SANTA ANA, Calif. - May 7, 2008 --"(PressReleasePoint)". MSC.Software Corporation (NASDAQ: MSCS), a leading global provider of enterprise simulation solutions including simulation software and services, today reported results for the first quarter ended March 31, 2008. Financial highlights include the following:Revenue of $61.2 million, an increase of 6% over the first quarter last year, Maintenance revenue of $33.0 million, up 15% over last year, Deferred revenue grew to $94.4 million, up 17% compared to $80.6 million at December 31, 2007, and Cash and Investments increased 10% from $135.0 million at December 31, 2007 to $148.1 million at March 31, 2008. REVENUETotal revenue for the first quarter ended March 31, 2008 was $61.2 million compared to $57.6 million for the first quarter in 2007. Software revenue for the first quarter totaled $22.0 million compared to $23.0 million for the first quarter in 2007. For the first quarter ended March 31, 2008, maintenance revenue totaled $33.0 million and services revenue totaled $6.2 million, compared to $28.7 million of maintenance revenue and $5.9 million of services revenue for the first quarter in 2007. Foreign exchange favorably impacted total revenue by $5.2 million in the first quarter."In the first quarter we saw a number of key customers move from initial pilot installations to global deployments of our enterprise solutions," said Bill Weyand, CEO and Chairman of MSC.Software. "It is clear that our customers see the competitive advantage and excellent ROI value in deploying MSC's enterprise solutions in their global enterprises and simulation enterprise solutions, which represented 28% of total software revenue in the first quarter.""We are pleased with more consistent growth in maintenance revenue as our installed base of customers continues to see the business value in MSC's solutions, and our consulting services business has stabilized and is delivering value," continued Mr. Weyand. "Product launches scheduled for May and June will provide, in the long term, new business opportunities with our customers, as we build on our foundation and extend simulation to the enterprise."REVENUE BY GEOGRAPHYTotal revenue in the Americas for the first quarter ended March 31, 2008 was $18.5 million, compared to $18.4 million last year. Total revenue in EMEA for the first quarter ended March 31, 2008 was $23.6 million, compared to $19.7 million last year. Changes in the Euro increased EMEA revenue by $2.9 million. In the Asia Pacific region, revenue for the first quarter ended March 31, 2008 totaled $19.1 million, compared to $19.6 million last year. Changes in the Japanese Yen increased Asia Pacific revenue by $2.3 million.RESULTS OF OPERATIONS AND EPSTotal operating expenses for the first quarter ended March 31, 2008 were $53.7 million, compared to $59.4 million last year, a decrease of 10%. Total operating expenses were increased by $2.6 million due to the impact of foreign currency exchange. The operating loss for the first quarter was $4.5 million, which compares to an operating loss of $13.4 million in the first quarter last year. Last year's operating loss included $7.1 million of restructuring charges. The loss from continuing operations for the quarter totaled $2.2 million or ($0.05) per diluted share, compared to a loss from continuing operations of $6.4 million or ($0.15) per diluted share in the first quarter last year.GUIDANCEAt this time the Company will not issue guidance. The Company will continue to evaluate its decision to provide guidance in the future.CONFERENCE CALLThe Company will host a conference call to discuss the first quarter financial results today at 1:30 pm pacific (4:30 pm eastern). The first quarter conference call will include a slide presentation that can be downloaded at: http://www.mscsoftware.com/ir/. The conference call can be accessed by web cast at: http://www.mscsoftware.com/ir/ or by dialing in to (800) 374-0151 for US callers or (706) 634-4981 for international callers. To participate in the live conference call, use the following conference ID code: 43801658.An archived version of the conference call will be available at http://www.mscsoftware.com/ir/. The teleconference replay will be available for 48 hours and can be accessed by dialing in to: U.S. (800) 642-1687 or Intl. (706) 645-9291 using the conference ID code: 43801658.About MSC.Software CorporationMSC.Software Corporation (NASDAQ: MSCS) is a leading global provider of enterprise simulation solutions, including simulation software and services, that helps companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software and services. MSC.Software employs more than 1100 people in 21 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.