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Corillian Reports Fourth Quarter and Year-end 2005 Results  Corillian has record bookings quarter, positioning company for growth in 2006
 PORTLAND, Ore.  Feb. 9, 2006 




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Recent Highlights
 
    
    Wachovia, the fourth largest bank in the U.S., successfully converted to the Corillian
Voyager platform and Corillian Consumer Banking application. The new Wachovia online
banking site was recently ranked #1 in Change Sciences Customer Experience benchmarking
report. The addition of Wachovias customer base will contribute to Corillians industry
leading share of the online banking software market, currently approaching 30 million end
users.
 
    
    In the fourth quarter, Corillian signed six new online banking customers: two
international customers, Bank Leumi in Israel and Russian Standard Bank, three credit
unions and a $4 billion community bank.
 
    
    Corillian signed nine deals for its Corillian Intelligent Authentication product during
the fourth quarter. Since its release in October of 2005, 14 leading financial institutions
have reviewed various authentication solutions available in the market and selected
Corillians Intelligent Authentication as the solution of choice to deliver strong,
FFIEC-compliant online authentication services to their online banking users.
 
    
    A top 30 U.S. bank selected the Corillian Interpose Payments application to help expand
its online bill payment services during the fourth quarter. The Corillian Interpose
Payments application was integrated into Corillians suite of products after the
acquisition of InteliData Technologies Corp.
 
    
    In 2005, Corillian also acquired qbt Systems, adding 15 new credit union customers,
including three of the top 10, to Corillians already strong list of top credit unions.
The qbt acquisition also brought the company integration technology and expertise that have
significantly reduced




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the cost of implementing new customers, facilitating Corillians move to address a broader
segment of the market.
 
    
    Corillian Corporate Banking was recently rated favorably against some of the top online
corporate banking solutions in the industry in an annual Cash Management Website
Benchmarking Study conducted by Greenwich Associates, a strategic financial services
research firm.
 
    
    In 2005, Corillian was awarded global security certification under security standard
BS:7799, the most widely-recognized framework and standard for developing and certifying a
companys security management system. Corillian is the first
U.S. online banking company to
receive this certification and one of only 23 U.S. business organizations to be certified
under the standard.
 Financial Outlook
  Reconciliation of GAAP results to Pro Forma Results




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
    
    Stock-based compensation
 
    
    Amortization of intangible assets
 
    
    Restructuring-related charges
 
    
    Merger-related charges
 
    
    Impairment charges related to acquisition-related intangible assets
  http://www.corillian.com/investors
 About Corillian Corporation  http://www.corillian.com




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Matters discussed in this release may include forward-looking statements that involve risks
and uncertainties, and actual results may be materially different. For example, statements
regarding Corillians business outlook and prospects for success in the online financial software
and services industry are forward-looking. Factors that could cause actual results to differ
include the risk that Corillians solutions do not continue to gain market acceptance, that
Corillian fails to sign new customers, that Corillians existing customers do not continue to
demand products and services from Corillian, that Corillians customers experience performance
problems or security breaches using Corillians solutions, that Corillians partners are not able
to fulfill their contractual obligations to Corillian and such failure negatively impacts Corillian
customers, that Corillian does not recognize an increased percentage of license and maintenance
revenues, that Corillian encounters significant problems in implementing its software for its
customers or significant delays in developing software for its customers, that Corillian incurs
significant legal expenses or losses in lawsuits, that financial institutions are affected by
adverse government regulations or market condition and that Corillians estimate of stock-based
compensation expense changes as a result of final implementation of
FAS 123R. Other risks include
those stated in Corillians reports and other documents filed from time to time with the Securities
and Exchange Commission including its report on Form 10-Q for the quarter ended September 30, 2005.
 For more information contact:
 ï ï ï sshaw@corillian.com ï
 ï ï ï pwilde@corillian.com ï




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CORILLIAN CORPORATION  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 For the Quarter EndedDecember 31,
    
    
    December 31,2005
    
    
    2004Revenues
    
    $
    13,761
    
    
    $
    13,151Cost of revenues
    
    
    6,476
    
    
    
    4,155Gross profit
    
    
    7,285
    
    
    
    8,996Operating expenses:Sales and marketing
    
    
    2,398
    
    
    
    1,933Research and development
    
    
    2,933
    
    
    
    2,071General and administrative
    
    
    2,231
    
    
    
    1,627Total operating expenses
    
    
    7,562
    
    
    
    5,631Income (loss) from operations
    
    
    (277
    )
    
    
    3,365Other income (expense), net
    
    
    236
    
    
    
    (39
    )Income (loss) before income taxes
    
    
    (41
    )
    
    
    3,326Income taxes
    
    
    (2
    )
    
    
    50Net income (loss)
    
    $
    (39
    )
    
    $
    3,276Basic net income (loss) per share
    
    $
    (0.00
    )
    
