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Medallia Announces Financial Results for 2002

PALO ALTO, CA—April 28, 2003—Medallia reported that revenues for the fiscal year ended December 31, 2002, were up 400% compared to the same period the previous year. “Revenues grew many times more than even our most optimistic projections,” said Medallia CEO Borge Hald. “It reflects the real traction we’re gaining in the marketplace.”