QUarterly Report Q1.2009

«Workforce Management is gaining increasing significance for companies of all sizes. Fluctuating order situations and challenging markets call for flexible working hour models and demand driven workforce deployment. This translates as optimized processes, enhanced productivity and reduced costs. In brief: companies implementing ATOSS solutions benefit from strategic competitive advantages.»

Dear Shareholders, Ladies and Gentlemen,

On the heels of the excesses in the real estate and financial markets, the global economy has suffered a severe setback. As an export oriented nation, Germany in particular is feeling the pain. According to current Bundesbank expectations, the decline in gross domestic product (GDP) in the first quarter of 2009 is likely to have exceeded even than the record 2.1 percent fall in the fourth quarter of 2008. And if our economic researchers are to be believed, there is worse to come. Some leading institutes are predicting that GDP will slump by an overall 6 percent in 2009. By contrast, there have recently been some mildly positive signals emanating from the USA where the current crisis was first triggered.

Maybe we would all do better to collectively cease forecasting progressively more negative figures and concentrate our efforts instead on rediscovering forgotten virtues! We at ATOSS have remained true to our chosen path. ATOSS Software AG is a company focused on long-term goals and sustainable business.

In particular the sustainability of our investments in the core business underpins ATOSS position as a reliable long term Partner for customers, business partners, employees and shareholders alike. And – this is the basis for our success. After three record years in succession, the figures for the first quarter of 2009 once again reached a new high, and level of orders on hand (also a record) will provide the basis for continuing positive development.

Strong development in sales, particularly of software licenses

In the first quarter of 2009 we increased our sales to over EUR 7.1 million, up by 11 percent over the year before. This is the highest quarterly sales figure since ATOSS was first founded. The software licensing business in particular developed strongly, with sales climbing 22 percent to EUR 1.6 million and orders on hand at the end of March standing at EUR 3.7 million (previous year: EUR 1.5 million). The development in other types of sales was also gratifying. Software maintenance rose by 8 percent to over EUR 2.6 million, and consulting put on 13 percent to reach EUR 2.0 million.

And with orders on hand hitting a new record of EUR 3.7 million, software licenses remain the driving force that propels our business. Licenses facilitate both consulting and future maintenance sales.

Results, liquidity and the equity ratio once again improved

The strength of the development in business is evident from a glance at our earnings figures. The operating result was up 16 percent at EUR 1.5 million – bearing in mind that the first quarter of 2008 benefited from a one-off positive contribution of EUR 0.3 million. Hence the, by comparison, far steeper increases in pre-tax earnings (up 60 percent at EUR 1.6 million) and earnings per share (up 59 percent at EUR 0.27).

In terms of our operating cash flow, which underscores our considerable capacity for self-financing, ATOSS generated a figure of EUR 2.8 million. There was also a similarly positive development in liquidity which now stands at EUR 16.7 million, equal to EUR 4.22 per share. We intentionally maintain this very high liquidity level in order to safeguard our independence from banks and general market uncertainties. Moreover, with our strong balance sheet which shows an equity ratio of 58 percent, we can demonstrate to our customers just how well protected their investments are.

Crisis adds fresh impetus to workforce management

The high volume of investments in our research and development activities (R&D) that result in products and services on the leading edge of technology, as well as excellent know-how, form the foundation of our corporate success. Our independence is witnessed not only by the rude health of our balance sheet, but by the technology we employ. The solutions developed by ATOSS can be deployed regardless of existing system platforms, and in association with all commonly used database solutions.

Strong order book safeguards targets

We continue to realize sales revenues in a highly conservative manner. Particularly in the case of a large number of major projects, revenues are booked in line with the status of project completion. This reduces quarterly fluctuations and stabilizes the development in sales.

In the first quarter of 2009 we continued our R&D policy, investing 19 percent of sales revenues in the ongoing development of our products. The orders received from existing as well as new customers, particularly in such a difficult economic environment, confirm that ATOSS has positioned itself absolutely correctly. They also confirm that companies increasingly perceive workforce management as an opportunity to gain a competitive advantage. Nevertheless we remain cautious, and we believe that in this negative economic climate, our target of maintaining sales and results for the current year 2009 at their historic high levels can in itself be viewed as highly positive. Should the currently gratifying development in business continue in the coming quarters, we reserve the right to adjust our forecast for the remaining course of the year.

