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Mercury Interactive Reports Record Fourth Quarter and 2000 Results

Added: (Wed Jan 31 2001)

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Mercury Interactive Reports Record Fourth Quarter and 2000 Results

Announces Fourth Quarter Revenue of $97.5 million and EPS of $0.28

SUNNYVALE, Calif. - 29th January, 2001 -Mercury Interactive Corporation
(Nasdaq: MERQ), the leading provider of web performance management
solutions, has reported results for the fourth quarter and year ended
December 31, 2000.

Revenue for the fourth quarter of 2000 was $97.5 million, an increase of 62
percent, over the $60.1 million reported in the fourth quarter of 1999. Net
income of $25.8 million, or $0.28 per diluted share represents growth of 73
percent and 65 percent, respectively, compared to a pro forma net income of
$14.9 million, or $0.17 per diluted share for the same period in 1999. The
pro forma net income excludes the Conduct Ltd. merger related expenses of
$2.0 million in the fourth quarter of 1999.

For the year ended December 31, 2000, revenue was $307.0 million, a 64
percent increase over revenue of $187.7 million in 1999. Net income of $64.7
million, or $0.70 per diluted share represents growth of 86 percent and 71
percent, respectively, compared to a pro forma net income of $34.7 million,
or $0.41 per diluted share in 1999.

"Mercury Interactive's record fourth quarter results top another outstanding
year of accelerated growth," said Amnon Landan, Chairman, CEO and president
of Mercury Interactive. "Our dominance in the testing market, coupled with
the rapid growth in our application performance management and hosted
services businesses, makes Mercury Interactive uniquely positioned to
address the Internet infrastructure and application performance challenges
faced by Global 2000 corporations."

During the fourth quarter, Mercury Interactive announced both testing and
monitoring solutions for streaming media applications in partnership with
RealNetworks and Microsoft. In addition, Akamai agreed to resell Mercury
Interactive's hosted testing and monitoring services, extending its existing
partnership. Also, the company announced that it had performed over 1,000
hosted load tests using ActiveTest, delivering on average over 400%
improvement in web site performance.

About Mercury Interactive
Mercury Interactive is the leading provider of Web performance management
solutions which help E-Businesses deliver application performance,
reliability and a positive user experience for competitive advantage. The
company's performance management products and hosted services are open and
integrated to best test and monitor business-critical Web applications. More
than 10,000 B2B and B2C E-Businesses, ISPs, ASPs, systems integrators, and
consultants use Mercury Interactive solutions. Mercury Interactive is
headquartered in Sunnyvale, California and has 40 offices Worldwide, with
its UK HQ in Camberley, Surrey. More at www.mercuryinteractive.co.uk.

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For further information:
Fiona Tutton
Mercury Interactive (UK) Ltd.
410 Frimley Business Park
Camberley
Surrey
GU16 7ST, UK
Tel: +44 1276 808200
Fax: +44 1276 29134
E-mail: ftutton@mercury-eur.com
Web site: www.mercuryinteractive.co.uk

Press enquiries:
Tony Bovill
Consort PR Consultants Ltd.
Berrybridge House
Devenish Road
Sunningdale
Berkshire
SL5 9SH, UK
Tel: +44 1344 626171
Fax: +44 1344 626612
E-mail: tony@consortpr.co.uk
Web site: www.consortpr.co.uk

NB: This release may be downloaded from Consort's Web site at:
www.consortpr.co.uk/mercury.htm

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