Computer Horizons Announces Record Revenues, Up 34 Percent, and Earnings, Up 91 Percent, for 1997.

MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--Feb. 3, 1998--Computer Horizons Corp. (NASDAQ:CHRZ) today reported record revenues and earnings for the year ended Dec. 31, 1997.

Annual revenues advanced by 34 percent in 1997 to $334,729,000 from $249,152,000 a year ago. Net income increased by 91 percent, $22,644,000 compared to $11,864,000 in 1996. Earnings per share (diluted) improved to 84 cents from 46 cents in 1996. Average shares outstanding increased to 27.1 million in 1997, from 26.0 million a year ago.

For the fourth quarter ended Dec. 31, 1997, revenues were $95,063,000, a 41 percent increase over the prior year. Net income totaled $7,273,000 in comparison to $3,436,000 last year. Earnings per share (diluted) were 25 cents in the fourth quarter compared to 13 cents in 1996.

Excluding certain merger related expenses incurred in the fourth quarter, pro forma 1997 earnings per share (diluted) were 87 cents for the year and 28 cents for the fourth quarter.

Commenting on 1997 results, John J. Cassese, president and chairman, stated, "1997 was our best year ever. Along with exceeding our financial objectives, our company is now firmly established as a leading IT services provider."

Cassese continued, "Our fourth quarter results continued the favorable trend of record revenues, expanding margins and better SG&A percentages. In addition to our strong internal growth, we completed two acquisitions that added nicely to our critical mass in key geographic markets. As we move into 1998, we are well positioned both financially and strategically to take advantage of important opportunities."

Additional information regarding Computer Horizons results will be discussed in our conference call scheduled for today at 10:00 am Eastern Time. The dial-in-number is 800/304-2249, access code 220647. The call can be replayed for 72 hours beginning at about 1:00 pm Eastern Time by dialing 800/723-0549. -0-

               Computer Horizons Corp. and Subsidiaries
        Consolidated Condensed Statements of Income (unaudited)
                (in thousands, except per share data)

                            Three Months Ended       Year Ended
                            Dec. 31,   Dec. 31,   Dec. 31,   Dec. 31,
                             1997        1996       1997       1996

Revenues                 $  95,063   $  67,502   $ 334,729  $ 249,152
Direct Costs                62,666      46,591     224,123    172,734
Gross Profit                32,397      20,911     110,606     76,418

 Percent                      34.1%       31.0%       33.0%      30.7%

Selling, General & Admin.   19,154      15,499      70,741     56,903

 Percent                      20.1%       23.0%       21.1%      22.8%

Merger Related Expenses        976        --           976       --
Income from Operations      12,267       5,412      38,889     19,515

 Percent                      12.9%        8.0%       11.6%       7.8%

Net Interest Income/
 (Expense)                   1,176         (26)      1,280       (173)

Equity in JV Net
 Earnings (Loss)              (125)        242          13        885
Income Before Income
 Taxes                      13,318       5,628      40,182     20,227
Income Taxes                 6,045       2,192      17,538      8,363
Net Income               $   7,273   $   3,436   $  22,644  $  11,864

Earnings Per Share:
  Basic                  $    0.26   $    0.14   $    0.88  $    0.48
  Diluted                $    0.25   $    0.13   $    0.84  $    0.46

Weighted Average Number
 of Shares Outstanding:

  Basic              27,667,000   24,689,000   25,680,000   24,493,000
  Diluted            29,074,000   26,132,000   27,102,000   26,028,000
-0-

1996 data has been adjusted to reflect the three-for-two stock split
in the form of a 50 percent stock distribution declared by the
company on May 7, 1997.
-0-

    Computer Horizons Corp.(NASDAQ:CHRZ), founded in 1969, is a
diversified information technology services company with 3,500
employees.  Through its international network of 45 offices, it
provides clients with resource augmentation, advanced technology
solutions to business problems through applications development,
client/server migration, network management, emerging technologies,
and legacy systems maintenance, including its industry-leading
solution to the millenium date-change problem, CHC's Signature
2000(TM).  For more information, visit the Computer Horizons website
at www.chccorp.com.
    This press release contains certain "forward-looking statements"
for purposes of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 that involves risks and
uncertainties that could cause actual results to differ materially.
Such statements are based upon, among other things, assumptions made
by, and information currently available to management, including
management's own knowledge and assessment of the company's industry
and competition.

CONTACT: Computer Horizons Corp., Mountain Lakes

William J. Murphy, 973/299-4000