Our business model also affords additional security and stability thanks to the broad customer base we have established over the long term and our steadily growing software maintenance business. In view of the generally sustained high level of interest in ATOSS solutions and the new record orders on hand, we are thus able to look to the future with confidence.

Yours truly,

Andreas F.J. Obereder Christof Leiber

(Chief Executive Officer) (Member of the Board of Management)

Letter to shareholders

Economic background According to the German Federal Bank, the gross domestic product shows a strong decline in the first quarter of 2009.

The IT sector, too, is expected to record negative development, with software alone seen as offering slight growth potential.

ATOSS Software AG Following a third record year in succession, the first quarter of 2009 has again brought record sales and peak results.

New record orders on hand support the outlook for continuing strong business performance.

Facts Overview

				ECONOMIC BACKGROUND
--	--	--	--	---------------------	--

Corporate OVERVIEW according to IFRS: 3-MONTH COMPARISON IN EUR'000
	01.01.2009 - 31.03.2009	Proportion of total revenues	01.01.2008 - 31.03.2008	Proportion of total revenues	Change 2009 / 2008
Software	4,188	59%	3,717	58%	13%
Software licenses	1,575	22%	1,307	20%	21%
Software maintenance	2,613	37%	2,410	38%	8%
Consulting	1,992	28%	1,770	28%	13%
Hardware	564	8%	725	11%	-22%
Other	388	5%	186	3%	109%

Total sales revenues	7,132	100%	6,399	100%	11%

EBITDA	1,610	23%	1,395	22%	15%
EBIT	1,520	21%	1,306	20%	16%
EBT	1,607	23%	1,006	16%	60%
Net income	1,080	15%	685	11%	58%
Cash flow	2,782	39%	3,035	47%	-8%
Liquidity 1,2	16,680		16,375		2%
EPS (EUR)	0.27		0.17		59%
Employees 3	220		198		11%

Corporate OVERVIEW according to IFRS: QUARTERLY COMPARISON IN EUR'000
	Q1/09	Q4/08	Q3/08	Q2/08	Q1/08
Software	4,188	4,178	4,126	3,996	3,717
Software licenses	1,575	1,642	1,603	1,513	1,307
Software maintenance	2,613	2,536	2,523	2,484	2,410
Consulting	1,992	1,839	1,860	1,894	1,770
Hardware	564	689	540	814	725
Other	388	170	222	216	186

Total sales revenues	7,132	6,876	6,748	6,921	6,399

EBITDA	1,610	1,203	1,310	1,521	1,395
EBIT	1,520	1,097	1,214	1,429	1,306
EBIT margin	21%	16%	18%	21%	20%
EBT	1,607	1,166	1,394	1,549	1,006
Net income	1,080	831	948	1,046	685
Cash flow	2,782	-1,055	3,034	-2,513	3,035
Liquidity 1,2	16,680	14,000	15,425	12,472	16,375
EPS (EUR)	0.27	0.21	0.24	0.26	0.17
Employees 3	220	226	213	207	198

1 Cash and marketable securities; 2 Dividend of 0.31 EUR per share paid on April 30, 2008 (previous year: 0.24 EUR on April 27, 2007); 3 At the end of the quarter

Investor relations

Corporate OVERVIEW according to IFRS: QUARTERLY COMPARISON IN EUR
	2009				2008
	Q1	Q4	Q3	Q2	Q1
High	7.80	7.60	8.90	8.40	8.40
Low	6.80	5.20	7.10	7.61	7.20
Share price at end of quarter	7.52	7.23	7.10	7.95	7.80
Treasury stock	73,099	68,894	24,500	29,500	29,500
Dividend paid per share	0.00	0.00	0.00	0.31	0.00
Cash flow per share	0.70	-0.34	0.76	-0.63	0.76
Liquidity per share	4.22	3.48	3.86	3.12	4.10
EPS	0.27	0.21	0.24	0.26	0.17
EPS (diluted)	0.27	0.20	0.24	0.26	0.17

ATOSS share price records strong performance in the new financial year 2009

After exhibiting a high degree of stability in the past year, in the first quarter of 2009 the ATOSS share price initially trended sideways between EUR 6.80 and 7.90. Publication on 8 April 2009 of the first details of the development in business between January and March was rewarded by the market with buoyant turnover and a noticeable rise in the stock price. Within a few trading days the price rose from EUR 7.95 to EUR 10 before stabilizing above EUR 9.50 in brisk trade.

