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Subject: OASIS MEMBER NEWS-WEBMETHODS ANNOUNCES RECORD FOURTH QUARTER REVENUE RESULTS
FOR IMMEDIATE RELEASE Investor Relations Contact: Media Contacts: Dave Spille Jennifer Tansey Bryan Scanlon webMethods, Inc. webMethods, Inc. Schwartz Communications, Inc. 703-460-5972 703-460-2554 781-684-0770 dspille@webMethods.com jtansey@webMethods.com webMethods@schwartz-pr.com WEBMETHODS ANNOUNCES RECORD FOURTH QUARTER REVENUE RESULTS Quarterly Total Revenues Increase 360% Year-over-Year and 81% Sequentially, Broad Adoption by Global 2000 Companies and Major Marketplaces Drive Strong Growth FAIRFAX, Va.--May 2, 2000-webMethods, Inc. (Nasdaq: WEBM), the leading provider of business-to-business integration (B2Bi) solutions, today announced record results for the fourth quarter ended March 31, 2000. Total revenues for the fiscal fourth quarter ended March 31, 2000, increased 360% to $10.4 million, compared to $2.3 million in the 1999 fourth quarter. The net loss for the fourth quarter 2000, excluding amortization of deferred stock compensation, was $6.3 million or $0.21 per share, which beat the First Call consensus estimate of a loss of $0.27 per share. For the 1999 corresponding period, the net loss was $0.9 million or $0.04 per share. Including amortization of deferred stock compensation and accrued dividends related to preferred stock, webMethods' net loss attributable to common shareholders for the fourth quarter 2000 was $8.2 million, or $0.28 per share, compared to a net loss attributable to common shareholders of $1.1 million, or $0.05 per share in the fourth quarter 1999. For the fiscal year ended March 31, 2000, total revenues increased 416% to $23.0 million, compared to $4.5 million for the fiscal year ended 1999. The net loss for the fiscal year 2000, excluding amortization of deferred stock compensation, was $16.4 million or $0.62 per share, compared to a net loss of $3.3 million or $0.13 per share for the prior year period. Including amortization of deferred stock compensation and accrued dividends related to preferred stock, webMethods' net loss attributable to common shareholders for the fiscal year 2000 was $28.4 million, or $1.08 per share, compared to a net loss attributable to common shareholders of $3.9 million, or $0.16 per share for the fiscal year ended 1999. All per share amounts are computed using the weighted average number of common shares outstanding, including the pro forma effects of the automatic conversion of the Company's preferred stock into shares of the Company's common stock upon the closing of the Company's initial public offering as if the conversion occurred on April 1, 1998, or the date of original issuance, if later. "Our results clearly demonstrate that Global 2000 companies and major marketplaces are making webMethods B2B the solution of choice for building out their B2B infrastructure," said Phillip Merrick, president and CEO of webMethods, Inc. "As the first-to-market with a B2Bi solution, webMethods' business is benefiting greatly from the growth in B2B e-commerce as illustrated in the number of new customers and the growing list of partnerships we signed during the last quarter." Operating Highlights: The following highlights have been announced since December 31, 1999: * Global 2000 companies select webMethods for B2Bi solutions: During the fourth quarter, webMethods added 36 new customers, bringing the total customer base to more than 160. In addition, webMethods secured additional Fortune 50 customers including Bell Atlantic and Lucent Technologies. During the quarter, the company also received orders from the following new and existing customers: 3Com, Apple, Best Buy, Cardinal Healthcare, Compaq, Eastman Chemical, FedEx, Hewlett-Packard, Hitachi Data Systems, Lands' End, Loyalty Partner, a subsidiary of Lufthansa, Philips Components, Staples.com and Stolt-Neilsen Transportation. * Major B2B Marketplaces Choose webMethods for B2Bi: webMethods was also selected by leading B2B marketplaces such as Buzzsaw.com, ChemConnect, CheMatch, SupplyFORCE.com, TPN Register and TotalMRO.com. Additionally, webMethods signed an agreement with Ventro to provide the B2B infrastructure for all of their marketplace subsidiaries, which currently includes Chemdex, Promedix, Broadlane, Industria and Amphira. * New and Expanded Partnerships Drive Growth: Through a new partnership with Commerce One and an expanded partnership with Ariba, webMethods B2B was selected as the preferred B2Bi solution for major suppliers connecting into these leading B2B marketplace initiatives. By providing the technology to power SAP's mySAP.com Marketplace and the SAP Business Connector, coupled with the partnerships with Ariba and Commerce One, webMethods is positioned to be the B2Bi solution of choice for many emerging trading exchanges. webMethods continued to work with systems integrator partners such as Deloitte Consulting, EDS and KPMG to provide joint customers with the leading B2Bi solution and the consulting expertise to implement powerful solutions that increase supply chain efficiencies, strengthen business relationships and maximize R.O.I. webMethods also signed new partnerships with SpaceWorks and WhitmanHart (now MarchFIRST). * webMethods Delivers New Products: The introduction of webMethods B2B for RosettaNet underscored webMethods' leadership in this strategic supply chain initiative for the IT and electronic components industries. By working with more than 50% of the companies who are currently developing RosettaNet based solutions, webMethods is clearly the market leader. webMethods has been selected by the following companies to provide their RosettaNet solutions: Avnet, Compaq, firstsource.com, Hewlett-Packard, Juniper Networks, NEC, SAP, Synnex and VEBA Electronics. During the quarter webMethods also delivered new integration modules to support Oracle Applications, IBM MQ Series and Active Software's ActiveWorks. About webMethods, Inc. webMethods, Inc. (Nasdaq: WEBM) is the leading provider of software solutions for business-to-business integration (B2Bi). Leveraging the open standards of the Internet, the award-winning webMethods B2B(tm) family of products provides the B2Bi infrastructure enabling Global 2000 companies and B2B marketplaces to connect customers, suppliers and partners to form real-time B2B trading networks. webMethods B2B allows companies to create new revenue opportunities, strengthen relationships with customers and substantially reduce supply chain inefficiencies. Founded in 1996, webMethods is based in Fairfax, Va., with offices across the U.S. and Europe. webMethods has more than 160 customers worldwide-from Global 2000 leaders such as Dell, Eastman Chemical Company, Lucent and W.W. Grainger to major B2B marketplaces like ChemConnect, e-STEEL and Ventro. webMethods' strategic partners include Ariba, Deloitte Consulting, EDS, KPMG, Microsoft, Sterling Commerce and SAP AG. More information about the company can be found at www.webMethods.com. ### webMethods and webMethods B2B are trademarks of webMethods, Inc. All other company and product names are property of their respective owners. This press release contains various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of the Company's recent Registration Statement on Form S-1, which is on file with the Securities and Exchange Commission. Scott McGrath Member Services Manager OASIS Organization for the Advancement of Structured Information Standards +1 978 667 5115 (US & Int'l Voice) +1 978 667 5114 (US and Int'l Fax) scott.mcgrath@oasis-open.org http://www.oasis-open.org OASIS PO Box 455 Billerica, MA 01821
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