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.



The following information was filed by Advent Software Inc (ADVS) on Thursday, February 1, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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