On balance in recent years despite the extremely negative trend on the stock markets in general and despite also the fact that small- and micro-caps have been suffering since May 2006 from a steep decline in interest on the part of institutional investors, ATOSS shareholders have experienced a positive performance. What's more, since announcing its dividend policy in 2003, ATOSS has meanwhile paid out almost EUR 10 per share, the bulk of which has been tax-free for shareholders.

What we have not offered investors, and indeed have no wish to offer, are surprises. Of course ATOSS has the potential at any time to report individual orders of major significance, but leaving that aside, it is our intention that the company's development should proceed within predictable and dependable parameters and be reported with clear transparency and topicality.

The facts continue to speak for ATOSS

Earnings per share in the first quarter climbed 59 percent to EUR 0.27. Liquidity stands at EUR 4.22 per share. The dynamic development in earnings thus continues, and stock price is underpinned by very high liquidity. ATOSS also adheres consistently to its dividend policy. With the dividend of EUR 0.44 per share approved at the annual general meeting on April 30, 2009, we are passing on a substantial proportion of profits to our shareholders.

The analysts at SES Research GmbH, a Warburg Group company, who monitor our progress confirm the potential of ATOSS stock. Despite the recent rise in the share price, they continue to regard the stock as very attractively valued. ATOSS is according to the analysts one of Germany's most appealing software corporations. In valuing the company SES also takes into account our substantial liquidity, as a result of which the adjusted price earnings ratio (P/E) at the time of publication of their last study on April 23, 2009 stood at just 6. SES continues to recommend ATOSS stock as a buy with an upside target of EUR 14.

This extremely low valuation of ATOSS manifests itself particularly in the enterprise value, that is to say, the value of the business after adjusting for liabilities, relative to the expected operating profit. In the fourth quarter of 2008 this metric was well below three, which motivated us within the authorized framework to acquire a total of 44,894 treasury shares. In the first quarter of 2009, ATOSS purchased a further 4,205 shares in January, the last at a price of EUR 7.

Despite the recent share price rises and the substantial stability of the price in times of extreme stock market volatility, we are convinced that ATOSS stock still holds great potential. Confidence has its rewards – for all concerned. The expected continuing positive development in our undertaking will create a basis on which to nurture our shareholders' prosperity.

Group Management Report

«After three record years in a row ATOSS has now, in the first quarter of 2009, once again generated new top figures: sales are up by 11 percent over the prior year period. These figures also mark the highest quarterly sales recorded since the founding of the company. In addition, we have posted new record figures in orders at hand.»

Personnel costs for the first three months of the current financial year increased to EUR 3.5 million (previous year: EUR 3.2 million).

6. Risks associated with future development

There has been no change in the company's risk structure relative to the description contained in the consolidated financial statements to December 31, 2008.

As in the past, the company's investment policy continues to focus on preserving the value of freely available resources.

7. Events after the balance sheet closing date

The annual general meeting on April 30, 2009 adopted the proposal put forward by the management and approved a dividend of EUR 0.44 per share in circulation which was duly paid on May 4, 2009. The total dividend distribution amounted to EUR 1.7 million.

In other respects there have been no reportable events of particular import subsequent to March 31, 2009.

8. Outlook

With all of the key figures for the development in business remaining highly positive in both Q4 2008 and Q1 2009, the Management Board has consolidated its future outlook. The Management Board accordingly expects last year's record figures for sales and results to be repeated in the current year. Provided that the current gratifying development in business continues, the Management Board considers it possible that its forecast may be revised upwards in the course of the current financial year

1. Business and conditions: Difficult global economic environment; zero growth in the ICT market

Current indicators in this difficult global economic environment point to a further decline in production in the coming months. The pace of the downturn may by now have passed its peak, but the underlying economic trend is still headed downwards.

While the spring reports released by leading economic research institutes anticipate that German economic output will fall by an overall 6.0 percent this year, the industry association BITKOM sees the prospects for the information and communications technology market in Germany as moderate and expects zero growth. The software market is likely to grow by 0.3 percent. This growth will be led by software solutions that reduce costs and increase efficiency.

