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BladeLogic Reports on Q1: Page 2 of 2

Non-GAAP adjusted income (loss) from operations and net income per share are non-GAAP financial measures that the Company’s management uses to evaluate the Company’s performance and for internal planning and forecasting purposes. In addition, many financial analysts that follow our Company focus on and publish both historical results and future projections based on non-GAAP financial measures. We believe that it is in the best interest of our investors to provide this information to analysts so that they accurately report the non- GAAP financial information. Moreover, investors have historically requested these non-GAAP financial measures as a means of providing consistent and comparable information with past reports of financial results. A reconciliation of the non-GAAP financial measures used in this release to the most comparable GAAP measure is included at the end of this press release.

“BladeLogic continues to capitalize on the strong demand for our leading data center automation software solutions resulting in strong revenue growth and continued positive cash flow from operations in our first fiscal quarter of 2008,” said Dev Ittycheria, BladeLogic’s president and CEO. “I am especially proud of the hard work of our employees worldwide in their support and execution of our growth strategy.”

BladeLogic Inc.