UP2 Upwork Inc

At its meeting on April 29, the Supervisory Board of update software AG, one of Europe�s foremost providers of premium CRM solutions with headquarters in Vienna, announced the confirmed business figures for fiscal 2007. According to these figures, update saw its net income for the year surge by 45.2 percent to EUR 4.716 million. This is equivalent to earnings per share of EUR�0.42 (diluted). Compared with the year 2006, when earnings per share were EUR�0.31, this means a rise in earnings per share of 35.5 percent. Already announced in January, the company�s record-breaking revenues of EUR 32.538 million for 2007 � reflecting a rise by 39.3 percent against 2006 � have now been confirmed, as has operating income (EBIT) for 2007 of EUR 3.705 million. Given the consistently positive trend in profits, the Management Board of update software AG will for the first time propose a dividend of EUR 0.10 per share at the company�s 11th ordinary general meeting on June 11, 2008. �In view of the consistently good annual results over the last five years, we are pleased to be able in future to offer shareholders of update software AG a sustainable dividend policy, without swerving from our aggressive growth strategy or plans for further acquisitions,� said update CFO Monika Fiala of the dividend decision. CRM specialist update continued in an impressive manner its steep upwards trend also in the first quarter of 2008. Compared with the corresponding period one year before, update succeeded in increasing revenues in Q1/2008 by 40.2 percent to EUR 8.439 million, thereby posting the highest first-quarter revenues ever in the history of update software AG. Up by 25.5 percent versus Q1/2007, update�s licensing operations again accounted for a significant share of the excellent revenues in Q1/2008 � although the first quarter is traditionally the weakest quarter for the software sector. For any software producer, licensing operations are particularly important as an indication of the company�s fundamental health and agility. About update software AG Founded in Vienna in 1988, update software AG (www.update.com) is Europe�s leading provider of premium CRM solutions, with close to 300 employees and revenues of EUR 32.5 million in 2007. update software AG is listed on the Frankfurt Stock Exchange. Today, update products are used by more than 150,000 users at over 1,300 companies. References include, among others, 3M, American Express Bank und Finanzmanagement, the Advertisements Department of the BILD newspaper group, AstraZeneca, BAWAG P.S.K., Canon, DuPont, ESTAG, K�rcher, LBS Nord, MagnaSteyr, Pernod Ricard, ratiopharm, Saint-Gobain Isover, Sony Deutschland, UnicreditBank Hungary as well as Sparkasse Bremen and 200 other German savings banks. update software AG cooperates with companies such as Atos Origin, Hewlett Packard, Sensix and Steria Mummert Consulting. Disclaimer: No information published here constitutes a solicitation or offer, or recommendation, to buy or sell any investment products or investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. Nothing contained in this�publication constitutes financial, legal, tax or other advice, nor should any investment or any other decisions be made solely based on the content of this publication. You should obtain independent advice from a qualified expert before making any investment decision. There may be further possible local restrictions�on the use of material, information and products, e.g. for United Kingdom or USA.