<ARTICLE> 5 <CIK> 0001035096 <NAME> WEB METHODS <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-START> APR-01-1998 <PERIOD-END> MAR-31-1999 <CASH> 3,128,500 <SECURITIES> 1,524,258 <RECEIVABLES> 2,497,589 <ALLOWANCES> 117,000 <INVENTORY> 0 <CURRENT-ASSETS> 6,220,777 <PP&E> 523,690 <DEPRECIATION> 134,287 <TOTAL-ASSETS> 8,430,280 <CURRENT-LIABILITIES> 2,505,442 <BONDS> 0 <PREFERRED-MANDATORY> 11,117,728 <PREFERRED> 0 <COMMON> 58,509 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 8,430,280 <SALES> 3,707,224 <TOTAL-REVENUES> 4,461,651 <CGS> 172,020 <TOTAL-COSTS> 653,216 <OTHER-EXPENSES> 7,237,999 <LOSS-PROVISION> 105,000 <INTEREST-EXPENSE> 15,651 <INCOME-PRETAX> (3,296,276) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,296,276) <EPS-BASIC> .71 <EPS-DILUTED> .71