2. Earnings situation: Outstanding development in business in the first nine months

Total sales were up 11 percent at EUR 7.1 million, compared with EUR 6.4 million in the year before. Software license sales up 21 percent at EUR 1.6 million (previous year: EUR 1.3 million) remain the driving force behind our business model. Recurring maintenance charges were increased by 8 percent from EUR 2.4 million to EUR 2.6 million.

Thanks to high levels of capacity utilization and the considerable commitment of our consultants, turnover in services again developed strongly. Consulting sales rose by 13 percent from EUR 1.8 million to EUR 2.0 million. This gratifying progress is attributable not least to the effort ATOSS has for some years devoted to developing both personnel and expertise.

The operating profit (EBIT) in particular at EUR 1.5 million was a hefty 16 percent higher than the previous year's figure of EUR 1.3 million.

Earnings after taxes to March 31, 2009 came in at EUR 1.1 million, representing growth of 58 percent relative to the EUR 0.7 million recorded in the same period last year. Earnings per share accordingly rose from EUR 0.17 to EUR 0.27.

Orders on hand for software licenses on March 31, 2009 amounted to EUR 3.7 million, a significant increase over the previous year's figure of EUR 1.5 million. Against this background, even in a difficult economic environment the company is confident that it will achieve its profits targets for financial year 2009.

3. Net assets and financial position

Liquidity (cash and marketable securities) was up slightly at EUR 16.7 million, compared with EUR 16.4 million on March 31, 2008. Operating cash flow in the first three months amounted to EUR 2.8 million, slightly below the previous year's figure of EUR 3.0 million.

Besides the net result, positive factors impacting cash flow included in particular an increase in deferred revenues due to the invoicing of maintenance charges. Negative factors mainly included reductions in accruals and tax provisions.

The rise in current assets from EUR 18.4 million to EUR 22.1 million was essentially due to the increase in liquidity.

Current liabilities rose from a 2008 yearend figure of EUR 5.5 million to EUR 8.2 million. The principal contributing factor was the increase in deferred revenues from EUR 1.5 million on December 31, 2008 to EUR 4.9 million on March 31, 2009 as a result of maintenance services invoiced in advance. As in the past, deferred revenues will decrease once more by the middle and end of the year.

As a result of the gratifying development in business, equity increased from EUR 12.5 million to EUR 13.5 million, equating to 58 percent of overall capital. The company thus remains extremely well capitalized, with solvency assured at all times.

4. Product development

ATOSS continues to intensively pursue the development of both new and existing products. Product development costs rose by 14 percent in the first three months to stand at EUR 1.4 million, compared with EUR 1.2 million in the preceding year. As in the year before, development costs equate to 19 percent of overall sales.

The company continues to refrain from capitalizing the expense of developing new products. All expenditure for this purpose is recognized in the income statement in the period in which it is incurred.

5.Employees

Over the past twelve months the number of employees has risen by 11 percent from 198 to 220. On March 31, 2009 ATOSS employed 86 software developers (previous year: 68), with a further 64 staff employed in consulting (previous year: 58) and 33 in sales and marketing (previous year: 39).

BALAN CE SHEET TO 31.03.2009 in EUR
Assets	31.03.2009	31.12.2008
Non-current assets
Tangible fixed assets (net)	592,036	552,672
Intangible assets (net)	126,561	141,333
Deferred taxes	308,696	305,877
Total non-current assets	1,027,292	999,882
Current assets
Inventories	12,383	9,375
Trade accounts receivable (net)	4,100,049	3,455,286
Other current assets	1,334,824	977,556
Cash and cash equivalents	16,679,759	14,000,412
Total current assets	22,127,015	18,442,629
Total assets	23,154,307	19,442,511
Equity and liabilities	31.03.2009	31.12.2008
Equity
Subscribed capital	4,025,667	4,025,667
Capital reserve	-248,453	-248,453
Treasury stock	-593,034	-562,617
Unappropriated net income	10,333,069	9,252,962
Total equity	13,517,249	12,467,559
Non-current liabilities
Convertible bonds	24,00	24,000
Pension provisions	1,167,982	1,176,896
Deferred taxes	267,401	225,612
Total non-current liabilities	1,459,383	1,426,508
Current liabilities
Trade accounts payable	405,215	226,430
Short-term accruals	1,770,434	3,045,828
Defered revenues	4,897,677	1,485,910
Tax provisions	292,335	269,421
Other current liabilities	812,014	520,855
Total current liabilities	8,177,675	5,548,444
Total equity and liabilities	23,154,307	19,442,511

