Munich, November 23th, 1998 – Centura Software Corporation (NASDQ:CNTR), a leading supplier of embedded databases and application development tools, today announced net income for the third quarter of 1998 of $1.1 million or 8% of revenue and $0.04 per diluted share. This compares with net income of $0.1 million in the third quarter of last year, or $0.01 per diluted share. This represents a 907% improvement in third quarter net income, over the same period for 1997. Net revenue was $14.1 million in the third quarter of 1998 compared with $13.7 million in the third quarter of 1997.

"We are pleased with our performance as reflected by our third quarter income, the year over year third quarter net revenue growth and the underlying invoicing growth. We view these results as continuing evidence that the Company is on track with its plans," says Scott Broomfield, CEO for Centura.

"I am especially happy with the performance in Central Europe, rebounding from a difficult second quarter to achieve one of the highest invoicing levels in the region’s history. International revenues accounted for 52% in the third quarter of 1998, compared to 49% in the second quarter of this year and 57% in the third quarter of 1997. I personally spent a good portion of the summer in Europe, meeting with existing, new and prospective customers and was pleased with how well they perceive our products and the direction in which the Company is headed. We added more than 100 new customers worldwide in the third quarter, providing further evidence of support for the Company’s products and strategy."

Recent accomplishments for the Company include the release of SQLBase Exchange, an advanced replication/synchronization connectivity product for multiple databases and the introduction of the demo version of the first relational database for smart cards. Significant strategic relationships announced during the third quarter include Centura’s partnership with Novell optimizing SQLBase for Netware 5.0 and Centura’s partnership with emWare, a leading provider of distributed device networking software. EmWare’s EMIT, bundled with Centura’s micro database and thin application server, will enable devices with 8 and 16 bit micro controllers to access corporate networks, directory services and business logic.

"We are delighted with our performance as indicated by our net income of $1.1 million for the quarter. In addition to it being the highest third quarter net income in the Company’s history, it is the first time since 1994 that third quarter net revenue exceeded that of second quarter," comments John Bowman, CFO for Centura. "Net revenue of $14.1 million grew by 8% over second quarter net revenue in 1998 and 3% over the same period in 1997. Deferred revenue balances were reduced by only $0.3 million in the third quarter of 1998 compared with $2.3 million in the third quarter of 1997, indicating a greater contribution in the third quarter from current business activity. Centura continued to generate positive cash flow as EBITDA was $1.7 million in third quarter 1998, an improvement of $2.6 million over the third quarter of 1997."

Since its inception in 1984, Centura Software, formerly Gupta, has been a technological leader in the development of tools and databases for the PC platform. Today, the company provides client/server and Web development systems, and its SQLBase is a powerful, PC-based relational database system, which — due to its minimal resource requirements — is especially suited for embedded databases. Centura Software has 26 worldwide locations; 120,000 developers and 1.5 million users work with Centura products. Website: www.centurasoft.com

More information: http://www.centurasoftware.com