    $
    0.09Diluted net income (loss) per share
    
    $
    (0.00
    )
    
    $
    0.08Shares used in computing basic net income per share
    
    
    44,680
    
    
    
    38,295Shares used in computing diluted net income per share
    
    
    44,680
    
    
    
    40,827RECONCILIATION OF GAAP NET INCOME (LOSS) TO PRO FORMA NET INCOME (1)GAAP net income (loss)
    
    $
    (39
    )
    
    $
    3,276Amortization of acquisition-related intangibles included in cost of revenues
    
    
    379
    
    
    
    Amortization of acquisition-related intangibles included in sales and marketing
    
    
    44
    
    
    
    Pro forma net income
    
    $
    384
    
    
    $
    3,276Diluted pro forma net income per share
    
    $
    0.01
    
    
    $
    0.08Shares used in computing diluted pro forma net income per share
    
    
    45,456
    
    
    
    40,827
 
 (1)
    
    See explanation above regarding the Companys practice on reporting pro forma results.




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CORILLIAN CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 For the Year EndedDecember 31,
    
    
    December 31,2005
    
    
    2004Revenues
    
    $
    49,220
    
    
    $
    50,794Cost of revenues
    
    
    20,296
    
    
    
    18,449Gross profit
    
    
    28,924
    
    
    
    32,345Operating expenses:Sales and marketing
    
    
    7,850
    
    
    
    7,291Research and development
    
    
    10,789
    
    
    
    6,690General and administrative
    
    
    8,429
    
    
    
    6,688Impairment charge
    
    
    
    
    
    
    491Total operating expenses
    
    
    27,068
    
    
    
    21,160Income from operations
    
    
    1,856
    
    
    
    11,185Other income (expense), net
    
    
    858
    
    
    
    (545
    )Income before income taxes
    
    
    2,714
    
    
    
    10,640Income taxes
    
    
    61
    
    
    
    160Net income
    
    $
    2,653
    
    
    $
    10,480Basic net income per share
    
    $
    0.06
    
    
    $
    0.28Diluted net income per share
    
    $
    0.06
    
    
    $
    0.26Shares used in computing basic net income per share
    
    
    41,039
    
    
    
    37,727Shares used in computing diluted net income per share
    
    
    42,146
    
    
    
    40,474RECONCILIATION OF GAAP NET INCOME TO PRO FORMA NET INCOME (1)GAAP net income
    
    $
    2,653
    
    
    $
    10,480Amortization of acquisition-related intangibles included in cost of revenues
    
    
    579
    
    
    
    Amortization of acquisition-related intangibles included in sales and marketing
    
    
    65
    
    
    
    Pro forma net income
    
    $
    3,297
    
    
    $
    10,480Diluted pro forma net income per share
    
    $
    0.08
    
    
    $
    0.26Shares used in computing diluted pro forma net income per share
    
    
    42,146
    
    
    
    40,474
 
 (1)
    
    See explanation above regarding the Companys practice on reporting pro forma results.




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CORILLIAN CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
 December 31, 2005
    
    
    December 31, 2004ASSETSCurrent assets:Cash and investments
    
    $
    25,522
    
    
    $
    39,350Accounts receivable, net
    
    
    12,063
    
    
    
    8,218Revenue in excess of billing
    
    
    2,387
    
    
    
    1,363Other current assets
    
    
    3,307
    
    
    
    1,902Total current assets
    
    
    43,279
    
    
    
    50,833Property and equipment, net
    
    
    3,548
    
    
    
    3,800Goodwill
    
    
    26,899
    
    
    
    Intangibles, net
    
    
    3,856
    
    
    
    Other assets
    
    
    1,757
    
    
    
    636Total assets
    
    $
    79,339
    
    
    $
    55,269LIABILITIES AND SHAREHOLDERS EQUITYCurrent liabilities:Accounts payable and accrued liabilities
    
    $
    6,261
    
    
    $
    3,447Deferred revenue
    
    
    15,522
    
    
    
    16,630Current portion of long-term debt and capital lease obligations
    
    
    3
    
    
    
    296Other current liabilities
    
    
    1,882
    
    
    
    1,043Total current liabilities
    
    
    23,668
    
    
    
    21,416Long-term debt and capital lease obligations, less current portion
    
    
    
    
    
    
    629Other long-term liabilities
    
    
    938
    
    
    
    622Total liabilities
    
    
    24,606
    
    
    
    22,667Shareholders equity:Common stock
    
    
    149,447
    
    
    
    129,969Accumulated other comprehensive income
    
    
    61
    
    
    
    61Accumulated deficit
    
    
    (94,775
    )
    
    
    (97,428
    )Total shareholders equity
    
    
    54,733
    
    
    
    32,602Total liabilities and shareholders equity
    
    $
    79,339
    
    
    $
    55,269




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CORILLIAN CORPORATION
SUPPLEMENTAL INFORMATION