AUSTIN, Texas–(EMWNews)–Vignette Corporation (NASDAQ: VIGN) today announced total revenue for

the second quarter 2008 was $45.8 million, a decrease of 4.7% from the

second quarter of 2007. GAAP net loss for the quarter was $0.9 million,

versus a profit of $4.0 million in the same period last year. EPS for

the quarter was $(0.04) versus $0.14 last year. Vignette used $0.5

million of cash flow from operations during the quarter.

Vignette’s non-GAAP net income for the second quarter 2008 was $1.8

million, a decrease of 73.5% from the second quarter of 2007. Non-GAAP

diluted EPS for the quarter was $0.07 versus $0.23 last year. Non-GAAP

results exclude purchased in-process research and development,

acquisition-related charges, stock option expense, amortization expense

for certain intangible assets and one-time charges and gains.

“We delivered results within guidance, but we

are not where we want to be from a license revenue perspective,”

said Mike Aviles, president and CEO of Vignette. “Services

revenue was strong, customer satisfaction is up, and we are encouraged

by the positive momentum around new products. We will continue to invest

for growth and take action to improve our sales and marketing

effectiveness.”

New Business

Vignette recognized orders from new and existing customers during the

quarter, including Atlantic Health System Inc, Avery Dennison, Banco

Itau S.A., Broadcast Interactive Media LLC, The Canberra Hospital,

Department of Homeland Security-USCIS, The Investment Company Institute,

News Interactive, Fallon Clinic, Forum Corporation, Hanley Wood LLC, HRB

Management Inc. and its Affiliates, Hyatt Corporation, The George

Washington University, Georgia Technology Authority, My Choice Medical

Holdings, Inc., NASA, Petroleo Brasiliero S.A., Seagate Technology,

Sepracor Inc., Syniverse Technologies and United Parcel Service.

Products and Innovation

Vignette continued to drive innovation with a number of new products and

enhancements to existing releases. The following products and services,

geared toward helping organizations deliver more engaging Web

experiences, were released during the past several months:

• Vignette Video Services

  is a hosted video management solution that provides capabilities to

  upload, transcode, manage and deliver video. Vignette Video includes a

  Flash-based media player that offers the ability to tag and share any

  segment of a video.

• Vignette Content Management empowers users to streamline the

  creation and management of Web content and eliminate bottlenecks

  associated with the delivery and publishing of information. Enhanced

  features include friendly URLs to increase search engine site rankings

  and skip-level upgrades to reduce the steps necessary to upgrade from

  older environments.

• Vignette Portal enables business users to elevate their brand

  identity and engage in more personalized Web interactions with key

  audiences. New capabilities include integration with Vignette’s

  High Performance Delivery and Community product lines.

• Vignette Case Manager

  allows organizations to automate and track important customer

  transactions, such as mortgage applications and income tax forms,

  across multiple communications channels including the Web, email,

  phone and paper. A significant differentiator of Vignette Case Manager

  is its single, integrated platform for managing business processes and

  the associated customer interactions. Records of all communications

  are stored, providing service representatives with access to a

  complete customer interaction history. The records can be recalled at

  any time via any channel and acted upon.

• Vignette Collaboration helps organizations drive productivity,

  improve knowledge management and more efficiently direct business

  processes that require interaction across disparate geographic and

  organizational boundaries. The latest release improves usability and

  performance and provides new social computing capabilities, such as

  ratings, reviews, tagging and usage analysis.

• Vignette QuickSite

  is a new service offering that simplifies the Vignette Content

  Management implementation process and enables organizations to launch

  new Web sites faster. QuickSite can deliver a working customer-branded

  Web site within weeks and educate employees to use superior content

  management for driving more engaging Web experiences.

• Vignette Rich Media Services now includes a video module that

  integrates with Vignette Content Management, enabling organizations to

  manage the workflow and publishing of video and all other Web content

  from one interface. The latest Rich Media Services release allows

  video assets to use the same authorization and security model, share

  advanced metadata and participate in the same workflow and publishing

  as other Web content.

Vignette Wins Awards for Web 2.0 Innovation and ROI

Vignette Recommendations was named Best New Web 2.0 Technology by

Incisive Media at its Web 2.0 Innovation Awards presentation in London.

Vignette Recommendations helps organizations deliver more targeted Web

experiences to customers through content recommendations, product

recommendations and social search.

