Business Objects Ranked as Highest Independent Business Intelligence Vendor by Readers of DM Review; Company Listed Among Top 10 in the 2004 DM Review 100.

SAN JOSE, Calif. -- Business Objects (Nasdaq:BOBJ) (Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced that readers of DM Review have named Business Objects the highest ranked independent business intelligence vendor in the DM Review 100, the magazine's annual ranking of the best business intelligence companies. Business Objects is listed among the top ten, which includes IBM Corporation, Oracle Corporation, Microsoft Corporation, Hewlett-Packard Company, and Sun Microsystems, Inc.

"We are extremely pleased to once again be ranked among the top companies by readers of DM Review," said Bernard Liautaud, CEO of Business Objects. "This ranking clearly reflects our company's position as the leading innovator and provider of business intelligence software for organizations that want to improve enterprise performance. We provide business value to our customers around the world, who by using our products have generated millions of dollars in increased revenues and reduced costs. Our next major product release, BusinessObjects(TM) 11, will deliver complete platform integration across the entire product line, and provide exciting innovations that will make business intelligence available to a much broader set of people."

"Business Objects is among the top ten companies this year, which is an achievement indicative of their commitment to providing quality products for their customers," said Jean Schauer, editor in chief of DM Review. "We extend our congratulations to Business Objects, recognized by our readers as a leader in business intelligence. Clearly, Business Objects products are being used by our readers as key drivers within their organizations to improve information access and enterprise performance."

The DM Review 100 is based on the results of a product usage and vendor rating survey of DM Review readers conducted via the internet by The Gantry Group LLC., an independent strategic advisory firm. Survey respondents were presented with a questionnaire that examined vendors for product quality, market share, and customer satisfaction. Respondents were also asked to provide an overall satisfaction rating for each vendor selected based on expertise, service and support. The complete list of 2004 DM Review 100 award winners can be found at www.dmreview.com/awards/top100/2004. Winners will be featured in the December issue of DM Review.

About DM Review and Thomson Media

DM Review (www.dmreview.com) is recognized as the premier business intelligence, business performance management and data warehousing publication. For more than a decade, DM Review has provided thought-provoking and informative editorial covering strategic solutions for business intelligence, analytics, data warehousing and CRM across all major industries. DM Review's authors and columnists are internationally recognized experts in a variety of business intelligence fields. DM Review editorial provides both business and technology perspectives regarding issues, trends and solutions of interest to corporate executives and IT managers. DM Review is published by Thomson Media (www.thomsonmedia.com), a division of The Thomson Corporation and a leading provider of information, data and software tools for professionals in the financial services and related technologies markets.

About The Gantry Group, LLC

The Gantry Group is the only management consulting firm specializing in technology solution ROI assessment. The Gantry Group's ROI impact analyses are validated by primary market research to ensure accurate capture of the real value drivers and costs. With over 200 technology clients, 3,000 business process interviewers and profiles in their knowledge base, and more than 1,000 ROI business processes and value drivers modeled, Gantry offers its clients the greatest depth and breadth of ROI experience and invaluable objectivity.

About Business Objects

Business Objects is the world's leading business intelligence (BI) software company. Business intelligence enables organizations to track, understand, and manage enterprise performance. The company's solutions leverage the information that is stored in an array of corporate databases, enterprise resource planning (ERP), and customer relationship management (CRM) systems.

Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to gain visibility into their business, acquire and retain profitable customers, reduce costs, optimize the supply chain, increase productivity, and improve financial performance.

In December 2003, Business Objects completed the acquisition of Crystal Decisions, the leader in enterprise reporting. The combined product line includes software for reporting, query and analysis, performance management, analytic applications, and data integration. In addition, Business Objects offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has more than 29,000 customers in over 80 countries. The company's stock is traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (ISIN: FR0004026250 - BOB). 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 http://www.businessobjects.com.

Business Objects, the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, and Crystal Enterprise are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies in the United States and/or other countries.