PRESS RELEASE

Contact Information

Raining Data Corporation Announces
Second-Quarter FY 2002 Results

• Continues Improvements in EBITDA and Working Capital Over Prior Year
• Reports Significant Reduction in Pro Forma Net Loss

IRVINE, CA., November 14, 2001- Raining Data Corporation (Nasdaq: RDTA ) today announced financial results for the second quarter of the Company's fiscal year 2002.

Revenue for the second quarter ended September 30, 2001 totaled $5.0 million compared to $1.1 million for the second quarter ended September 30, 2000. This revenue increase reflects the third full quarter of combined operations following the acquisition of PickAX, Inc., the holding company for Pick Systems, in December 2000.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) was reduced to a loss of $373,000 for the quarter ended September 30, 2001 compared to an EBITDA loss of $1.1 million for the quarter ended September 30, 2000. In addition, the EBITDA was reduced 95% to a loss of $133,000 for the six month period ended September 30, 2001 compared to an EBITDA loss of $2.7 million for same six month period in the prior year.

"It is important that the accounting for the acquisition of PickAX not obscure the significant improvement in Raining Data's fundamentals," commented Carlton H. Baab, President and CEO. "After adjusting for all the non-cash charges for depreciation, amortization and debt discount items, the pro forma net loss for Raining Data was reduced from $2,706,000 for the first six months of last fiscal year which represented 131% of revenue for that period to a pro forma loss of $963,000 for the first six months of this fiscal year which represents only 9% of revenue for that period. In addition, EBITDA significantly improved from an EBITDA loss of 126% of revenue for the first six months of last fiscal year to an EBITDA loss of 1% of revenue for the first six months of this fiscal year."

"Moreover, the working capital deficit was cut to a negative $3.9 million at September 30, 2001 from a negative $6.4 million at March 31, 2001, the end of the last fiscal year. The $3.9 million deficit includes $4.5 million in deferred revenue for our customer support operation that will be earned over the coming year. Thus, Raining Data really has an operating working capital surplus for the first time in a long time."

Baab continued, "All this was done in the face of a market that we felt was going to be difficult long before the events of September 11th. In July and August, we made significant changes in Raining Data's cost structure in anticipation of a softening market."

Baab went on to say, "Our focus is on new product and technology development. The reformulated product roadmap for the Company was completed in early October and we have begun sharing that roadmap with our major accounts with excellent response."

"Since September 1st of this year, Raining Data has released D³ version 7.2.1 on AIX, on Linux, on ProPlus as well as Omnis Studio 3.1, mvDesigner 1.1 and FlashCONNECT 3.0.1. In addition, Raining Data has released into beta testing D³ version 7.2.1 on NT, D³ MQ Series Interface 1.0.1 on AIX, D³ Oracle Gateway 1.6.1 on AIX, D³ OpenDB 1.7.1, and D³ ODBC Client 2.0.27," explained Baab.

Baab concluded by saying, "Probably the most exciting parts of the roadmap come next year with our anticipated releases of D³ 8.0, mvEnterprise 5.0, mvBase 2.0, mvDesigner 2.0 and Omnis Studio 3.2, all of which include significant product enhancements for our customers."

About Raining Data

Raining Data Corporation, headquartered in Irvine, California, offers a suite of software infrastructure products that enable developers to create innovative applications. Raining Data's flagship products are: 1) a family of powerful multidimensional database management systems that are the choice of thousands of application developers worldwide. These include D³®, mvEnterprise® and mvBase®; 2) mvDesigner, an object-oriented rapid application development (RAD) tool developed for use with multidimensional database applications; and 3) Omnis Studio® -- a powerful, cross-platform, object-oriented RAD tool that is well suited for developing sophisticated thick-client, Web-client or ultra thin-client database applications.

The statements in this press release that are not historical facts are forward-looking statements, including but not limited to discussions relating to the integration of PickAX and its technologies, ability to operate at positive cash flow, the timing and content of future product releases, and the response of our customers to our product roadmap. These forward-looking statements are inherently subject to numerous risks and uncertainties and the Company's actual results could differ materially from those in such forward-looking statements. In particular, among the factors that could cause actual results to differ materially are difficulties related to the integration of the newly acquired business; increased competition; the timing and market acceptance of new products and services; the Company's ability to achieve or sustain cost reductions; the effects of the Company's shift in research and development efforts; the Company's ability to raise additional funds when needed on favorable terms; stock price volatility; financial risk management; potential volatility in operating results; and the effects on overall technology spending, on consumer confidence, on consumer spending and on the economy in general of recent national events and international conflicts, among others. Please consult the various reports and documents filed by Raining Data Corporation, formerly known as Omnis Technology Corporation, with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent reports on Form 10-KSB and Form 10-QSB each as it may be amended from time to time. All forward-looking statements are made as of the date hereof and the Company disclaims any responsibility to update or revise any forward-looking statement provided in this news release. The Company's results for the periods ended September 30, 2001 are not necessarily indicative of the Company's operating results for the full fiscal year or any future periods.

Raining Data provides pro forma net income as an alternative for understanding its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles and may be different from pro forma measures used by other companies.

mvDesigner, D³, mvEnterprise, mvBase, Omnis, Omnis Studio, Power95, R91, AP, Mentor, and Pick Systems are registered trademarks of Raining Data Corporation.