| BORLAND INCREASES REVENUE AND EARNINGS IN FIRST QUARTER |
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Fourth Consecutive Quarter of Profitability SCOTTS VALLEY, CA (April 25, 2001) - Borland Software Corporation (Nasdaq NM: BORL) today announced its financial results for the first quarter ended March 31, 2001. For the first quarter, revenues increased 11 percent to $51.7 million from $46.5 million for the same quarter a year ago. Net income for the first quarter advanced to $5.9 million, or $0.08 per diluted share, compared with a net loss of $(1.1) million, or $(0.02) per share, for the first quarter of 2000. Excluding $1.5 million in non-recurring merger-related expenses associated with the terminated merger with Corel Corporation during the first quarter of last year, the company reported net income of $400,000, or $0.01 per diluted share. About Borland Inprise Corporation (referred to in this press release as Borland) is a leading provider of award-winning e-business application development, deployment and management solutions and services for all major platforms, including Linux®, Solaris™ and Windows®. Founded in 1983, Borland is headquartered in Scotts Valley, California, with operations worldwide. To learn more, visit the community site or call the company at (800) 632-2864. NOTE: Borland's product names are trademarks or registered trademarks of Inprise Corporation. Other names mentioned herein may be trademarks of the party using such names. Forward-looking statements in this release, including but not limited to, those concerning Borland's future financial performance, product development plans, and the potential features of or benefits to be derived from the products developed, marketed or sold by Borland, involve a number of uncertainties and risks, and actual events or results may differ materially. Factors that could cause actual events or results to differ materially include, among others, the following: Possible disruptive effects of organizational or personnel changes by Borland, shifts in customer demand, market acceptance of new or enhanced products developed, marketed or sold by Borland, delays in scheduled product availability dates, actions or announcements by competitors, software errors, general business conditions and market growth rates in the client/server and Internet software markets, and other factors described in the reports on Forms 10-K and 10-Q filed by Inprise Corporation with the SEC. |
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