Press Releases - 2004

Best ever Quarter for IntelliPRINTPLUS suite.

Date: October 7th, 2004

Cybernet Software Systems, Inc. today announced its best quarterly financial performance in the company's history for the Lotus Notes product suite.

In the JAS quarter, IntelliPRINTPLUS, IntelliVIEW and PrintCAL registered a 40% increase from the last quarter and an increase of 32% when compared with JAS 2003.

PrintCAL, the solution to print highly presentable calendars from Lotus Notes, was launched this quarter, and has received rave reviews from users and media organizations. Our customers love it at first sight and this product is bound to increase revenue streams for CSS in subsequent quarters.

CSS added 51 new customers this quarter, the best ever in our history. All regions reported significant increase in revenues and customer addition.

Announcing the quarterly performance, Shiv Kumar, CEO told "We have seen increase in revenues from all regions where we operate. We are upbeat about our prospects in Europe and Asia Pacific. We continue our strong presence in US market. More than revenue, what's more satisfying is the profile of large customers that we have added and their positive feedback about the benefits from our solution suite."

IntelliPRINTPLUS for Domino and IntelliVIEW for Domino both reported significant increase in number of licenses sold. This illustrates the fact that more and more customers are web enabling their Lotus Notes databases.

Some of the important customer additions were Asian Development Bank, Housing Development Board of Singapore, ABM Inc, US General Services Administration, Electrolux, VWR International, Ambos EDV, TJ Group, Voiths Code and more.

CSS also significantly increased its headcount on the R&D and Sales function. The business prospects for OND quarter looks very promising.

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