Computer Horizons Reports Net Income up 127 Percent and Revenues up 42 Percent for Third Quarter 1997.

MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--Oct. 21, 1997--Computer Horizons Corp. (NASDAQ: CHRZ) today announced record revenues and record earnings for its third quarter and nine months ending Sept. 27, 1997.

Revenues advanced by 42 percent over the comparative 1996 third quarter, while net income was 127 percent higher, primarily due to continued margin improvements driven by the company's Year 2000 Solutions business. Revenues were $81,383,000 compared to $57,275,000, while net income was $5,978,000 compared to $2,633,000. Earnings per share were 23 cents compared to 10 cents on average outstanding shares of 26,093,000 and 25,376,000, respectively.

For the nine months of 1997, net income was $14,903,000, up 85 percent compared to 1996. Revenues improved by 33 percent to $226,846,000 from $170,338,000 last year, while earnings per share increased to 58 cents from 32 cents in 1996.

"We continue to see the leveraging of our capabilities and product offerings result in improved profitability," said John Cassese, chairman and president. "Our Year 2000 Solutions offerings are leading the company's growth, and at the same time, our core staffing business is strong."

Referring to CHC's Signature 2000(TM), the company's Year 2000 millennium date-field service/tool offering, Cassese stated that "we continue to be selected as the Year 2000 partner for some of the world's largest organizations. We derived $20 million or 25 percent of our third quarter revenue from Year 2000 business. This compared to less than $3 million in the third quarter of 1996."

Additional information regarding the company's results will be discussed in its conference call scheduled for today at 10:00 a.m. EST. The dial-in number is 800-304-2249, access code 137863. The call can be replayed for 72 hours beginning at about 12:00 noon EST by dialing 800-938-0928. -0-

Computer Horizons Corp. and Subsidiaries
Consolidated Condensed Statements of Income (unaudited)
(In thousands, except per share data)
                         Three Months Ended        Nine Months Ended
                        9/27/97      9/27/96     9/27/97       9/27/96

Revenues             $   81,383  $    57,275  $   226,846  $   170,338
Direct Costs             54,421       39,756      153,542      119,084
Gross Profits            26,962       17,519       73,304       51,254
 %                         33.1%        30.6%        32.3%        30.1%
Selling, Admin. &
 General                 16,477       13,177       47,542       37,802
 %                         20.2%        23.0%        21.0%        22.2%
Income from Operations   10,485        4,342       25,762       13,452
 %                         12.9%         7.6%        11.4%         7.9%
Net Interest Income/
 (Expense)                   77          (16)         112         (140)
Equity in JV Net
 Earnings                   (75)         200          138          643
Income Before
 Income Taxes            10,487        4,526       26,012       13,955
Income Taxes              4,509        1,893       11,109        5,882
Net Income           $    5,978  $     2,633  $    14,903  $     8,073
Earnings per Share:
 Net Income          $     0.23  $      0.10  $      0.58  $      0.32
Weighted Average
 Number of Shares
 Outstanding         26,093,000   25,376,000   25,878,000   25,427,000

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.

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Computer Horizons Corp. (Nasdaq: CHRZ), founded in 1969, is a diversified information technology services company with 3,200 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 millennium date-change problem, CHC's Signature 2000(TM). For more information, visit the Computer Horizons website at www.chccorp.com.

CONTACT: Computer Horizons, Mountain Lakes

William J. Murphy, 973/299-4000