AXENT Technologies Inc. announces record earnings on a 52% increase in quarterly revenues.

ROCKVILLE, Md.--(BUSINESS WIRE)--July 24, 1996--AXENT(TM) Technologies Inc. (NASDAQ:AXNT) today reported revenues for the three months ended June 30, 1996 of $5.3 million, an increase of 52% over revenues of $3.5 million for the same three month period of 1995.

Revenues for the six months ended June 30, 1996 were $9.4 million, an increase of 51% over revenues of $6.2 million for the same six month period of 1995.

Income from continuing operations increased to $1,144,000 or $.11 per share for the three months ended June 30, 1996, compared to a loss from continuing operations of ($796,000) or ($.09) per share for the same period of 1995.

For the six months ended June 30, 1996, income from continuing operations increased to $1,227,000 or $.12 per share, compared to a loss from continuing operations of ($2,000,000) or ($.22) per share for the same period of 1995.

Income from discontinued operations was $526,000 or $.05 per share for the three months ended June 30, 1996, compared to $1,394,000 or $.16 per share for the same period of 1995. For the six months ended June 30, 1996, income from discontinued operations was $1,553,000 or $.16 per share compared to income from discontinued operations of $2,632,000 or $.29 per share for the same period of 1995.

Net income for the three months ended June 30, 1996 increased 179% to $1,670,000 or $.16 per share, compared to net income of $598,000 or $.07 per share for the second quarter of 1995. Net income for the six months ended June 30, 1996 increased 340% to $2,780,000 or $.28 per share, compared to net income of $632,000 or $.07 per share for the same period of 1995.

Richard A. Lefebvre, president and chief executive officer of AXENT, said, "The information security market continues to be robust as large organizations recognize the need for a comprehensive approach to defining, managing, and controlling information security. AXENT's OmniGuard solution provides customers with this ability." -0-

    Highlights of the quarter include:

    -- The completion of an initial public offering of 2,990,000
       shares of its common stock on April 24, 1996.  AXENT's common
       stock is traded on the NASDAQ National Market System under the
       symbol AXNT.
    -- The release of OmniGuard/Enterprise Security Manager(R)
       supporting Windows NT.
    -- The launching of a worldwide Strategic Alliance and Reseller
       Partnership Program (STAR).
    -- The release of OmniGuard/Enterprise Access Control(R) for UNIX
       version 3.0 with a new client server architecture.-0-

AXENT provides enterprise-wide information security solutions for client/server computing environments. AXENT's OmniGuard(TM) suite of software products enables organizations to centrally manage information security across a wide variety of client/server platforms.

In addition, OmniGuard provides enhanced data confidentiality, access control, user administration and intrusion detection for PCs, PC-LANs, UNIX, Windows NT and OpenVMS systems. Internet users can contact AXENT via Email at [e-mail], or visit AXENT's World Wide Web site at http://www.axent.com.

Statements in this release concerning the company's future prospects are "forward-looking statements" under the federal securities laws. There can be no assurance that future results will be achieved and actual results could differ materially from forecasts and estimates.

Important factors that could cause actual results to differ materially are included but are not limited to those listed in the company's registration statement on Form S-1 filed Feb. 14, 1996, as amended, and on the company's quarterly reports as filed on Form 10-Q. -0- All trademarks, service marks and company names are the property of the respective owners. -0-

                      AXENT TECHNOLOGIES INC.
                         Operating Results
              (amounts in thousands, except per share data)
                            (unaudited)

                      For the Three Months     For the Six Months
                        Ended June 30,           Ended June 30,
                          1996     1995            1996     1995
Net Revenues:
   Product licenses     $ 3,929  $ 2,558         $ 6,603  $ 4,238
   Services               1,396      946           2,804    2,005
      Total net revenues  5,325    3,504           9,407    6,243

Cost of net revenues:
   Product licenses         116      235             227      482
   Services                 365      207             636      395
      Total cost of net
       revenues             481      442             863      877

Gross profit              4,844    3,062           8,544    5,366

Operating expenses:
   Sales and marketing    2,968    2,884           5,781    5,802
   Research and
    development           1,173      996           2,257    1,977
   General and
    administrative          595      577           1,152    1,110
       Total operating
        expenses          4,736    4,457           9,190    8,889

Income (loss) from
 continuing operations
 before royalties,
 interest and taxes         108   (1,395)           (646)  (3,523)

   Royalty income           804      ---           1,604      ---
   Interest income
    (expense)               257      (35)            329      (69)
   Income tax benefit
    (provision)             (25)     634             (60)   1,592

Income (loss)  from
 continuing operations    1,144     (796)          1,227   (2,000)

Income from discontinued
 operations                 526    1,394           1,553    2,632

Net income              $ 1,670  $   598         $ 2,780  $   632

Net income (loss) per common share:

   Continuing
    operations          $  0.11  $ (0.09)        $  0.12  $ (0.22)
   Discontinued
    operations             0.05     0.16            0.16     0.29
Net income per common
 share                  $  0.16  $  0.07         $  0.28  $  0.07

Weighted average number
 of common shares        10,652    9,139           9,894    9,139

                      AXENT TECHNOLOGIES INC.
                      SUMMARY BALANCE SHEETS
                      (amounts in thousands)

                                    June 30,         Dec. 31,
                                     1996             1995
                                  (unaudited)
ASSETS

Current assets:
   Cash and cash equivalents          $34,806         $ 6,083
   Accounts receivable, net             3,447           5,071
   Prepaid expenses and other current
    assets                                426             338

      Total current assets             38,679          11,492

Property and equipment, net             1,224           1,097
Other assets                               29              57
      Total assets                    $39,932         $12,646

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Accounts payable and accrued
    liabilities                       $ 4,148         $ 5,035
   Note payable                           814             900
   Deferred revenue                     2,799           2,290
   Net identifiable (assets)
    liabilities from discontinued
    operations                          1,070           1,319

      Total current liabilities         8,831           9,544

   Long-term deferred revenue, net of
    current portion                        86             126

      Total liabilities                 8,917           9,670

      Total stockholders' equity       31,015           2,976

      Total liabilities and
       stockholders' equity           $39,932         $12,646

CONTACT: AXENT Technologies Inc., Rockville

John Becker, EVP/CFO, 301/670-3504, Fax [phone]