PRESS RELEASE

Contact Information

Raining Data Corporation Announces Fourth-Quarter
and Fiscal Year End March 31, 2002 Results

Company Reports
Second Consecutive Positive EBITDA Quarter
Form 10-KSB Filed

IRVINE, CA., June 28, 2002- Raining Data Corporation (Nasdaq: RDTA) today announced financial results for the fourth quarter and the fiscal year ended March 31, 2002. Revenue for the quarter and year ended March 31, 2002 totaled $5.1 million and $20.0 million, respectively, as compared to revenue of $5.0 million and $9.3 million for the quarter and year ended March 31, 2001, respectively.

This year over year increase in revenue reflects four full quarters of combined operations following the acquisition of PickAX, Inc., the holding company for Pick Systems, in December 2000. The prior fiscal year includes only one full quarter of combined operations.

Earnings (loss) before interest, taxes, depreciation, and amortization (EBITDA) improved to positive $0.2 million and negative $1.6 million for the quarter and year ended March 31, 2002, respectively. For the quarter and year ended March 31, 2001, EBITDA was negative $0.6 million and negative $5.9 million, respectively. The Company computes EBITDA by adding depreciation, goodwill and non-goodwill amortization and non-cash stock-based compensation expense to its GAAP reported operating income (loss).

For the quarter ended March 31, 2002, net loss was $4.7 million as compared to $5.8 million for the same period in the prior fiscal year. Net loss was $20.0 million for the year ended March 31, 2002 as compared to $14.2 for the year ended March 31, 2001.

Net loss per share was $1.23 for the year ended March 31, 2002 as compared to $1.21 for the year ended March 31, 2001. For the quarter ended March 31, 2002, net loss per share was $0.27 as compared to $0.37 for the same period in the prior fiscal year.

"Fiscal 2002 brought about significant changes for Raining Data," said Carlton H. Baab, President and CEO. "We had our first full year of combined operations, integrated new management and further strengthened our product base with updates and releases to our database and RAD tool products. Now more than ever, we feel the Company has the right focus and personnel to leverage its core products and technology. We have been able to ramp up our research and development activities while maintaining a focus on the bottom line as evidenced by an increase in year over year R&D spending while still having positive EBITDA for the last two fiscal quarters. We look to expand on that positive momentum in fiscal 2003."

On June 28, 2002, Raining Data will file with the SEC its Form 10-KSB for the fiscal year ended March 31, 2002.

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 multi-dimensional database management systems that are the choice of thousands of application developers worldwide and include D³®, mvEnterprise® and mvBase®; 2) mvDesigner®, an object-oriented rapid application development (RAD) tool developed for use with multi-dimensional 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.

Except for the historical statements contained herein, the foregoing release contains forward-looking statements regarding the Company's financial outlook for fiscal year 2003 and its positioning for future growth. Actual results could differ materially due to several factors, including but not limited to the availability of adequate liquidity, the ability to maintain market share for its existing products, the success of its research and development efforts to penetrate new markets and other risks and uncertainties. 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 report on Form 10-KSB as it may be amended from time to time for factors potentially affecting the company's future financial results. 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 quarter and year ended March 31, 2002 are not necessarily indicative of the Company's operating results for any future periods.

mvDesigner, D³, mvEnterprise, mvBase, Omnis, Omnis Studio and Raining Data are registered trademarks of Raining Data Corporation.