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To: 2MAR$ who wrote (3)	7/23/2001 7:43:27 PM
From: 2MAR$	Read Replies (1) \| Respond to of 238

EMBT ( $20-$18) 2nd Quarter Results 2c vs even Company Achieves Revenue Growth of 61% and Pro Forma Net Income Growth of 46% over Prior Year Quarter SAN FRANCISCO--(BUSINESS WIRE)--July 23, 2001--Embarcadero Technologies, Inc. (Nasdaq:EMBT - news), a leading provider of database lifecycle management solutions, today announced financial results for the second quarter ended June 30, 2001. Total revenues for the second quarter increased 61 percent to $14.6 million from $9.1 million for the same period last year. Pro forma net income was $2.9 million for the quarter or $0.10 per share on a fully diluted basis, which exceeded Thomson Financial/First Call consensus estimates of $0.09 per share. For the corresponding quarter in 2000, pro forma net income was $2.0 million or $0.08 per share on a fully diluted basis. Pro forma reported numbers exclude the following non-cash items: amortization of deferred stock-based compensation, amortization of acquired technology and amortization of goodwill and other intangible assets. ``We're pleased with the financial results achieved during the second quarter, especially considering the challenges posed by unfavorable macroeconomic conditions in the U.S. and abroad,'' said Embarcadero CEO, Stephen Wong. ``In spite of a tighter capital spending environment, we achieved record revenues during the quarter while improving profitability and maintaining a strong balance sheet. During the quarter, we also strengthened our market position by delivering a number of important new products. These new products, which address important needs of our customers, can serve as a springboard for future growth.'' For the second quarter, license revenues increased 55 percent to $9.8 million from $6.3 million in the corresponding quarter a year ago. Maintenance revenues grew 75 percent to $4.8 million from $2.7 million for the same quarter last year. Including non-cash pro forma charges, actual net income available to common stockholders and fully diluted earnings per share for the second quarter ended June 30, 2001 were $558,000 and $0.02, respectively. This compares to net loss available to common stockholders of $(20,000) and $0.00 (break-even) earnings per share for the corresponding quarter of 2000. Conference Call Information Embarcadero will be discussing its second quarter 2001 results on a conference call today at 2:00 PM PST. A simultaneous Web cast of the conference call will be available on Embarcadero's website at www.Embarcadero.com under the ``Investor Relations'' section and at www.Streetfusion.com. The Web cast will remain archived through August 22, 2001 for replay. About Embarcadero Technologies Embarcadero Technologies, Inc. (Nasdaq: EMBT - news), is a leading provider of software solutions that enable organizations to build, optimize and manage databases and applications supporting today's critical enterprise systems. Thousands of customers, including 90 of the Fortune 100, use Embarcadero products to design, develop and administer their mission-critical database applications. Embarcadero is headquartered in San Francisco, Calif. For more information, call 415-834-3131 or visit embarcadero.com.