SOURCE: Chordiant Software, Inc.

March 29, 2005 17:22 ET

Chordiant Files Transition Report on Form 10-K/T for the Fiscal Year Ended September 30, 2004

CUPERTINO, CA -- (MARKET WIRE) -- March 29, 2005 -- Chordiant Software, Inc. (NASDAQ: CHRDE) today announced that it has filed its Transition Report on Form 10-K/T for the fiscal year ended September 30, 2004, with the Securities and Exchange Commission (SEC) and that it had completed its restatement of financial results for the quarters ended March 31, 2004; June 30, 2004; and September 30, 2004.

The Company's assessment of the impact of the errors for the quarters ended March 31, 2004; June 30, 2004; September 30, 2004; and the year ended September 30, 2004, is expressed in the percentage adjustments (other than EPS) identified in Exhibit A. The restated results were reflected in the Company's Transition Report on Form 10-K/T for the year ended September 30, 2004.

                              Exhibit A

                         RESTATEMENT SUMMARY

                    Nine Months  Three Months  Three Months  Three Months
                       Ended         Ended         Ended         Ended
                   September 30, September 30,   June 30,      March 31,
                       2004          2004          2004          2004
                   % Adjustment  % Adjustment  % Adjustment  % Adjustment
                   (except EPS)  (except EPS)  (except EPS)  (except EPS)
                   ------------  ------------  ------------  ------------
Total Revenues         < 1  %        < 1  %       < (1) %        < 1  %
Total Cost of
 Revenues              < 1  %          4  %       < (1) %       < (1) %
Total Operating
 Expenses             < (1) %       < (1) %         (2) %        < 1  %
Net Income (loss)       28  %          2  %         12  %        (17) %
Earnings (loss)
 per share:
  Basic               $0.00         $0.00         $0.00        ($0.01)
  Diluted             $0.00         $0.00         $0.00        ($0.01)
About Chordiant Software, Inc.

Chordiant Software automates the end-to-end operational business processes that enable the business from the back-office systems, existing applications and processes through to the communications with customers.

Chordiant Solutions combine powerful business process management technology with your business processes for multi-channel applications in marketing, decision management, the contact center, and retail channels, including self-service. The solutions provide end-to-end, process-driven applications, encompassing a single view of the customer, delivered through a role-based desktop. The solutions integrate with existing systems and data thereby leveraging current assets. Chordiant Services enable rapid and successful implementations by reducing risk, increasing return on assets and lowering total cost of ownership.

Headquartered in Cupertino, California, Chordiant maintains offices in Boston; Mahwah, N.J.; Manchester, N.H.; New York City; London; Paris; Amsterdam; and Munich.

Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

Contact Information