SOURCE: Tidal Software

July 20, 2005 09:00 ET

Tidal Software Announces Record Results for Fiscal Year 2005

Fourth Quarter Sets Records for New Product Growth, New Customers, Revenue, and Profit

PALO ALTO, CA -- (MARKET WIRE) -- July 20, 2005 -- Continuing its string of record results, Tidal Software, a leading provider of application automation and performance management software products, today announced record revenue, profit, and new customer results for its fiscal fourth quarter and year ending June 30, 2005.

Its eighth consecutive quarter of profitability, Tidal's fourth quarter for fiscal 2005 was the largest in Tidal Software's history for both revenues and profits, achieving the company's FY'05 objectives for growth and profitability. Driven by a record number of new customers, sales for the quarter grew nearly 90% year over year. EBITDA profits on operations grew over 150% relative to the prior quarter. Overall, the results produced a third consecutive year of positive cash flow.

New product growth added significantly to the bottom line as new customers for Horizon™ for SAP® grew by more than 100% and its sales were up by over 150% from the prior quarter.

"With the introduction of our new product, Horizon™ for SAP®, and the addition of a record number of new customers, fiscal 2005 has been an exciting and rewarding year. We have grown, profitably, nearly three times faster than the market," said Flint Brenton, CEO and President, Tidal Software. "In addition, fiscal 2005 saw Tidal Software executing efficiently against a number of new initiatives. From strengthening our existing product lines to improving our customer service program, the company has succeeded in driving the business forward on multiple fronts. With this momentum in place, Tidal Software is well positioned to continue executing against our objectives and our plans for profitable growth."

Tidal's Horizon™ for SAP® is a new product released this fiscal year that automates SAP best practices for managing availability and performance, recommending a solution in the same way an expert SAP Administrator would. In addition to new customers including Lyondell Chemical Co., Paramount Pictures Corp. and Pharmascience Inc., existing customer Microsoft selected Tidal's Horizon solution for analyzing and proactively managing the performance of its SAP applications. During the quarter, Tidal released Horizon™ for SAP® version 1.5 which passed SAP Certified Integration with SAP NetWeaver™ and mySAP™ Business Suite.

Demand continued to increase for Tidal's job scheduling solution, Tidal Enterprise Scheduler™, which automates and integrates business processes across multiple applications and platforms. New customers for the fourth quarter included Astral Media Inc., Phoenix Newspapers Inc., and Clayton Technologies.

During the fiscal year, Tidal bolstered its technical support capabilities by expanding its Customer Care organization through the opening of another North American customer care center in Houston, Texas, as well as its first international Customer Care Center in London, England, to better serve the needs of its world wide installed base.

About Tidal Software

Tidal Software is a leading provider of application automation, integration, and management solutions. Tidal provides products that make applications such as SAP®, PeopleSoft®, and Oracle E-business Suite™ more efficient, productive, reliable, and secure, enabling them to return the business value that companies need to be successful. Tidal's software is used by many of the world's most advanced datacenters, including Microsoft, HP, General Mills, T-Mobile, Warner Brothers and Agilent. The privately held company is venture-funded by JPMorgan Partners, Novus Ventures and VantagePoint Venture Partners. For more information, contact Tidal Software at (650) 475-4700 or visit the company's web site at www.tidalsoftware.com.

The Tidal Software logo, Tidal Enterprise Scheduler, Tidal Horizon and Expert-in-a-Box are trademarks of Tidal Software, Inc. All other trademarks are those of their respective owners.

Contact Information

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    Tidal Software, Inc.
    (650) 475-4600 x x4610
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