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Medallia Announces Financial Results for 2003

MENLO PARK, CA—July 28, 2004—Medallia reported that it achieved full-year profitability in the fiscal year ended December 31, 2003, and that revenues increased more than 600% from fiscal year 2002 to 2003. “The results are excellent,” said Medallia CFO Amy Pressman. ”Once again we far exceeded our revenue estimates. It’s an understatement to say that we are thrilled.” When asked to explain the phenomenal results, Pressman said: “We are uniquely positioned to help companies win the battle for the customer by leveraging technology. It shows in our rapid growth.”