update software AG Confirms 45.2% Rise in Net Income for the Year 2007 to EUR 4.7 Million

At its meeting on April 29, the Supervisory Board of update software

AG, one of Europe´s foremost providers of

premium CRM solutions with headquarters in Vienna, announced the

confirmed business figures for fiscal 2007. According to these figures

update saw its net income for the year surge by 45.2 percent to EUR

4.716 million. This is equivalent to earnings per share of EUR 0.42

(diluted). Compared with the year 2006, when earnings per share were

EUR 0.31, this means a rise in earnings per share of 35.5 percent.

Already announced in January, the company´s

record-breaking revenues of EUR 32.538 million for 2007 "“ reflecting a rise by 39.3 percent against 2006 "“ have now been confirmed, as has operating income (EBIT) for 2007 of EUR

3.705 million. Given the consistently positive trend in profits, the

Management Board of update software AG will for the first time propose a

dividend of EUR 0.10 per share at the company´s

11th ordinary general meeting on June 11, 2008.
"In view of the consistently good annual

results over the last five years, we are pleased to be able in future to

offer shareholders of update software AG a sustainable dividend policy

without swerving from our aggressive growth strategy or plans for

further acquisitions," said update CFO Monika

Fiala of the dividend decision. CRM specialist update continued in an

impressive manner its steep upwards trend also in the first quarter of

2008. Compared with the corresponding period one year before, update

succeeded in increasing revenues in Q1/2008 by 40.2 percent to EUR 8.439

million, thereby posting the highest first-quarter revenues ever in the

history of update software AG. Up by 25.5 percent versus Q1/2007, update´s

licensing operations again accounted for a significant share of the

excellent revenues in Q1/2008 "“ although the

first quarter is traditionally the weakest quarter for the software

sector. For any software producer, licensing operations are particularly

important as an indication of the company´s

fundamental health and agility.
About update software AG
Founded in Vienna in 1988, update software AG (www.update.com)

is Europe´s leading provider of premium CRM

solutions, with close to 300 employees and revenues of EUR 32.5 million

in 2007. update software AG is listed on the Frankfurt Stock Exchange.

Today, update products are used by more than 150,000 users at over 1,300

companies. References include, among others, 3M, American Express Bank

und Finanzmanagement, the Advertisements Department of the BILD

newspaper group, AstraZeneca, BAWAG P.S.K., Canon, DuPont, ESTAG, Kärcher

LBS Nord, MagnaSteyr, Pernod Ricard, ratiopharm, Saint-Gobain Isover

Sony Deutschland, UnicreditBank Hungary as well as Sparkasse Bremen and

200 other German savings banks. update software AG cooperates with

companies such as Atos Origin, Hewlett Packard, Sensix and Steria

Mummert Consulting.
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