. Net profits
excluding charges for acquired research and development costs
for the second quarter of fiscal 1999 increased 132% to $4.1
million, compared to $1.8 million in the second quarter of fiscal
1998.

With the acquisition of Innovative Tech Systems, Inc. and the
technology acquisition from International Software Solutions
during the quarter, Peregrine Systems recorded one-time charges
of $91.8 million for acquired research and development costs,
resulting in a net loss of $87.6 million and a net loss per diluted
share of $3.79 for the quarter ended September 30, 1998.

"Peregrine's results are reflective of the rapidly growing market
demand for the Company’s infrastructure management
solutions," said Stephen P. Gardner, President and Chief
Executive Officer of Peregrine Systems, Inc. "With the
acquisitions during the quarter, Peregrine Systems has
broadened its ability to address the full lifecycle of infrastructure
inside an organisation - from the moment it enters the company
to the moment it is retired. Peregrine Systems is unique in its
ability to provide solutions which address a full range of
infrastructure, from information technology, to telephony, to real
estate, facilities, and cable plant assets. We continue to receive a
strong response from both industry analysts and our customers."

Half-year revenues grow 121% to $51.4 million

For the six months ended September 30, 1998 revenues grew
121% to $51.4 million compared with revenues of $23.2 million
for the six months ended September 30, 1997. Net income
excluding charges for acquired research and development costs
for the first six months of fiscal 1999 increased 130% to $7.4
million, compared with the first six months of fiscal 1998. Net
income per diluted share excluding charges for acquired
research and development costs for the first six months of fiscal
1999 increased 83% to $0.33 from $0.18 in the comparable six
month period of fiscal 1998.


For more information please contact:
Andrew Rodaway Janice Baker
Oast Communications Peregrine Systems
Andrew@oast.co.uk jbaker@peregrine.com
01959 568504 0181 332 9666

Peregrine Systems - www.peregrine.com
Peregrine Systems is the leading provider of Infrastructure
Management solutions. True Infrastructure Management unites
the unique disciplines of the Enterprise Service Desk and Asset
Management through common shared data. Peregrine Systems
solutions address all aspects of organisational infrastructure,
from Information technology to the buildings and real estate
assets housing the technology and people of the organisation.
The merging of these disciplines results in a significantly better
understanding of the impact of events and change upon the
investment decisions of a company.

Founded in 1981, Peregrine Systems is headquartered in San
Diego, California with offices throughout the United States as
well as in the United Kingdom, France, Germany, Denmark,
Netherlands, Australia and Singapore. Peregrine Systems also
has partners and distributors located throughout these regions
and in Latin America.



---------------------------------------
Andrew Rodaway, Oast Communications, UK
Tel:+44 1959 568500 Fax:+44 1959 568506
andrew@oast.co.uk www.oast.co.uk
Hi-tech PR and Marketing Communications

This press release was distributed by ResponseSource Press Release Wire on behalf of Oast Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.