Balance Sheet

CASH FLOW STATEMENT

Cash flow statement from 01.01. to 31.03.2009 in EUR
	01.01.2009 - 31.03.2009	01.01.2008 - 31.03.2008
Net profit	1,080,107	684,667
Depreciation of fixed assets	89,794	89,094
Loss incurred on the disposal of fixed assets	-42,188	83
Changes in deferred taxes	39,970	-62,156
Provisions for pension commitments	-8,914	-7,657
Change in net current assets
Trade accounts receivable	-644,763	-295,388
Inventories and other current assets	-360,277	-177,765
Trade accounts payable	-138,638	-19,917
Short-term accruals	-1,275,394	-914,168
Deferred revenues	3,729,191	2,655,085
Tax provisions	22,915	139,704
Other current liabilities	291,159	943,572
Cash flow generated through business operations (1)	2,781,961	3,035,155
Cash flow from investment activities
Acquisition of tangible and intangible assets	-114,397	-109,685
Disposal of tangible fixed assets	42,200
Cash flow generated through investment activities (2)	-72,197	-109,685
Cash flow from financing activities
Expenditure for the purchase of treasury stock	-30,416	-48,510
Income from the sale of treasury stock	0	30,579
Cash flow generated through financing activities (3)	-30,416	-17,931
Changes in liquidity 1 – total of (1) to (3)	2,679,348	2,907,539
Liquidity 1 at the beginning of the period	14,000,411	13,467,767
Liquidity 1 at the end of the period	16,679,759	16,375,306

INCOME STATEMENT FROM 01.01. TO 31.03.2009 in EUR
	01.01.2009 - 31.03.2009	01.01.2008 - 31.03.2008
Sales revenues	7,131,508	6,398,617
Cost of sales	-2,096,940	-2,168,993
Gross profit on sales	5,034,568	4,229,624
Marketing costs	-1,448,660	-1,358,248
Administration costs	-612,700	-606,941
Research and development costs	-1,369,191	-1,200,516
Other operating income	22,208	252,340
Other operating expenses	-105,744	-10,579
Operating income (EBIT)	1,520,481	1,305,680
Interest and similar income	96,631	148,445
Interest and similar expenses	-10,550	-447,632
Income before taxes	1,606,562	1,006,493
Taxes on income and earnings	-526,455	-321,826
Net profit	1,080,107	684,667

Earnings per share (undiluted)	0.27	0.17
Earnings per share (diluted)	0.27	0.17

Average number of shares in circulation (undiluted)	3,952,979	3,995,004
Average number of shares in circulation (diluted)	3,976,979	4,028,108

INCOME STATEMENT

1 Liquidity: Cash and marketable securities

Statement of changes in EQUITY

Statement of CHANGES IN EQUITY AS OF 31.03.2009 in EUR
	Subscribed capital	Capital reserve	Treasury stock	Unappropriated net income	Total
As of 01.01.2008	4,025,667	-134,511	-406,608	6,981,913	10,466,461
Net profit	0	0	0	684,667	684,667
Sale of treasury stock	0	-78,260	92,850	0	14,590
Purchase of treasury stock	0	0	-26,100	0	-26,100
As of 31.03.2008	4,025,667	-212,770	-339,858	7,666,580	11,139,618

As of 01.01.2009	4,025,667	-248,453	-562,618	9,252,962	12,467,558
Net profit	0	0	0	1,080,107	1,080,107
Sale of treasury stock	0	0	0	0	0
Purchase of treasury stock	0	0	-30,416	0	-30,416
As of 31.03.2009	4,025,667	-248,453	-593,034	10,333,069	13,517,249

One share represents 1 Euro of subscribed capital.

1. General

The present report has been prepared in accordance with International Financial Reporting Standards (IFRS) in compliance with IAS 1.14. In particular the report complies with the provisions contained in IAS 34 "Interim Financial Reporting". The requirements contained in German Accounting Standard (DRS) No. 6 regarding interim reporting have likewise been fulfilled.

