FOR IMMEDIATE RELEASE
BAAN COMPANY REPORTS FIRST QUARTER 2000 RESULTS
MOVES FORWARD WITH AGGRESSIVE COST CONTROL PROGRAM, RENEWED
BUILDING ON ITS B2B LEADERSHIP POSITION
BARNEVELD, THE NETHERLANDS AND HERNDON, VIRGINIA, USA - APRIL 20, 2000 - Baan
Company N.V. (NASDAQ: BAANF; ASE: BAAN) today announced results for the first quarter ended March
31, 2000. The net loss for the first quarter 2000 was ($26) million, or ($.11) per diluted share, as compared to a
net loss of ($19) million, or ($.09) per diluted share, reported in the first quarter 1999.
"Baan began this quarter by addressing several key challenges, including the departure of our then CEO and
CFO in early January--obviously this was not a representative quarter for Baan," commented Interim CEO Pierre
Everaert. "Despite this adversity, we remained committed to refining our core business strategy, product
development, and support of our broad customer base."
Total revenues for the first quarter were $106 million, as compared to $176 million for the first quarter 1999.
License revenues were $27 million, as compared to $65 million for the same quarter last year. Maintenance and
service revenues were $79 million, as compared to $111 million in the first quarter of 1999. Maintenance
revenues were $41 million, a 17% increase over the same period in 1999. Total cost of revenues and operating
expenses were $181, as compared to $202 million for the first quarter of 1999.
Cash and marketable securities balances on March 31, 2000 were $161 million, up from $126 million for the
same quarter in 1999. Accounts receivable balances closed at $141, down from $241 million as of March 31,
1999. The Company has no short-term borrowings outstanding.
The 2000 first quarter net loss of ($26) million includes the $31 million gain from the successful sale of CODA,
the $20 million gain from the sale of Baan's Meta4 stakeholding, and ($2) million of net interest expense.
"Despite the management changes