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ALDUS REPORTS 1991 RESULTS

 ALDUS REPORTS 1991 RESULTS
 SEATTLE, Feb. 4 /PRNewswire/ -- Aldus Corp. (NASDAQ: ALDC) today


announced revenue and earnings for the fourth quarter and year ended Dec. 31, 1991.
 The company announced annual revenue of $167.5 million for 1991, compared with $135.0 million in 1990, an increase of 24 percent. Net earnings for 1991 were $23.8 million, or $1.54 per share, compared with $23.8 million, or $1.63 per share, in 1990. International sales for 1991 were approximately 49 percent of revenue, compared to 48 percent for 1990.
 For the fourth quarter ended December 1991, Aldus reported revenue of $42.7 million, compared with $39.6 million in 1990. Fourth-quarter earnings were $4.5 million, or 29 cents per share, compared with $7.5 million, or 51 cents per share, in 1990.
 "The first six months of the year showed encouraging increases in revenue and earnings, but our results in the third and fourth quarters were affected by sluggish economic conditions in the U.S. and certain European markets," said Bill McAleer, vice president of finance. "In particular, the United Kingdom, France and Sweden were weaker than expected in the fourth quarter. Additionally, we experienced some softness in sales of PageMaker for the Macintosh prior to the shipment of our new upgrade on Dec. 23."
 As of Dec. 31, 1991, Aldus' financial position remained strong, with $106 million in cash, cash equivalents and marketable securities, up from $76 million at the end of the prior year. On Jan. 20, 1992, the company announced that its board of directors had authorized the repurchase of up to one million shares, or approximately 7 percent, of Aldus' outstanding common stock.
 Aldus enters the first quarter of 1992 with the broadest product line in the company's history. On Jan. 6, the company announced updates to Aldus Persuasion for Windows and for the Macintosh. These announcements follow the shipment of six new or upgraded products in the fourth quarter of 1991, including Aldus Freehand 3.0 for Windows, Aldus PageMaker 4.2 for the Macintosh, Aldus FreeHand 3.1 for the Macintosh, Aldus PhotoStyler, Aldus PageMaker Database Edition and Aldus SuperCard 1.6 for the Macintosh.
 Aldus Corp. creates computer software solutions that help people throughout the world effectively communicate information and ideas. The Aldus product line includes Aldus PageMaker, Aldus Persuasion, Aldus FreeHand, Aldus Digital Darkroom, Aldus Gallery Effects, Aldus Personal Press, Aldus PhotoStyler, Aldus PrePrint, Aldus SuperCard, Aldus SuperPaint and Aldus Super 3D. The company distributes its products through an international network of more than 16,000 dealers and distributors.
 ALDUS CORP.
 CONSOLIDATED STATEMENTS OF INCOME
 (In thousands, except earnings-per-share data)
 Three Months Year
 Ended Dec. 31: 1991 1990 1991 1990
 Net sales $42,695 $39,581 $167,530 $134,983
 Cost of sales 8,722 8,080 32,590 26,432
 Gross margin 33,973 31,501 134,940 108,551
 Sales and marketing 15,552 12,503 57,211 44,061
 General and administrative 6,368 5,213 24,466 18,797
 Software development costs:
 Research and development 3,854 3,104 14,125 11,736
 Amortization of capitalized
 software development costs 2,781 989 9,288 3,719
 Income from operations 5,418 9,692 29,850 30,238
 Interest income, net 1,346 1,357 5,042 5,051
 Other income (expense), net (247) 85 (211) (24)
 Income before provision for
 income taxes 6,517 11,134 34,681 35,265
 Provision for income taxes 2,020 3,618 10,844 11,504
 Net income $ 4,497 $ 7,516 $ 23,837 $ 23,761
 Net income per share $ 0.29 $ 0.51 $ 1.54 $ 1.63
 Weighted average number of
 common shares 15,549 14,782 15,489 14,557
 ALDUS CORP.
 CONDENSED BALANCE SHEETS
 (In thousands)
 Dec. 31: 1991 1990
 ASSETS
 Current assets:
 Cash and marketable securities $106,215 $ 76,168
 Accounts receivable 25,284 22,667
 Income taxes receivable 1,264 --
 Inventories 6,024 5,413
 Deferred income taxes 3,421 5,952
 Prepaid expenses 4,158 3,013
 Total current assets 146,366 113,213
 Equipment and leasehold improvements, net 17,556 13,271
 Other assets 14,647 14,697
 Total $178,569 $141,181
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Current liabilities:
 Accounts payable $ 5,290 $ 5,289
 Accrued liabilities 12,571 10,645
 Deferred technical support revenue 1,456 1,580
 Income taxes payable -- 3,867
 Total current liabilities 19,317 21,381
 Deferred income taxes 3,923 4,011
 Shareholders' equity:
 Common stock 64,226 49,275
 Retained earnings 89,223 65,386
 Translation adjustments 1,880 1,128
 Total shareholders' equity 155,329 115,789
 Total $178,569 $141,181
 -0- 2/4/92
 NOTE TO EDITORS: Aldus, the Aldus logo, PageMaker, Aldus FreeHand, Persuasion, PrePrint, SuperCard and SuperPaint are registered trademarks, and Digital Darkroom, Gallery Effects, Personal Press and Super 3D are trademarks of Aldus Corp. PhotoStyler is a trademark of U-Lead Systems Inc.
 /CONTACT: Mary Batterson of Aldus, 206-628-2383/
 (ALDC) CO: Aldus Corp. ST: Washington IN: CPR SU: ERN


JH-SC -- SE002 -- 6546 02/04/92 09:32 EST
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