E.piphany Announces Preliminary First Quarter Results

Company Also Announces Voluntary Stock Option Exchange Program

For Non-Executive Employees



Apr 02, 2001, 01:00 ET from E.piphany, Inc.

    SAN MATEO, Calif., April 2 /PRNewswire/ -- E.piphany, Inc. (Nasdaq:   EPNY)
 today announced preliminary financial results for the first quarter ended
 March 31, 2001.  Based on preliminary information, revenues for the quarter
 will be approximately $38 million, and net loss for the quarter excluding the
 amortization of goodwill and stock-based compensation could be as much as
 $(0.40) per share.  In the first quarter of 2000, the company reported
 $14.4 million in revenues and net loss of $(0.11) per share.
     "The shortfall is primarily due to longer sales cycles caused by the
 continuing economic uncertainty in North American markets," said Roger Siboni,
 president and chief executive officer.  "Customers are continuing to view CRM
 software as a strategic component of their IT infrastructure, but delays in
 spending have resulted in lower visibility for the second quarter and full
 year.  Nevertheless, at this time, the strength of our balance sheet, the
 quality of our new and existing customers, and our current pipeline activity
 gives us confidence in the long-term health of our business, and we remain
 committed to achieving profitability in the fourth quarter of 2001."
     The company also announced today a voluntary stock option exchange program
 for all of its non-executive employees.  E.piphany employees will have the
 opportunity to cancel previously granted options in exchange for an equal
 number of new options to be granted on a specified future date.  The exercise
 price of these new options will be set at the fair market value of the
 Company's common stock as of the new grant date, which is expected to occur
 later this year.
     E.piphany will host a conference call today to discuss the preliminary
 results.  The call will begin at 2:30 p.m. Pacific time, and can be accessed
 by dialing 706-634-5544.  There will be a live webcast of the call available
 at the company's website at www.epiphany.com.  A replay will be available via
 webcast on the investor relations section of the company's website, or by
 calling domestically 800-642-1687 or internationally 706-645-9291 and
 referencing call #325745.  E.piphany's regularly scheduled earnings call will
 take place on Wednesday, April 18.
     This press release contains forward-looking statements relating to future
 visibility for the second quarter and full year, the long-term health of
 E.piphany's business and commitment to achieving profitability in the fourth
 quarter.  Actual results could differ materially from such forward-looking
 statements.  Factors that could cause actual results to differ materially
 include delays in the development and release of new U.S. and international
 versions of E.piphany's products, difficulties in assimilating recently
 acquired companies, increases in E.piphany's sales cycles, intense competition
 including the introduction of new products and services by competitors,
 ability to hire and retain qualified personnel, and worsening general economic
 conditions.  These factors and others are described in more detail in the
 Company's public reports filed with the Securities and Exchange Commission,
 such as those discussed in the "Risk Factors" section included in the
 Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
 
     About E.piphany
     E.piphany is the leading provider of intelligent customer interaction
 software for the Customer Economy.  By providing an integrated suite of
 software solutions, E.piphany E.5 blends web-based analytic and operational
 CRM to unify all inbound and outbound marketing, sales and service customer
 interactions.  E.piphany E.5 enables a single, enterprise-wide view of each
 customer to help global businesses better understand and proactively serve
 customers in real time.  With worldwide headquarters in San Mateo, California,
 E.piphany has regional operations and offices throughout the U.S., Europe,
 Asia Pacific and Latin America.
 
 

SOURCE E.piphany, Inc.
    SAN MATEO, Calif., April 2 /PRNewswire/ -- E.piphany, Inc. (Nasdaq:   EPNY)
 today announced preliminary financial results for the first quarter ended
 March 31, 2001.  Based on preliminary information, revenues for the quarter
 will be approximately $38 million, and net loss for the quarter excluding the
 amortization of goodwill and stock-based compensation could be as much as
 $(0.40) per share.  In the first quarter of 2000, the company reported
 $14.4 million in revenues and net loss of $(0.11) per share.
     "The shortfall is primarily due to longer sales cycles caused by the
 continuing economic uncertainty in North American markets," said Roger Siboni,
 president and chief executive officer.  "Customers are continuing to view CRM
 software as a strategic component of their IT infrastructure, but delays in
 spending have resulted in lower visibility for the second quarter and full
 year.  Nevertheless, at this time, the strength of our balance sheet, the
 quality of our new and existing customers, and our current pipeline activity
 gives us confidence in the long-term health of our business, and we remain
 committed to achieving profitability in the fourth quarter of 2001."
     The company also announced today a voluntary stock option exchange program
 for all of its non-executive employees.  E.piphany employees will have the
 opportunity to cancel previously granted options in exchange for an equal
 number of new options to be granted on a specified future date.  The exercise
 price of these new options will be set at the fair market value of the
 Company's common stock as of the new grant date, which is expected to occur
 later this year.
     E.piphany will host a conference call today to discuss the preliminary
 results.  The call will begin at 2:30 p.m. Pacific time, and can be accessed
 by dialing 706-634-5544.  There will be a live webcast of the call available
 at the company's website at www.epiphany.com.  A replay will be available via
 webcast on the investor relations section of the company's website, or by
 calling domestically 800-642-1687 or internationally 706-645-9291 and
 referencing call #325745.  E.piphany's regularly scheduled earnings call will
 take place on Wednesday, April 18.
     This press release contains forward-looking statements relating to future
 visibility for the second quarter and full year, the long-term health of
 E.piphany's business and commitment to achieving profitability in the fourth
 quarter.  Actual results could differ materially from such forward-looking
 statements.  Factors that could cause actual results to differ materially
 include delays in the development and release of new U.S. and international
 versions of E.piphany's products, difficulties in assimilating recently
 acquired companies, increases in E.piphany's sales cycles, intense competition
 including the introduction of new products and services by competitors,
 ability to hire and retain qualified personnel, and worsening general economic
 conditions.  These factors and others are described in more detail in the
 Company's public reports filed with the Securities and Exchange Commission,
 such as those discussed in the "Risk Factors" section included in the
 Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
 
     About E.piphany
     E.piphany is the leading provider of intelligent customer interaction
 software for the Customer Economy.  By providing an integrated suite of
 software solutions, E.piphany E.5 blends web-based analytic and operational
 CRM to unify all inbound and outbound marketing, sales and service customer
 interactions.  E.piphany E.5 enables a single, enterprise-wide view of each
 customer to help global businesses better understand and proactively serve
 customers in real time.  With worldwide headquarters in San Mateo, California,
 E.piphany has regional operations and offices throughout the U.S., Europe,
 Asia Pacific and Latin America.
 
 SOURCE  E.piphany, Inc.