In accordance with IAS 34.20, the present statements include a balance sheet, income statement, cash flow statement, statement of changes in equity and explanatory notes to the consolidated statements.

The same financial accounting, valuation and computation methods have been applied as in the case of the annual financial statements.

The Management Board is satisfied that the impression of the economic situation of the company, its net assets, financial position, earnings situation and cash flow conveyed by the present quarterly financial statements accords with the true facts. This interim report has not undergone an auditors' inspection or statutory audit.

2. Reporting period

The present interim report was prepared to March 31, 2009, for the reporting period from January 01, 2009 to that date.

Currency

All figures are stated in euro. Figures are rounded up to whole euro units.

4. Group of consolidated companies

In addition to the parent company ATOSS Software AG, Munich, the consolidated financial statements to March 31, 2009 also include all subsidiary companies:

ATOSS CSD Software GmbH, Cham ATOSS Software Ges.mbH, Vienna, Austria ATOSS Software AG, Zurich, Switzerland ATOSS Software S.R.L., Timisoara, Romania

These companies are fully consolidated.

Notes to the consolidated financial statement

«Especially with regard to investment security and sustainability, ATOSS Software AG is a long-term, reliable partner for customers, business partners and shareholders alike.»

5. Changes in equity

The development in equity is evident from the statement of changes in consolidated equity.

6. Treasury stock

In the first three months of the financial year 4,205 treasury shares were acquired. On March 31, 2009 the company held 73,099 treasury shares acquired at an average price of EUR 8.12. Treasury stock is reported as a separate equity item at cost of acquisition.

7. Sales revenues

The company's sales revenues were composed as follows:

The geographic breakdown of sales revenues was as follows:

8. Personnel costs

The consolidated personnel costs to March 31, 2009 were composed as follows:

9. Other operating income and expenses

In the first three months of the current financial year the company recorded other operating income in the amount of EUR 22,208 (previous year: EUR 252,340). This derived from the liquidation of provisions formed in the previous year. The other operating expenses amounting to EUR 105,744 (previous year: EUR 10,579) essentially concerned adjustments in the value of receivables.

10. Financial investment income and expenditure

In the first three months of the current financial year the company recorded income in the amount of EUR 96,631 (previous year: EUR 148,445) from financial investments. This was comprised of interest earnings on fixed-term and current account deposits.

The company also recorded expenditure in the amount of EUR 10,550 (previous year: EUR 447,632). This essentially concerned financial expenses in connection with pension provisions amounting to EUR 10,430 (previous year: EUR 13,217).

11. Tax expenses

Consolidated tax expenses to March 31, 2009 were comprised as follows:

$\sim$

12. Earnings per share

The figure for earnings per share is arrived at by dividing the result for the period in the amount of EUR 1,080,107 by the weighted average number of shares outstanding. From January 1 to March 31, 2009 there were an average of 3,952,979 shares in circulation. Thus earnings per share for this period amounted to EUR 0.27, in comparison with EUR 0.17 in the first three months of the preceding year.

In order to calculate diluted earnings per share, the result for the period must be adjusted to allow for the interest cost relating to convertible bonds in the amount of EUR 120 (previous year: EUR 198). In addition the average number of shares outstanding is increased with the inclusion of shares potentially issued as a result of convertible bonds. From January 1 to March 31, 2009, there were an average of 24,000 convertible bonds in circulation. Thus the diluted earnings per share for this period amounted to EUR 0.27, in comparison with EUR 0.17 in the preceding year.

EUR	01.01.2009 31.03.2009	01.01.2008 31.03.2008
Germany	6,713,483	5,686,042
Austria	236,843	437,296
Switzerland	103,432	235,406
German-speaking territories in total	7,053,758	6,358,744
Other countries	77,750	39,873
Total sales revenues	7,131,508	6,398,617

EUR	01.01.2009 31.03.2009	01.01.2008 31.03.2008
Wages and salaries	2,909,169	2,648,716
Social security contributions and expenditure on retirement pensions and welfare	550,933	549,129
Total personnel costs	3,460,102	3,197,845

