Microsoft and Hyperion Collaborate on Business Intelligence Solutions

REDMOND, Wash., LAS VEGAS, and SANTA CLARA, Calif. — April 25, 2006 — Microsoft Corp. and Hyperion (Nasdaq: HYSL) today announced plans to integrate their respective business intelligence (BI) solutions to enable customers to make the most of their existing IT investments through improved interoperability between the companies’ technologies. Collaboration plans include four initiatives that integrate Microsoft® SQL Server™ 2005 technologies — including SQL Server 2005 Reporting Services, SQL Server 2005 Analysis Services and SQL Server 2005 Integration Services — with Hyperion System 9 BI+, a key part of Hyperion’s business performance management (BPM) solution. The announcement was made at Solutions 2006, Hyperion’s global BPM conference, taking place in Las Vegas April 23–26.

“We continue to hear from customers that the need for increased interoperability is significant in making the most of existing IT investments,” said Robert Bernard, general manager of the Global ISV Group at Microsoft. “Microsoft is committed to its expansive partner network building on the Microsoft platform and to continuing to form strong relationships with our global independent software vendors (ISVs) to benefit our mutual customers. Hyperion is a leader in BPM, and we’re looking forward to the opportunities this collaboration will bring to enterprise customers.”

Microsoft and Hyperion are committed to broadening the reach of business intelligence by providing an easy and integrated user experience for accessing and working with business information so decision-makers at all levels in an organization can make more-informed decisions and drive better performance. The goal is to reach every individual, add value to every decision, and help organizations align people and initiatives to business strategy. This strategic alliance continues the collaboration between Hyperion and Microsoft to provide increased value to their extensive joint customer base. Users will benefit by combining reports and data from both Hyperion and Microsoft data sources into a unified enterprise view that leverages their preferred delivery and analysis tools.

“We share with Microsoft a passion to provide our customers with the easiest possible access to the information they need to do their jobs,” said Howard Dresner, chief strategy officer for Hyperion. “By integrating our leading BPM technology with Microsoft technology, we accelerate our ability to help our customers achieve information democracy — a state in which actionable insight is in the hands of all — across their enterprises.”

The collaboration will ultimately enable broader deployment of complementary BI solutions from Hyperion and Microsoft to customers that have adopted components of each. Specifically, Hyperion customers will be able to use SQL Server Reporting Services to access Hyperion System 9 BI+ Essbase Analytics, and also will be able to display Microsoft reports in the Hyperion System 9 Workspace environment. In addition, Microsoft customers will be able to access SQL Server Analysis Services data using Hyperion System 9 BI+. Also, Hyperion System 9 will leverage SQL Server Integration Services for data access.

About Hyperion

Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 11,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organize and analyze it, then communicate it across the enterprise. Hyperion offers the industry’s only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system.

Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company’s innovative and specialized solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005, and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Safe Harbor Statement

Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the Hyperion’s ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand and technological shifts. For a more detailed discussion of factors that could affect the company’s performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company’s filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on August 31, 2005 and the report on Form 10-Q filed on Feb. 8, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

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