Vignette also received a 2008 Technology ROI Award from Nucleus

Research. The award recognizes NASA’s use of

Vignette Portal as a single gateway for publishing and sharing

information with the general public and NASA’s

employees. The implementation resulted in a dramatic return on

investment for NASA over three years.

Vignette Analyst Day

Vignette held its annual Analyst Day event in Boston during the quarter.

Analyst Day provides some of the world’s most

influential analysts with direct access to Vignette executives and

customers. During the event, Vignette highlighted a number of new

product and customer success stories. Participating customers included

Fox News Digital, Harvard Business School and Vertrue Incorporated. A

respected industry analyst commented on the strength of Vignette’s

customer panels, noting the positive experiences of customers with

Vignette products and personnel.

Stock Repurchase Program

In the second quarter, Vignette continued the stock buyback program it

began in November 2006, by purchasing an additional 798,000 shares of

common stock on the open market at an average price of $12.37.

Q3 2008 Financial Outlook

Vignette currently anticipates third quarter 2008 revenue to be between

$43 million and $48 million. Third quarter 2008 GAAP net income is

currently expected to be between $(0.21) and $(0.07) per share on a

fully diluted basis. The company expects third quarter 2008 non-GAAP net

income to be between $0.02 and $0.17 per share on a fully diluted basis.

For a discussion of factors that could cause actual results to differ

materially from these targets, see ‘Forward-Looking Statements’ below.

Conference Call Details

Vignette will host a conference call and live Webcast regarding its

second quarter financial results on Thursday, July 24, 2008, at 8:00

a.m. EDT. To access the Webcast, visit the Investor

Relations section of Vignette’s Web site.

If you are not able to access the live Webcast, dial-in information is

as follows:

Dial-in number: (888) 201-0273

International Dial-in: +1 (706) 634-9519

Call title: Vignette Financial Results

The Webcast and conference call will be archived and available for

replay from Thursday, July 24, 2008, at 9:00 a.m. EDT to Sunday, August

24, at 11:59 p.m. EDT. The replay information is as follows:

Toll-free number: (800) 642-1687

International number: (706) 645-9291

Access code: 55205534

Non-GAAP Financial Measures

The Company believes non-GAAP financial measures are useful to

investors, because they exclude certain non-operating or non-recurring

charges. The Company’s management excludes

these non-operating or non-recurring charges when it internally

evaluates the performance of the Company’s

business and makes operating decisions, including internal budgeting,

performance measurement and the calculation of bonuses and discretionary

compensation. In addition, these non-GAAP measures more closely reflect

the essential revenue generation activities of the Company and the

direct operating expenses (resulting in or from cash expenditures)

needed to perform these revenue generation activities.

A reconciliation of net income calculated in accordance with GAAP, and

non-GAAP net income, is provided in the tables immediately following the

consolidated statement of operations. The presentation of this

additional information is not a substitute for results prepared in

accordance with accounting principles generally accepted in the United

States.

About Vignette

Vignette helps organizations improve the way they connect online with

their key audiences by providing software for building great online

experiences and managing the content that fuels those experiences.

Vignette pioneered the Web Content Management space more than a decade

ago, and today its customers include some of the world’s

most prominent brands in virtually every industry. Vignette is

headquartered in Austin, Texas with operations worldwide. Visit www.vignette.com.

Forward-Looking Statements

The statements contained in this press release that are not purely

historical are forward-looking statements including statements regarding

the Company’s expectations, beliefs, hopes,

intentions or strategies regarding the future. Forward-looking

statements include statements regarding Vignette’s

products, future sales, market growth and competition. All

forward-looking statements included in this press release are based upon

information available to the Company as of the date hereof, and the

Company assumes no obligation to update any such forward-looking

statement. Actual results could differ materially from the Company’s

current expectations. Factors that could cause or contribute to such

differences include, but are not limited to, Future Losses, Limited

Operating History, Fluctuation of Quarterly Revenues and Operating

Results, Acquisition Integration, Competition, Dependence on a Small

Number of Large Orders, Lengthy Sales Cycle and Product Implementation,

Market Awareness of Our Product, Rapid Changes in Technology and New

Products, and other factors and risks discussed in the Company’s

reports filed from time to time with the Securities and Exchange

Commission.

Vignette and the V Logo are trademarks or registered trademarks of

companies.