Hyperion Reports Record Revenues in Fiscal Third Quarter; Software License Revenues Increase 30 Percent - Company Financial Information

Edge: Work-Group Computing Report, May 1, 2000

                Hyperion Solutions Corporation
                  Consolidated Balance Sheet
             (in thousands, except per share data)

                                             March 31,   June 30,
                                              2000        1999
                                          ------------------------
Assets:
Current assets:
   Cash and cash equivalents                $250,381    $233,515
   Short-term investments                     37,610      38,341
   Accounts receivable--net of
allowances of $12,900 and $11,800            138,077     110,744
   Prepaid expenses and other current assets  16,056       6,290
   Deferred income taxes                       9,362      10,386
                                          ------------------------
Total current assets                         451,486     399,276

Property and equipment--at cost,
 less accumulated depreciation
 and amortization of $83,265 and $65,444      68,740      75,456
Acquired technologies, goodwill and
 other intangible assets--at cost,less
 accumulated amortization of $22,813
 and $17,186                                  23,617      26,522
Other assets                                  15,216      11,640
                                          ------------------------
Total assets                                $559,059    $512,894
                                          ========================

Liabilities and stockholders' equity:
Current liabilities:
   Accounts payable and accrued expenses   $  41,585   $  55,012
   Accrued employee compensation and benefits 27,603      29,920
   Income taxes payable                                    2,345
   Deferred revenue                           90,135      81,089
                                          ------------------------
Total current liabilities                    159,323     168,366

Long-term debt                               102,562     103,752

Stockholders' equity:
   Preferred stock--$.001 par value;
    5,000 shares authorized; none issued
   Common stock--$.001 par value;
    300,000 shares authorized; 32,375 and 30,842
 shares issued and outstanding                    32          31
   Additional paid-in capital                191,795     153,545
   Retained earnings                         110,628      90,917
   Currency translation adjustments           (5,281)     (3,717)
                                          ------------------------
Total stockholders' equity                   297,174     240,776
                                          ------------------------
Total liabilities and stockholders' equity  $559,059    $512,894
                                          ========================

                Hyperion Solutions Corporation
               Consolidated Statement of Income
             (in thousands, except per share data)

                          Three Months Ended   Nine Months Ended
                                March 31,            March 31,
                             2000      1999        2000       1999
                        --------------------- --------------------
Revenues
   Software licenses     $ 62,192  $ 48,024   $ 164,333  $ 153,614
   Maintenance and services63,606    53,622     184,508    159,872
                        --------------------- --------------------
Total revenues            125,798   101,646     348,841    313,486
                        --------------------- --------------------

Costs and expenses
 Cost of revenues:
   Software licenses        1,760     1,383       4,761      5,920
   Maintenance and services34,772    28,871      96,896     85,113
Sales and marketing        49,851    41,936     136,768    120,304
Research and development   17,912    16,579      50,874     46,845
General and administrative 10,959     9,953      31,719     28,039
Merger costs (credits)                             (305)    21,800
Restructuring charge        2,066                 2,066
                        --------------------- --------------------
                          117,320    98,722     322,779    308,021
                        --------------------- --------------------
Operating income            8,478     2,924      26,062      5,465

Interest income             3,365     2,556       9,346      8,444
Interest expense           (1,430)   (1,351)     (4,097)    (3,965)
                        --------------------- --------------------
Income before income taxes 10,413     4,129      31,311      9,944

Provision for income taxes  3,800     1,550      11,600      8,650
                        --------------------- --------------------
Net income              $   6,613  $  2,579    $ 19,711 $    1,294
                        ===================== ====================

Earnings per share
   Basic                     $.21      $.09       $.63        $.04
   Diluted                   $.19      $.08       $.62        $.04

Average number of
 shares outstanding
   Basic                   32,042    30,337      31,384     30,043
   Diluted                 34,558    30,728      32,016     30,823