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Opsware Reports Results: Page 2 of 2

GAAP net loss in the first quarter was $(10.6) million or $(0.10) per share. Non-GAAP net loss in the first quarter excludes non-cash charges of approximately $3.7 million relating to previous acquisitions and $5.5 million of non-cash stock-based compensation. A reconciliation between net loss on GAAP and non-GAAP bases is provided in a table immediately following the Condensed Consolidated Statements of Operations attached to this release.

Cash flow from operations in the first quarter was $3.3 million.

“We are starting the year strong and I am pleased with our performance in Q1,” said Ben Horowitz, president and CEO of Opsware Inc. “Opsware continues to benefit from the predominant trends in enterprise software: virtualization, Linux, and services oriented architectures. The complexity of adopting these technologies creates strong demand for our data center automation suite. Our pipeline is up 50% from this time last quarter and we are on track to grow bookings by 60% this year.”

Opsware Inc.