Object Design, Inc. announced that it reported record financial results for the 1998 fiscal year. Object Design reported total revenues of $62.4 million for the 12 months ended December 31, 1998, up 32 percent from $47.3 million reported for the 12 months ended December 31, 1997. Software license revenues were $44.0 million for the 12 months ended December 31, 1998, up 31 percent from $33.6 million for the prior year. Net income for the 12 months ended December 31, 1998, was $4.8 million or $0.17 per share compared to $800,000 or $0.03 per share for the 12 months ended December 31, 1997. For the three months ended December 31, 1998, Object Design reported total revenues of $17.1 million, up 43 percent from $11.9 million for the same period last year. Software license revenues increased by 34 percent to $11.8 million for the three months ended December 31, 1998, from $8.8 million for the same period in 1997. Net income for the three months ended December 31, 1998, was $1.9 million or $0.06 per share, as compared to a net loss of $1.5 million or $0.05 per share for the same period last year.

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