EUR	01.01.2009 31.03.2009	01.01.2008 31.03.2008
Software licenses	1,575,022	1,306,974
Software maintenance	2,612,598	2,409,867
Total software	4,187,620	3,716,841
Consulting	1,992,286	1,770,267
Hardware	563,534	725,283
Other	388,068	186,226
Total sales revenues	7,131,508	6,398,617

EUR	01.01.2009 31.03.2009	01.01.2008 31.03.2008

Pre-tax earnings as per IFRS	1,606,562	1,006,493
Expected tax charge (2008: 32.98%, 2007: 40.86%)	-529,844	-331,941
Non-deductible operating expenses	-20,695	-4,192
Differences in tax rates at consolidated companies	24,084	14,307
Actual Group tax charge	-526,455	-321,826

13. Segment reporting

The company has only one uniform business segment within the meaning of IAS 14 which comprises the creation, sale and implementation of software solutions directed towards the efficient deployment of personnel. Similarly in geographic terms the German-speaking territories comprise a uniform segment within the meaning of IAS 14.

The individual software solutions comprise:

ATOSS Staff Efficiency Suite (ASES) and ATOSS Startup Edition (ASE):

ASES and ASE are working time management and personnel resource planning solutions for customers of all sizes in all industries. These software solutions are generally accompanied by other services covering implementation and training. In addition consulting services are rendered with the object of making meaningful use of the available scope and developing optimum solutions for the efficient deployment of personnel under specific operating conditions and in consideration of works agreements and industry-wide pay deals. The company also sells hardware components for time recording and access control purposes. ASES/ASE software is used in conjunction with all major standard system platforms and databases. Moreover thanks to the extensive facility to define customerspecific parameters these solutions are capable of satisfying even the most sophisticated requirements of customers of all sizes in all industries.

ATOSS Time Control (ATC):

ATC offers a software solution to working time management and personnel resource planning for small and medium-sized customers as well as large but decentrally organized clients. Likewise in conjunction with ATC, ATOSS offers software implementation and training as well as consulting services. Merchandise including hardware and recording media is also available. ATC software is installed on the Microsoft Windows system platform in association with standard SQL databases and is particularly user-friendly and convenient for small to medium-sized customers as well as large decentralized organizations.

14. Employees

On March 31, 2009 the company had 220 employees.

15. Management Board

The company's Management Board continued to comprise two members:

16. Supervisory Board

The company's Supervisory Board as of March 31, 2009 comprised three members:

17. Board member shareholdings

On the reporting date of March 31, 2009, board members held the following numbers of ATOSS shares:

18. Convertible bonds held by board members

On March 31, 2009, board members held the following number of bonds convertible into ATOSS shares:

	31.03.2009	31.12.2008	30.09.2008	30.06.2008	31.03.2008
Andreas F.J. Obereder	1,981,184	1,981,184	1,981,184	1,981,184	1,981,184
Peter Kirn	29,760	29,760	29,760	29,760	29,760
Rolf Baron Vielhauer von Hohenhau	0	0	0	0	5,675

	31.03.2009	31.12.2008	30.09.2008	30.06.2008	31.03.2008
Christof Leiber	5,000	5,000	5,000	5,000	5,000

EUR	01.01.2009 31.03.2009	01.01.2008 31.03.2008
Sales revenues
ATOSS Staff Efficiency Suite (ASES) and ATOSS Startup Edition (ASE)	6.647.451	5.731.583
ATOSS Time Control (ATC)	484,057	667,034
Total sales revenues	7,131,508	6,398,617

Operating result (EBIT)
ATOSS Staff Efficiency Suite (ASES) and ATOSS Startup Edition (ASE)	1,522,014	1,216,090
ATOSS Time Control (ATC)	-1,533	89,590
Total operating result (EBIT)	1,520,481	1,305,680

31.03.2009	31.03.2008

Development	86	68
Consulting	64	58
Sales and marketing	33	39
Administration	37	33
Total	220	198

Andreas F.J. Obereder	Chief Executive Officer
Christof Leiber	Member of the Management Board

Peter Kirn	Chairman
Fritz Fleischmann	Deputy Chairman
Rolf Baron Vielhauer von Hohenhau	Member of the Supervisory Board

19. Convertible bonds

In the first three months of financial year 2009 no convertible bonds were exercised. As of March 31, 2009 there were 24,000 convertible bonds outstanding.

