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To: Lizzie Tudor who wrote (12489)	7/1/2002 10:44:30 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

washingtonpost.com

To: Lizzie Tudor who wrote (12489)	7/1/2002 11:41:15 PM
From: stockman_scott	Respond to of 57684

Business Objects Confirms Second Quarter Guidance SAN JOSE, Calif and PARIS, Jul 1, 2002 (BUSINESS WIRE) -- Business Objects (Nasdaq: BOBJ chart, msgs)(Euronext Paris Sicovam code 12074), the world's leading provider of business intelligence solutions, today announced it expects results for the second quarter ended June 30, 2002 to be within the range of its previously announced guidance of $108 to $110 million in revenue. In addition, the company announced that it will eliminate approximately 60 field positions in its European field operations, about 4 percent of its European workforce, in order to better align revenues and cost structure in Europe. "We are very pleased to have again met our guidance especially given the prevailing, tough economic environment," said Bernard Liautaud, chief executive officer of Business Objects. "Our performance in the Americas continues to be strong. However, economic conditions in Europe remain challenging, and we have therefore implemented a minor reduction of our European cost structure to better align revenues and expenses going forward. Eliminating these positions is a painful decision. I want to thank those who are affected for their contribution to the company." According to Liautaud, the company's second quarter results will include two offsetting non-operating items: a one-time charge for the European employment reduction and a gain, net of legal fees, from the initial payment related to the patent litigation settlement with Cognos, announced May 27, 2002. Excluding these two non-operating items, the company expects earnings per share to be in line with its previously announced guidance of $0.16 to $0.17.