SANTA CLARA, Calif., Dec. 6, 2004 -- Hyperion (NASDAQ:HYSL), the global leader in Business Performance Management software, today announced that agribusiness giant J.R. Simplot has implemented Hyperion Performance Suite to deliver powerful and easy-to-use analysis and reporting functionality to its food and agribusiness divisions. Featuring enterprise-class web delivery and complete support for heterogeneous environments, Hyperion Performance Suite includes graphical, interactive dashboards and integrated enterprise reporting.

J.R. Simplot undertook the upgrade to its analysis and reporting functionality in conjunction with its new PeopleSoft ERP implementation. A long-time user of the now Hyperion-owned Brio 6.6, J.R. Simplot recognized that they needed to upgrade to Hyperion Performance Suite 8.2 to not only increase the flexibility as well as the depth of reporting and analysis they already had, but also leverage the power of its new PeopleSoft ERP system.

Among the benefits of the Hyperion implementation are the solution's flexibility and ease of use. Hyperion Performance Suite allows users to create mobile reports and distribute them as needed. This capability makes it possible for users to take their reports on the road and show the data to customers. While users in the Agribusiness division operate in a more centralized and structured reporting environment, many users in the Food group leverage Hyperion Performance Suite's features for creating their own reports. In fact, the Food group, the largest division in the company, now uses Hyperion Performance Solution as its ad-hoc reporting standard.

"Hyperion Performance Suite 8.2 meets both power users' and novice users' needs. It allows power users to analyze data using different views, dimensions or measures and drill down to the next level of detail for more valuable business insights. In parallel, it allows novice users to prepare reports with the push of a button," said John Schutt, manager of data integration at J.R. Simplot. "Now, our business users are confident that everybody else in the department is sharing the same version of the truth."

The company reports that IT support has been reduced as a result of the migration to Hyperion Performance Suite 8.2.

"Implementing the Hyperion product has made business users more autonomous, allowing the IT department to spend less time on support and more time on development. Now, most of our users can do their own tailoring, especially for variations on reports that already exist," said Brian Garland, applications analyst with J.R. Simplot. "We think of Hyperion Performance Suite as a product for leveraging the maximum benefit from the IT staff as well as providing an easy-to-use reporting and analysis service to our users."

"Having a rich enterprise reporting environment provides benefits in terms of speed, flexibility and training," said Rich Clayton, vice president of product marketing at Hyperion. "Ultimately, Hyperion Performance Suite can help to differentiate J.R. Simplot from its competition by decreasing costs and enhancing service."

About Hyperion

Hyperion is the global leader in Business Performance Management software. More than 9,000 customers -- including 91 of the Fortune 100 -- rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company's innovative and specialized solutions and services.

Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com, www.hyperion.com/contactus or call 800-286-8000 (U.S. only).

Safe Harbor Statement

Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 13, 2004 and the report on Form 10-Q filed on November 9, 2004. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

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Hyperion
Barbara Maigret, 408-588-8729
barbara_maigret@hyperion.com