Business Objects Confirms Second Quarter Guidance; Trims European Field Operations Workforce.

Business Editors/High-Tech Writers

Business Objects (Nasdaq:BOBJ)(Euronext Paris Sicovam code 12074), the world's leading provider of business intelligence solutions, today announced it expects results for the second quarter ended June 30, 2002 to be within the range of its previously announced guidance of $108 to $110 million in revenue.

In addition, the company announced that it will eliminate approximately 60 field positions in its European field operations, about 4 percent of its European workforce, in order to better align revenues and cost structure in Europe.

"We are very pleased to have again met our guidance especially given the prevailing, tough economic environment," said Bernard Liautaud, chief executive officer of Business Objects. "Our performance in the Americas continues to be strong. However, economic conditions in Europe remain challenging, and we have therefore implemented a minor reduction of our European cost structure to better align revenues and expenses going forward. Eliminating these positions is a painful decision. I want to thank those who are affected for their contribution to the company."

According to Liautaud, the company's second quarter results will include two offsetting non-operating items: a one-time charge for the European employment reduction and a gain, net of legal fees, from the initial payment related to the patent litigation settlement with Cognos, announced May 27, 2002. Excluding these two non-operating items, the company expects earnings per share to be in line with its previously announced guidance of $0.16 to $0.17.

This press release contains forward-looking statements relating to the company's expectations concerning revenues and earnings and for the quarter ended June 30, 2002 and, the effect of the workforce reduction the company's European field operations, and the effect of the current economic environment on the company's business. These forward-looking statements are based on the company's current expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. The factors that could cause actual results to differ materially include, but are not limited to, closing of the company's books and customary quarter-end accounting procedures, the level of demand for the company's business intelligence solutions, changes in customer order patterns, the importance of business intelligence in the intranet, extranet, and analytic applications markets, unexpected expenses, the continued success in technological advances and the ability of the company to adapt to technological changes, in particular with respect to the greater technical stability and better performance required by larger enterprise-wide deployments of our products on Unix platforms, the ability of the company to gain acceptance of its products, the company's reliance on partners and other third party distribution channels to market and distribute its products, the impact of events outside the United States such as fluctuating currency rates, in particular fluctuations of the euro and yen, worldwide economic and political conditions, the ability of the company to protect its intellectual property, litigation involving intellectual property and other issues, and increased competition. For a more complete discussion of these factors and additional risk factors that could materially affect the company's current and future operating results, see the discussions in the company's Form 10-Q for the fiscal quarter ended March 31, 2002 filed with the Securities and Exchange Commission. The company undertakes no obligation to update these forward-looking statements at any time or for any reason.

About Business Objects

Business Objects is the world's leading provider of business intelligence (BI) solutions. Business intelligence lets organizations access, analyze, and share information internally with employees and externally with customers, suppliers, and partners. It helps organizations improve operational efficiency, build profitable customer relationships, and develop differentiated product offerings.

The company's products include BusinessObjects 2000, the industry's leading integrated business intelligence toolset and platform; and BusinessObjects Analytics, an integrated suite of enterprise analytic applications.

Business Objects pioneered the modern BI industry in 1990 by inventing a patented "semantic layer" that insulates users from the complexity of databases. In 1995, the company was first to focus on enterprise-scale BI deployments and today supports customers with more than 20,000 users. The company moved aggressively to the internet in 1997 by pioneering the market for BI extranets, a market that it continues to lead today. In 2000, the company delivered the industry's first interactive mobile BI solution. Today, Business Objects continues to innovate, creating and delivering a unique vision for enterprise analytic applications.

Business Objects has more than 15,500 customers in over 80 countries. The company's stock is publicly traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (Sicovam code 12074). It is included in the SBF 120 and IT CAC 50 French stock market indexes. Business Objects can be reached at 408-953-6000 and www.businessobjects.com.

Note to Editors: BusinessObjects is a trademark of Business Objects S.A. in the United States and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated.

Business Objects product inquiries should contact 800/527-0580.