Exhibit 99.1

UNIFY REPORTS FOURTH QUARTER AND
YEAR END FISCAL 2008 FINANCIAL RESULTS

- Fiscal 2008 Revenue Increases 77% Over 2007
- Net Income of $1.6 Million, EPS of $0.23 for 2008
- Generates Operating Cash Flow of $3.3 Million in 2008
- Provides Fiscal 2009 Guidance

SACRAMENTO, Calif., June 24, 2008 – Unify Corp. (OTC BB: UFYC), a global provider of application modernization software, today announced financial results for its fiscal fourth quarter 2008 and year-ended April 30, 2008.

Fiscal Fourth Quarter Financial Results:

The Company reported total revenues in the fourth quarter of fiscal 2008 of $5.1 million, up 28%, compared to $4.0 million in the fourth quarter of fiscal 2007. Software licenses revenue increased 26% to $2.2 million, compared to $1.7 for the fiscal fourth quarter in 2007. Services revenue was up 30% to $2.9 million, compared to $2.2 million for the same quarter of the prior year.

Gross margin was 89%, compared to 91%, for the fourth quarter of last year. Fourth quarter income from operations was $245,000, compared to a loss from operations of $281,000 for the fourth quarter of fiscal 2007. Net income was $77,000 or $0.01 per share for the fourth quarter of fiscal 2008 compared to a net loss of $584,000 or $0.10 loss per share in the fourth quarter of fiscal 2007. Included in the fiscal 2008 fourth quarter’s operating results is a $276,000 charge for costs related to the closure of the Company’s German subsidiary.

Non-GAAP net income for the quarter was $606,000 or $0.08 per share, compared to a non-GAAP net loss of $279,000 or $0.05 loss per share in the same quarter of last year. In addition to the closure of the German subsidiary, the fourth quarter’s operating expenses included approximately $100,000 for Sarbanes – Oxley compliance consulting and over $150,000 in year-end royalty and performance-based compensation adjustments.

Adjusted EBITDA for the fourth quarter was $785,000 compared to negative $44,000 last year.

Fiscal 2008 Financial Results:

For fiscal 2008, the Company reported total revenues of $19.8 million, up 77% as a result of organic and acquisition related growth, compared to $11.2 million for fiscal 2007. Software licenses revenue for fiscal 2008 increased 93% to $8.5 million, compared to $4.4 million for fiscal 2007. Services revenue was up 67%, to $11.3 million, compared to $6.8 million for the prior year.

Gross margin increased to 92% compared to 87% in fiscal 2007. Income from operations was $2.7 million, including the $276,000 charge for costs related to the closure of the Company’s German subsidiary during the fourth quarter, compared to a loss from operations of $888,000 for fiscal 2007.

5


The following information was filed by Daegis Inc. (DAEG) on Wednesday, June 25, 2008 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.

View differences made from one year to another to evaluate Daegis Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Daegis Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account