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ALDUS REPORTS FOURTH-QUARTER AND 1992 YEAR-END RESULTS

 SEATTLE, Feb. 2 /PRNewswire/ -- Aldus Corp. (NASDAQ: ALDC) today announced revenues and earnings for the fourth quarter and year ended Dec. 31, 1992.
 Revenues for the year were up 4 percent, from $167.5 million in 1991 to $174.1 million, while net earnings declined from $23.8 million, or $1.54 per share, in 1991 to $6.8 million, or 47 cents per share, in 1992.
 Revenues for the fourth quarter ended Dec. 31, 1992, grew to a record of $45.9 million, increasing by 7 percent from $42.7 million last year. Fourth-quarter earnings were $1.9 million, or 14 cents per share, compared with $4.5 million, or 29 cents per share, in the same quarter a year ago.
 "While earnings for the year were disappointing, the company's financial performance improved in the fourth quarter from earnings per share of 7 cents in the third quarter 1992," said Bill McAleer, vice president of finance and chief financial officer. "This improvement was attributable to several targeted sales and marketing programs which generated increased revenues in the fourth quarter. At the same time, we realized cost savings from our worldwide restructuring at mid-year," said McAleer.
 International revenues for the fourth quarter of 1992 were 52 percent of total revenues, versus 49 percent in 1991. Sales in Sweden and Germany, our largest European subsidiary, improved from the third quarter, and sales in our Japan subsidiary exceeded expectations. The French, Benelux and U.K. subsidiaries continued to be affected by recessionary conditions.
 Overall operating costs rose in 1992 due to increased levels of spending for sales and marketing programs, additional investment in research and development, as well as one-time charges of $2.1 million in the second and third quarters for restructuring, acquisition of the Irish subsidiary and obsolete product inventory. General and administrative costs were also affected as Aldus invested in new international subsidiaries in Benelux, Japan and Australia.
 During the fourth quarter, the company shipped Fetch, a new image retrieval product, and announced the appointment of Sandy Smith as chief operating officer. Smith had been acting chief operating officer and previously was vice president of operations for Aldus. In January, Aldus named Kenneth A. Grunzweig as vice president of marketing. Grunzweig was formerly with Lotus Development Corp.
 Also in January, Aldus announced the new version of PageMaker, its flagship product, which is expected to ship in the domestic and Canadian markets during the first half of the year. The company also recently released its new prepress color trapping product, TrapWise.
 Aldus Corp. creates computer software solutions that help people throughout the world effectively communicate information and ideas. The Aldus product line includes Aldus PageMaker -- the company's flagship program -- as well as Aldus Digital Darkroom, Aldus Fetch, Aldus FreeHand, Aldus Gallery Effects, Aldus IntelliDraw, Aldus Personal Press, Aldus Persuasion, Aldus PhotoStyler, Aldus PrePrint, Aldus PressWise, Aldus SuperCard and Aldus SuperPaint. The company distributes its products through an international network of more than 16,000 dealers and distributors.
 NOTE: Aldus, the Aldus logo, PageMaker, Aldus FreeHand, Persuasion, PrePrint, SuperCard and SuperPaint are registered trademarks, and Digital Darkroom, Fetch, Gallery Effects, IntelliDraw, Personal Press, PressWise and TIFF are trademarks of Aldus Corp. PhotoStyler is a registered trademark of U-Lead Systems Inc. licensed to Aldus Corp. Other product and corporate names may be trademarks or registered trademarks of other companies, and are used only for explanation and to the owners' benefit, without intent to infringe.
 ALDUS CORP.
 CONSOLIDATED STATEMENTS OF INCOME
 (In thousands, except earnings-per-share data)
 Three Months Year
 Ended Dec. 31: 1992 1991 1992 1991
 Net sales $45,891 $42,695 $174,132 $167,530
 Cost of sales 11,260 8,722 39,421 32,590
 Gross margin 34,631 33,973 134,711 134,940
 Sales and marketing 17,684 15,552 69,634 57,211
 General and administrative 7,863 6,368 31,208 24,466
 Software development costs:
 Research and development 4,790 3,854 17,684 14,125
 Amortization of capitalized
 software development costs 2,388 2,781 10,128 9,288
 Income from operations 1,906 5,418 6,057 29,850
 Interest income, net 964 1,346 4,227 5,042
 Other income (expense), net (32) (247) (366) (211)
 Income before provision for
 income taxes 2,838 6,517 9,918 34,681
 Provision for income taxes 905 2,020 3,139 10,844
 Net income $ 1,933 $ 4,497 $ 6,779 $ 23,837
 Net income per share $ 0.14 $ 0.29 $ 0.47 $ 1.54
 Weighted average number
 of common shares 13,840 15,549 14,543 15,489
 ALDUS CORP.
 CONDENSED BALANCE SHEETS
 (In thousands)
 Dec. 31: 1992 1991
 ASSETS
 Current Assets:
 Cash and marketable securities $ 71,140 $106,215
 Accounts receivable 21,946 25,284
 Income taxes receivable -- 1,264
 Inventories 5,780 6,024
 Deferred income taxes 5,788 3,421
 Prepaid expenses 3,710 4,158
 Total current assets 108,364 146,366
 Property and equipment, net 25,418 17,556
 Other assets 22,501 14,647
 Total $156,283 $178,569
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Current Liabilities:
 Short-term borrowings $ 1,604 $ --
 Accounts payable 8,180 5,290
 Accrued liabilities 15,399 12,571
 Deferred revenue 1,570 1,456
 Income taxes payable 1,336 --
 Total current liabilities 28,089 19,317
 Deferred income taxes 1,038 3,923
 Shareholders' Equity:
 Common stock 34,997 64,226
 Retained earnings 96,002 89,223
 Translation adjustments (3,843) 1,880
 Total shareholders' equity 127,156 155,329
 Total $156,283 $178,569
 -0- 2/2/93
 /CONTACT: John Snyder, investor relations contact, 206-343-3289, or Brad Stevens, media contact, 206-628-2361, both of Aldus/
 (ALDC)


CO: Aldus Corp. ST: Washington IN: CPR SU: ERN

LM -- SE003 -- 1703 02/02/93 09:31 EST
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Date:Feb 2, 1993
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