Details of outstanding convertible bonds held by board members and employees are summarized in the following table:

20. Notifiable participating interests

In the first three months of financial year 2009 the company received no notifications regarding changes in participating interests pursuant to §§ 21 ff. of the German Securities Trading Act.

21. Business transactions with closely related persons

A business relationship exists with the wife of the Chief Executive Officer, from whom the company rents business premises in Meerbusch. The premises concerned comprise 1,176 m2 of office space for which rental costs in the amount of EUR 57,201 (previous year: EUR 57,201) were incurred in the first three months of 2009.

Moreover the wife of the Chief Executive Officer provides services to the company. In the first three months of the financial year 2009 the value of these services amounted to EUR 2,184 (previous year: EUR 3,120).

The company is satisfied that the terms agreed for these transactions are standard market terms.

22. Events after the balance sheet closing date

The annual general meeting of ATOSS Software AG took place on April 30, 2009. The meeting adopted the proposal by the management and approved a dividend of EUR 0.44 per share which was duly distributed on May 4, 2009. The total dividend payment amounted to EUR 1,739,129.92.

	Ausübungspreis EUR	ausstehende Optionen	vertragliche Gültigkeit in Jahren	mögliche Ausübungsrechte zum 31.03.2009
Board members
	6.18	5,000	2.2	5,000
Employees
	3.52	4,000	1.5	4,000
	3.97	3,000	2.6	3,000
	6.18	12,000	2.2	12,000

Total		24,000		24,000

We hereby give an assurance to the best of our knowledge and belief that in accordance with the applicable interim reporting standards these interim consolidated financial statements convey an impression of the net assets, financial position and earnings situation of the Group which accords with the true facts; and that the development in business including the results and the situation of the Group are so described in the interim consolidated management report as to convey an impression which likewise accords with the true facts; and that the essential opportunities and risks associated with the anticipated development of the Group in the remainder of the financial year are so described.

Munich, May 15, 2009

Andreas F.J. Obereder Christof Leiber (Chief Executive Officer) (Member of the Board

of Management)

Declaration by the legal representatives

Disclaimer

This report contains forward-looking statements that are based on the conviction of the Management Board of ATOSS Software AG and reflect current assumptions and estimations. These forward-looking statements are subject to risks and uncertainties. Many facts that cannot currently be predicted may cause the actual performance and earnings of ATOSS Software AG to develop in a different manner. This could for example include the non-acceptance of newly introduced products or services, changes in the general economic and business climate, a failure to achieve efficiency and cost-reduction targets or changes in business strategy.

The Management Board is firmly convinced that the expectations embodied in these forward-looking statements are sound and realistic. Should however the above-mentioned or other unforeseeable risks materialize, ATOSS Software AG cannot guarantee that the expressed expectations will prove to be correct.

Corporate Calendar

July 23, 2009 Press release announcing the 6-monthly statements August 14, 2009 Publication of the 6-monthly financial statements October 22, 2009 Press release announcing the 9-monthly statements November 13, 2009 Publication of the 9-monthly financial statements RESPONSIBLE ATOSS Software AG Am Moosfeld 3 D-81829 Munich Fon +49.89.4 27 71-0 Fax +49.89.4 27 71-100 www.atoss.com

IMprint

INVESTOR RELATIONS CONTACT

ATOSS Software AG
Investor Relations
Christof Leiber
Fon +49.89.4 27 71-265
Fax +49.89.4 27 71-100
[email protected]

OTHER OFFICES

Düsseldorf Fon +49.21 50.9 65-0

Frankfurt Fon +49.69.66 05 99-0

Hamburg Fon +49.40.27 81 63-0

Stuttgart Fon +49.711.7 28 73 20-0

SUBSIDIARIES Germany ATOSS CSD Software GmbH, Cham Fon +49.99 71.85 18-0

Austria ATOSS Software Ges.mbH, Wien Fon +43.1.7 17 28-334

Switzerland ATOSS Software AG, Zürich Fon +41.44.308 39-56

Romania ATOSS Software SRL, Timisoara Fon +40.356.71 01 82

ATOSS Software AG

Am Moosfeld 3 D-81829 Munich Fon +49.89.4 27 71-0 Fax +49.89.4 27 71-100

[email protected] www.atoss.com