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CONSILIUM ANNOUNCES SECOND QUARTER RESULTS

 MOUNTAIN VIEW, Calif., May 24 /PRNewswire/ -- Consilium Inc. (NASDAQ: CSIM), the leading supplier of manufacturing execution systems (MES) software and services, announced today that revenues for its second quarter ended April 30, 1993, were $8,002,000, up 33 percent from revenues of $6,012,000 for the previous quarter and 14 percent over revenues of $7,005,000 for the same period a year ago. The quarter's net loss was $513,000, or 7 cents per share, compared with a net loss of $687,000, or 10 cents per share, for the same quarter last year.
 For the six-month period, revenues were $14,014,000, compared with revenues of $13,212,000 for the first six months of 1992. Net loss for the period was $2,176,000, or 31 cents per share, compared with $1,478,000, or 21 cents per share.
 In addition to its second quarter revenue, Consilium received additional contracts from customers for approximately $2.3 million that will be recognized in future quarters.
 "As the manufacturing world undergoes a profound shift in its technology base, we remain confident that our strategy of product investment for new technologies and new industries is the right one," said Thomas Tomasetti, president and chief executive officer of Consilium. "Manufacturers are spending extra time evaluating new systems and planning for integration of older systems. For the present, this is resulting in longer sales cycles for companies like Consilium. However, the drive towards open systems is irreversible, and Consilium has positioned itself very well to take advantage of future growth in the marketplace."
 During the quarter, Consilium signed a major agreement with Honeywell Industrial Automation and Control to provide a unified manufacturing and control system for process industries. As part of the agreement, Consilium is receiving $4 million in non-refundable prepaid license fees from Honeywell -- with $2.7 million recognized in the just- ended quarter. Consilium management expects the alliance will result in significant sales opportunities for its FlowStream product in the chemical and pharmaceutical industries.
 Sales Highlights
 Consilium believes the Honeywell alliance is a reflection of the growing acceptance of FlowStream as a premier MES solution for process industries. Further confirmation of Consilium's product investment came in the second quarter from strategic sales to new Consilium customers: FlowStream was sold to the cardiovascular group of Baxter Healthcare Corp., and WorkStream Open was sold to Zilog, a semiconductor manufacturer. South Carolina Research Authority, which maintains military spare parts depots, added a WorkStream site while Workstream software add-ons or upgrades were sold to The Boeing Co., Seagate Microelectronics and NCR, an electronics company.
 Consilium Inc. is the leading supplier of manufacturing execution systems (MES) software and services. With its WorkStream and FlowStream product lines, Consilium offers solutions that address key manufacturing issues, including regulatory compliance, quality control and continuous improvement, leading to World Class Manufacturing. The company is headquartered in Mountain View.
 NOTE: FlowStream and WorkStream are registered trademarks and WorkStream Open is a trademark of Consilium Inc.
 CONSILIUM INC.
 Consolidated Statements of Operations
 (In thousands, except per-share data; unaudited)
 Three Months Six Months
 Ended April 30: 1993 1992 1993 1992
 Revenues:
 Product $ 4,118 $ 3,252 $ 6,246 $ 5,896
 Maintenance 2,393 2,337 4,809 4,579
 Services 1,491 1,416 2,959 2,737
 Total revenues 8,002 7,005 14,014 13,212
 Cost of revenue
 Product 522 418 1,013 820
 Services 1,433 1,311 2,719 2,475
 Total cost of revenue 1,955 1,729 3,732 3,295
 Gross margin 6,047 5,276 10,282 9,917
 Expenses:
 Selling and marketing 3,327 3,477 6,354 6,693
 Research and development 2,369 2,486 4,537 4,524
 General and administrative 797 507 1,560 1,275
 Total operating expenses 6,493 6,470 12,451 12,492
 (Loss) from operations (446) (1,194) (2,169) (2,575)
 Interest income, net 83 154 178 337
 Income (loss) before income
 taxes (363) (1,040) (1,991) (2,238)
 Provision (benefit) for
 income taxes 150 (353) 185 (760)
 Net income (loss) $ (513) $ (687) $(2,176) $(1,478)
 Earnings per share $ (0.07) $ (0.10) $ (0.31) $ (0.21)
 Shares used in per-share
 calculations: 7,022 6,901 7,004 6,887
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (In thousands)
 April 30, Oct. 31,
 ASSETS 1993 1992
 Current Assets:
 Cash and cash equivalents $ 3,992 $ 2,731
 Short-term investments 9,803 12,806
 Accounts receivable, net 8,623 6,942
 Other current assets 1,990 2,746
 Total current assets 24,408 25,225
 Property & equipment (net) 3,257 3,517
 Software production costs (net) 5,568 5,407
 Other assets 348 357
 Total Assets $33,581 $34,506
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities:
 Accounts payable $ 1,702 $ 1,836
 Deferred revenue 4,587 4,116
 Capital lease obligation 370 316
 Other current liabilities and
 accrued expenses 1,523 1,603
 Total current liabilities 8,182 7,871
 Deferred revenue 912 404
 Deferred income taxes 2,334 2,334
 Capital lease obligation 507 464
 Accrued lease obligation 200 241
 Total liabilities 12,135 11,314
 STOCKHOLDERS' EQUITY
 Total stockholders' equity 21,446 23,192
 TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY $33,581 $34,506
 -0- 5/24/93
 /CONTACT: Darby Dye, investor relations manager of Consilium, 415-691-6100; or Joanne Marlin of Thomas Associates, 415-325-6236, for Consilium/
 (CSIM)


CO: Consilium Inc. ST: California IN: CPR SU: ERN

SG-GT -- SJ010 -- 1932 05/24/93 20:59 EDT
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Date:May 24, 1993
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