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Hyperion Software confirms third quarter expectations.

STAMFORD, Conn.--(BUSINESS WIRE)--April 11, 1996 Hyperion(R) Software (NASDAQ: HYSW) reported today revenues of $36,856,000 and $114,214,000 for its third quarter and nine months ended March 31, 1996. Revenues rose 23% from $30,082,000 and 32% from $86,465,000 for the corresponding periods of the prior year. Net income for the quarter was $369,000 or $.02 per share, compared to $1,397,000 or $.08 per share for the same quarter of fiscal 1995. Hyperion had net income of $4,106,000, or $.23 per share for the nine months ended March 31, 1996. For the same period of the prior year, the company had net income of $5,279,000 or $.30 per share.

Delays in the closing of some large, multi-product sales in the third quarter contributed to slower than expected software sales growth. Other factors included a slower than planned reorientation of the sales force to a multi-product, complete financial solution approach, and delayed sales pending the release of Hyperion Enterprise release 4XA.

Hyperion Software, with $165 million in sales for the 12-month period ended March 1996, develops, markets and supports complete financial management and accounting solutions for large, multinational corporations. The company's client/server products include accounting, reporting, budgeting and analysis software. With more than 2,500 corporate customers, Hyperion Software's client base includes 65 percent of the Fortune 100 and over 50 percent of the Fortune 500 companies. A winner of the Inc./MCI Positive Performer's 1995 National Award, Hyperion Software is known for its exceptional customer service. The company is headquartered in Stamford, Connecticut.

Hyperion Software common stock trades on The Nasdaq Stock Market under the symbol HYSW. -0-
 Hyperion Software Corporation
 Consolidated Financial Data
 (In thousands, except per share data)

 Quarter Ended Nine Months Ended
 March 31, March 31,
 1996 1995 1996 1995

Statement of Income Data:
Software License Revenues $16,014 $15,316 $55,194 $44,987
Total Revenues 36,856 30,082 114,214 86,465
Cost of Revenues 14,383 9,791 40,697 27,257
Sales & Marketing Expenses 12,093 10,283 35,891 28,382
Product Development Expenses 6,478 5,471 18,847 14,606
General & Administrative Expenses 3,519 2,596 11,182 7,450
Net Income 369 1,397 4,106(a) 5,279(b)
Earnings Per Share .02 .08 .23(a) .30(b)

R&D Spending $8,078 $ 6,827 $ 23,345 $18,393

 March 31, June 30,
 1996 1995

Balance Sheet Data:
Cash & Cash Equivalents $ 31,121 $ 45,494
Accounts Receivable, Net 40,215 48,006
Working Capital 23,569 37,306
Total Assets 148,594 146,158
Mortgage Payable 8,472 8,910
Stockholders' Equity 83,049 71,706(a) Includes one-time charges relating to purchases of research and development, which had the effect of reducing net income by approximately $1,250 or $.07 per share.

(b) Includes nonrecurring merger and integration charges relating to the acquisition of Pillar Corporation, which had the effect of reducing net income by approximately $1,000 or $ .05 per share.

All share and per share data have been retroactively adjusted to reflect a 2-for-1 stock split effected in the form of a 100% stock dividend paid in December 1995. -0-

Hyperion, Financial Intelligence, Executive Forum, IMRS, Micro Control and OnRequest are registered trademarks and Hyperion Financials, Hyperion Enterprise, Hyperion Pillar, Hyperion Analyst, Hyperion OLAP, Hyperion Connect, Hyperion Retrieve, Hyperion Reporting, Hyperion Forms, Hyperion OnTrack, Hyperion Ledger, Hyperion Payables, Hyperion Admin, Hyperion Tools, Hyperion Purchasing, Hyperion Receivables, Hyperion Assets, Hyperion Software, Conversion Catalyst and LedgerLink are trademarks of the company. FYPlan and Pillar are registered trademarks and FYControl is a trademark of Hyperion Software, Pillar Group Inc., a wholly-owned subsidiary of the company. All other trademarks and company names mentioned are the property of their respective owners.

For further information, refer to the IMRS Inc. (d/b/a Hyperion Software) annual report on Form 10-K for the year ended June 30, 1995, as well as the company's registration statement on Form S-3 declared effective January 18, 1995.

CONTACT: Lucy Ricciardi

Michael Manto

COPYRIGHT 1996 Business Wire
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Publication:Business Wire
Date:Apr 11, 1996

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