Exhibit 99.1

CONTACT:
Graham Smith, Chief Financial Officer Advent Software, Inc. (415) 543-7696 gsmith@advent.com	Katherine Calvert, Public Relations Advent Software, Inc. (415) 645-1853 kcalvert@advent.com

 

Advent Reports Fourth Quarter Revenues of $50.2 Million and Record Annual Revenues of $184.1 Million

SAN FRANCISCO – February 1, 2007 –

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, announced today its financial results for the fourth quarter ended December 31, 2006.

“Advent had a phenomenal year in 2006, and we are very pleased to close it with such a strong fourth quarter,” said Stephanie DiMarco, Advent’s Chief Executive Officer.  “We executed well on every front – financial performance, sales, client support and satisfaction, product development and delivery, and our transition to a term license model.  The momentum we are building puts us in a position of unprecedented strength as we begin a new phase of growth for Advent.”

RESULTS

The Company reported total net revenues of $50.2 million for the fourth quarter of 2006, compared with $45.9 million in the third quarter of 2006 and $45.6 million in the fourth quarter of 2005.  Total revenues for the year ended December 31, 2006 were $184.1 million, compared with $168.7 million for the year ended December 31, 2005.

Total expenses, including cost of revenues, for the fourth quarter of 2006 were $52.4 million, compared with $45.5 million in the third quarter of 2006 and $43.4 million in the fourth quarter of 2005.  The fourth quarter of 2006 results included a $3.4 million restructuring charge related to the Company’s former headquarters facility.  Total expenses, including cost of revenues, for the year ended December 31, 2006 were $184.4 million, compared with $162.4 million for the year ended December 31, 2005.

Net income for the fourth quarter of 2006 was $76.6 million, $78.0 million of which represents a release of the valuation allowance against the company’s deferred tax assets.  This result compares to net income of $952,000 for the third quarter of 2006 and $3.6 million for the fourth quarter of 2005.  Net income for the year ended December 31, 2006 was $ 82.6 million, compared to net income of $14.1 million for 2005.