Press Release 2000 - OPNET Reports 76% Revenue Growth for Q2 2001

OPNET Reports 76% Revenue Growth for Q2 2001

Record Revenues up 21% sequentially
Earnings increase sharply

Washington, DC – October 30, 2000 -- OPNET Technologies, Inc. (Nasdaq: OPNT), the leading provider of intelligent network management software, today announced record setting financial results for the second fiscal quarter ended September 30, 2000. Revenue for the quarter was a record $7.8 million, an increase of 76% over the same quarter last year and 21% over the immediately preceding first quarter of fiscal 2001. Net income for the quarter increased sharply to $741,000, or $0.04 per share on a diluted basis, as compared to a net income of $61,000, or $0.00 per share on a diluted basis, in the same quarter of fiscal year 2000.

For the six months ended September 30, 2000, revenues were $14.2 million, 70% greater than the $8.3 million for the first six months of the last fiscal year. Net income for the six months grew to $965,000, or $0.06 per share on a diluted basis, compared to a net income of $193,000 or $0.01 per share on a diluted basis, for the comparable period ended September 30, 1999.

Marc Cohen, Chairman and Chief Executive Officer, stated, " We are pleased to report another very strong quarter for the OPNET line of products, which experienced substantial growth in sales and significant new customer wins. We are continuing to see increasing demand for intelligent network management solutions that help Service Provider and Enterprise network managers plan, deploy, provision, and troubleshoot more efficiently. This is a very exciting time for OPNET Technologies, as our DecisionGuru products are uniquely positioned to provide comprehensive solutions to meet this demand. In addition, we are seeing significant growth and startup activity among network equipment manufacturers, which continues to fuel sales of our OPNET Modeler product and modules."

Revenues derived from software licenses grew to $4.3 million in the second quarter of fiscal year 2001, from $2.4 million in the same quarter of the previous fiscal year, representing an increase of 76% and sequential growth of 18% over the first quarter of fiscal 2001. Revenues derived from services grew to $3.5 million in the second quarter of 2001 from $2.0 million in the same quarter of the previous fiscal year, also representing an increase of 76% and sequential growth of 24% over the first quarter of fiscal 2001.

Highlights for Second Quarter Fiscal Year 2001

Total revenues increased 76% over the prior year, 21% sequentially -- a ninth consecutive quarter of growth.
The revenue contribution from licenses was 56% of total revenues. Services made up the balance of the revenues for the quarter, of which more than half came from maintenance and customer support.
Net income grew to $741,000 in the second quarter of fiscal 2001 from $61,000 in the second quarter of fiscal 2000, representing an eleven-fold increase.
Earnings Per Share (diluted) doubled from $0.02 last quarter to $0.04 this quarter.
Cash position grew by $57.3 million to $66.1 Million from $8.8 million at March 31, 2000, reflecting the proceeds of its recent IPO and cash generated from operations.
Days Sales Outstanding improved to a best-ever 40 days as of September 30, 2000.
Deferred revenue increased to $5.0 million, growing by $930,000 in this quarter.

.The Company will hold an investor conference call to discuss its second quarter performance today, October 30, 2000, at 5:30 P.M. Eastern Standard Time. Investors will be able to listen to the call by dialing 800-670-3543 in the U.S., or 212-347-6409 internationally, shortly before the scheduled starting time, or they can listen to the call at www.vcall.com; click on OPNT under "Today's VCalls." The call will be archived for seven days. Investors are advised to go to the web site at least 15 minutes early to register, download, and install any necessary audio software.

About OPNET Technologies, Inc.

The OPNET family of intelligent network management software enables our customers to optimize the performance and maximize the availability of communications networks and networked applications. The OPNET product suite combines predictive simulations and a comprehensive understanding of networking technologies to enable network professionals to more effectively design and deploy networks, provision services, diagnose network and application performance problems, and predict the impact of proposed network modifications. For more information about the Company and its products, visit www.opnet.com.

Thestatements contained in this press release that are not purely historical are forward-looking statements within the meaning the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding OPNET Technologies Inc.'s expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this document are based upon information available to OPNET Technologies, Inc. as of the date hereof; OPNET Technologies, Inc. assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. For a discussion of such risks and uncertainties, see the Company's reports filed with the Securities & Exchange Commission, including its 10-Q for the quarter ended June 30, 2000

# # #

Note to editors: The word OPNET is spelled with all upper-case letters.

OPNET Technologies, Inc.
Consolidated Statements of Operations
(unaudited)

Note - OPNET operates on a fiscal year beginning April 1st and ending March 31st of each year.

