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CYCARE SYSTEMS INC. ANNOUNCES 1992 SECOND QUARTER NET INCOME

 CYCARE SYSTEMS INC. ANNOUNCES 1992 SECOND QUARTER NET INCOME
 SCOTTSDALE, Ariz., July 15 /PRNewswire/ -- CyCare Systems Inc. (NYSE: CYS) today reported net income of $380,000 or $.07 per share on revenues of $18.9 million for the second quarter ended June 30, 1992. This compares with a net income of $578,000 or $.10 per share on revenues of $19.1 million for the same time period in 1991.
 Net income of $707,000 or $.13 per share was reported for the first six months, compared with net income of $1.0 million or $.18 per share last year. Six-month revenues were reported at $38.2 million vs. $38.0 million in 1991.
 System revenues were improved over last year by 13 percent for the quarter and 26 percent for the year. Contributing to this improvement are sales of Practice Maximizer, CyCare's newest UNIX- based practice management system. Sales of the product have increased from quarter to quarter and this trend is expected to continue.
 Although system revenues were improved, margins were lower because of a higher mix of hardware revenue which carries a lower margin than software revenue. This change in the mix is a result of Living Software pricing which took effect the second half of 1991. Living Software is designed to increase the company's base of recurring revenue by shifting up-front software revenue to revenue recognized over the life of a five-year contract. Thus, short-term revenue and profit are lower.
 During the first half of the year, CyCare has signed several large agreements for electronic claims processing with a number of major vendors and dealers of physician practice management systems. The company anticipates revenue growth from this business during the second half of 1992.
 CyCare is one of the nation's leading providers of computerized information processing systems and services to the health care industry with more than 4,800 clients, including physicians and medical group practices, dental practices and hospital-based physicians.
 Headquartered in Scottsdale, the company's product, sales and service centers are located in Atlanta; Chicago; Dallas; Detroit; Dubuque, Iowa; Houston; Long Island, N.Y.; Minneapolis; Portland, Ore.; San Antonio; San Diego; and Woodland Hills, Calif.
 CYCARE SYSTEMS INC.
 Condensed Consolidated Income Statements
 Periods ended June 30, 1992 and 1991
 (In thousands, except per share data)
 (Unaudited)
 Three months Six months
 1992 1991 1992 1991
 Revenues:
 Services $16,226 $16,420 $32,704 $33,437
 Systems 2,447 2,170 5,023 3,977
 Interest 44 133 102 188
 Other 148 351 337 395
 Total 18,865 19,074 38,166 37,977
 Costs and expenses:
 Costs of services 8,988 8,855 18,404 17,866
 Costs of systems sold 1,643 1,158 3,376 2,190
 Software product
 amortization 628 550 1,267 1,087
 Research and development 749 888 1,440 2,224
 Sales and administration 5,942 6,110 11,933 12,017
 Interest 248 375 516 794
 Total 18,198 17,936 36,936 36,178
 Income before taxes 667 1,138 1,230 1,819
 Income taxes 287 560 523 809
 Net income $380 $578 $707 $1,010
 Earnings per share $.07 $.10 $.13 $.18
 Weighted average shares
 outstanding 5,647 5,580 5,654 5,592
 -0- 7/15/92
 /CONTACT: Mark Schonau, CFO, 602-596-4374, or Kathy Schauer, (investors), 602-596-4370, both of CyCare Systems/
 (CYS) CO: CyCare Systems Inc. ST: Arizona IN: CPR SU: ERN


JL-EH -- LA007 -- 9388 07/15/92 08:55 EDT
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Date:Jul 15, 1992
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