update software AG: supervisory board confirms 2006 audited financial statements

Ad-hoc release according to §15 WpHG 

Annual Results / Others
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Vienna, Frankfurt, 25 April 2007 +++ update software AG, a leading CRM solutions provider listed on the Frankfurt stock exchange, has released its 2006 audited financial statements, which were confirmed by the company’s supervisory board in its meeting today.

Record highs in the 2006 financial year have been confirmed
The audited net profit for 2006 totalled EUR 3.248 million, which corresponds to earnings per share of EUR 0.31 (basic and diluted). Compared to 2005 net profit increased by 13.0% (2005: EUR 2.874 million) and earnings per share by 10.7% (2005: EUR 0.28 per share). In the financial year just ended, deferred taxes in the amount of EUR 0.990 million were capitalised since the continued positive development of update’s business allows the company to assume that the accrued loss carry-forwards will be used. As a result, audited equity increased and totalled EUR 16.036 million as of 31 December 2006; the preliminary equity balance reported in January was EUR 14.942 million (up 31.1% from the balance on 31 December 2005).

The 25.6% increase in sales revenue to EUR 23.366 million reported on 24 January 2007 as well as EBIT in the amount of EUR 2.439 million were also confirmed.

The audited annual report will be commented on in detail by the board of management at the ordinary shareholders‘ meeting on 26 June 2007.

For further information please contact Ms. Monika Fiala, CFO & Investor Relations, phone: +43 1 878 55 - 0, fax: +43 1 878 55 - 505; e-mail: investor.relations@update.com

IR Contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna
Phone: +43 1 878 55 512
Fax: +43 1 878 55 505

This is a translation from German into English.