update software AG confirms the increase of annual net profit by 45.2% to EUR 4.7 million

After record results, Executive Board suggests dividend of EUR 0.10 per share for the first time

Vienna/Frankfurt, April 30, 2008 +++ The Supervisory Board of update software AG, one of the leading European producers of CRM solutions headquartered in Vienna, announced the confirmed numbers for the fiscal year 2007 in its meeting on April 29. According to these figures, update was able to increase its annual net profit by 45.2% to EUR 4.716 million -- this corresponds to a profit per share of EUR 0.42 percent (diluted). As compared to 2006, when the profit per share was EUR 0.31, this represents a profit increase of 35.5% per share. The record sales reported in January of EUR 32.538 million for fiscal 2007 -- an increase of 39.3% as compared to 2006 -- was confirmed as was the EBIT for 2007 in the amount of EUR 3.705 million. Given these lasting profits, the Executive Board of update software AG will, in the 11th annual general meeting on June 11, 2008, suggest a dividend of EUR 0.10 per share for the first time.

"Based on the continuing good annual results in the last five years, we are pleased to be able to offer the shareholders of update software AG a sustainable dividend policy without having to move away from our aggressive growth strategy and additional planned acquisitions," comments update CFO Monika Fiala about the dividend decision. The CRM specialist update has also continued its sharp upward trend in the first quarter of 2008. As compared to the same quarter in the previous year, update was able to increase sales in Q1/2008 by 40.2% to EUR 8.439 million, thus achieving the highest sales ever in the history of update software AG for a first quarter. The excellent sales in Q1/2008 - typically the weakest quarter for the software industry -- were due largely to license sales: at update, these increased by 25.5% as compared to Q1/2007. For a software producer, precisely the license sales are an especially important indicator of the fundamental health and agility of the company.
 

About update software AG

update software AG ( www.update.com) was established in 1988 in Vienna, and with nearly 300 employees and sales of EUR 32.5 million in 2007 is one of the leading European suppliers of premium CRM solutions. update software AG is listed on the German stock exchange in Frankfurt am Main. update’s products are used by more than 1,300 companies with more than 150,000 users. update’s customers include, among others, 3M, American Express Bank and Financial Management, the advertising department of the newspaper group BILD, AstraZeneca, BAWAG P.S.K., Canon, DuPont, ESTAG, Kärcher, LBS Nord, MagnaSteyr, Pernod Ricard, ratiopharm, Saint-Gobain Isover, Sony Deutschland, UnicreditBank Hungary as well as the Sparkasse Bremen and 200 other German savings banks. update has strategic partnerships with companies such as Atos Origin, Hewlett Packard, Sensix, and Steria Mummert Consulting.

IR contact:		PR agency:
update software AG		Möller Horcher Public Relations GmbH
Mag. Andreas Mössner		Gabriele Horcher
Operngasse 17-21		Ludwigstr. 74
A-1040 Vienna		D-63067 Offenbach/Main
Tel.: +43 (0)1-87855-512		Tel.: +49 (0)69-809096-52
Fax: +43 (0)1-87855-9512		Fax: +49 (0)69-809096-59
andreas.moessner@update.com		gabriele.horcher@moeller-horcher.de
www.update.com		www.moeller-horcher.de