OPNET Technologies, Inc.
Condensed Consolidated Balance Sheets
(in thousands)

OPNET Media Contact:
Margarita Castillo
OPNET Technologies, Inc.
(240) 497-3000
Media@opnet.com
www.opnet.com

OPNET Investor Relations:
Mel Wesley
OPNET Technologies
(240) 497-3000
ir@opnet.com
www.opnet.com

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Press Releases Archived Press Releases 2000	OPNET Reports 76% Revenue Growth for Q2 2001 Record Revenues up 21% sequentially Earnings increase sharply Washington, DC – October 30, 2000 -- OPNET Technologies, Inc. (Nasdaq: OPNT), the leading provider of intelligent network management software, today announced record setting financial results for the second fiscal quarter ended September 30, 2000. Revenue for the quarter was a record $7.8 million, an increase of 76% over the same quarter last year and 21% over the immediately preceding first quarter of fiscal 2001. Net income for the quarter increased sharply to $741,000, or $0.04 per share on a diluted basis, as compared to a net income of $61,000, or $0.00 per share on a diluted basis, in the same quarter of fiscal year 2000. For the six months ended September 30, 2000, revenues were $14.2 million, 70% greater than the $8.3 million for the first six months of the last fiscal year. Net income for the six months grew to $965,000, or $0.06 per share on a diluted basis, compared to a net income of $193,000 or $0.01 per share on a diluted basis, for the comparable period ended September 30, 1999. Marc Cohen, Chairman and Chief Executive Officer, stated, " We are pleased to report another very strong quarter for the OPNET line of products, which experienced substantial growth in sales and significant new customer wins. We are continuing to see increasing demand for intelligent network management solutions that help Service Provider and Enterprise network managers plan, deploy, provision, and troubleshoot more efficiently. This is a very exciting time for OPNET Technologies, as our DecisionGuru products are uniquely positioned to provide comprehensive solutions to meet this demand. In addition, we are seeing significant growth and startup activity among network equipment manufacturers, which continues to fuel sales of our OPNET Modeler product and modules." Revenues derived from software licenses grew to $4.3 million in the second quarter of fiscal year 2001, from $2.4 million in the same quarter of the previous fiscal year, representing an increase of 76% and sequential growth of 18% over the first quarter of fiscal 2001. Revenues derived from services grew to $3.5 million in the second quarter of 2001 from $2.0 million in the same quarter of the previous fiscal year, also representing an increase of 76% and sequential growth of 24% over the first quarter of fiscal 2001. Highlights for Second Quarter Fiscal Year 2001 Total revenues increased 76% over the prior year, 21% sequentially -- a ninth consecutive quarter of growth. The revenue contribution from licenses was 56% of total revenues. Services made up the balance of the revenues for the quarter, of which more than half came from maintenance and customer support. Net income grew to $741,000 in the second quarter of fiscal 2001 from $61,000 in the second quarter of fiscal 2000, representing an eleven-fold increase. Earnings Per Share (diluted) doubled from $0.02 last quarter to $0.04 this quarter. Cash position grew by $57.3 million to $66.1 Million from $8.8 million at March 31, 2000, reflecting the proceeds of its recent IPO and cash generated from operations. Days Sales Outstanding improved to a best-ever 40 days as of September 30, 2000. Deferred revenue increased to $5.0 million, growing by $930,000 in this quarter. .The Company will hold an investor conference call to discuss its second quarter performance today, October 30, 2000, at 5:30 P.M. Eastern Standard Time. Investors will be able to listen to the call by dialing 800-670-3543 in the U.S., or 212-347-6409 internationally, shortly before the scheduled starting time, or they can listen to the call at www.vcall.com; click on OPNT under "Today's VCalls." The call will be archived for seven days. Investors are advised to go to the web site at least 15 minutes early to register, download, and install any necessary audio software. About OPNET Technologies, Inc. The OPNET family of intelligent network management software enables our customers to optimize the performance and maximize the availability of communications networks and networked applications. The OPNET product suite combines predictive simulations and a comprehensive understanding of networking technologies to enable network professionals to more effectively design and deploy networks, provision services, diagnose network and application performance problems, and predict the impact of proposed network modifications. For more information about the Company and its products, visit www.opnet.com. Thestatements contained in this press release that are not purely historical are forward-looking statements within the meaning the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding OPNET Technologies Inc.'s expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this document are based upon information available to OPNET Technologies, Inc. as of the date hereof; OPNET Technologies, Inc. assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. For a discussion of such risks and uncertainties, see the Company's reports filed with the Securities & Exchange Commission, including its 10-Q for the quarter ended June 30, 2000 # # # Note to editors: The word OPNET is spelled with all upper-case letters. OPNET Technologies, Inc. Consolidated Statements of Operations (unaudited) Note - OPNET operates on a fiscal year beginning April 1st and ending March 31st of each year. OPNET Technologies, Inc. Condensed Consolidated Balance Sheets (in thousands) OPNET Media Contact: Margarita Castillo OPNET Technologies, Inc. (240) 497-3000 Media@opnet.com www.opnet.com OPNET Investor Relations: Mel Wesley OPNET Technologies (240) 497-3000 ir@opnet.com www.opnet.com