Concurrent Computer Corp. reports revenue growth for the first quarter fiscal year 1997, ended Sept. 28, 1996.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 8, 1996--Concurrent Computer Corp. (NASDAQ:CCUR) Friday reported revenues of $27.8 million for the first quarter of fiscal year 1997, compared to $26.5 million for the first quarter of fiscal year 1996, and $18.7 million for the fourth quarter of fiscal year 1996.

This represents an 8% increase from the same quarter of fiscal year 1996, and a 48% increase from the fourth quarter of fiscal year 1996. The increase in revenue is largely the result of the successful integration of Harris Computer Systems' real time business into Concurrent Computer Corp. Income after tax, excluding one time charges, was $1.0 million compared to a loss of $1.9 million for the first quarter of fiscal year 1996, and a loss of $5.2 million for the fourth quarter of fiscal year 1996.

"The integration of Harris Computer Systems' Real Time Division with Concurrent created a new company with the strength required to complete the turnaround process," said Corky Siegel, Concurrent's president and chief executive officer. "All aspects of the business have improved compared to the fourth quarter of fiscal year 1996. Equipment revenue doubled to $13.4 million, costs were eliminated from the operations resulting in equipment gross margin increasing from 38.7% to 46.8%, maintenance gross margin increasing from 37.1% to 46.1%, and indirect expenses decreasing $1.1 million. We have largely put the transition costs associated with the acquisition behind us. The revenue increase is encouraging, especially taking into account that the summer in Europe is typically a slow time. All things considered, I am pleased with the current position of the company and encouraged about its future."

Loss for the quarter is $4.1 million, or $.10 per share, compared to a loss of $3.6 million for the first quarter of fiscal year 1996, and a loss of $34.1 million for the fourth quarter of 1996. The loss includes a one-time non-cash charge of $4.1 million in connection with the revaluation of approximately 680,000 shares acquired by Concurrent in connection with the acquisition of Harris Computer Systems' Real Time Division.

The results also include a $1.9 million charge in connection with combining the operations of Harris Computer Systems and Concurrent. This charge was offset partially by a $1.0 million benefit from the discontinuation of post- retirement benefits under FASB 106.

Concurrent Computer Corp., headquartered in Fort Lauderdale, is a leading supplier of high-performance, real-time computer systems, software and solutions to commercial and government markets. The company focuses on strategic business areas that include: simulation; data acquisition; instrumentation and process control; telecommunications; interactive real-time consisting of video-on-demand and wagering and gaming; and vibration control. Operating in 22 countries worldwide, it provides sales and support from offices throughout North America, Europe, and Asia, as well as through authorized distributors, resellers and representatives. Products are designed, manufactured and distributed directly from the company's 228,000 square-foot facility. -0-

CONCURRENT COMPUTER CORP.

                             QUARTER 1 INCOME STATEMENT
                          FY'97 ACTUAL            FY'96 ACTUAL
                       ------------------      ------------------
                           $         %             $        %
                       --------   --------     --------  --------
Revenue
  Equipment            $ 13,374      48.2%     $ 11,533     43.6%
  Maintenance            14,383      51.8%       14,919     56.4%
                       --------   --------     --------  --------
Total                    27,757     100.0%       26,452    100.0%

Cost of Sales
  Equipment               7,109      53.2%        6,471     56.1%
  Maintenance             7,758      53.9%        8,776     58.8%
  Transition/One Time
    Cost                    738       5.1%
                       --------   --------     --------  --------
Total COS                15,605      56.2%       15,247     57.6%

Gross Margin             12,152      43.8%       11,205     42.4%

Development               3,356      12.1%        3,715     14.0%
Selling, General and
  Administrative          7,231      26.1%        7,952     30.1%
  Transition/Restructuring
    cost                  1,234       4.4%            0      0.0%
  Postretirement Benefit/
    Reversal FASB 106     (981)     (3.5%)            0      0.0%
                       --------   --------     --------  --------
Total Indirect           10,840      39.1%       11,667     44.1%

Operating Income          1,312       4.7%        (462)    (1.7%)

Interest Income/(Expense) (607)     (2.2%)        (583)    (2.2%)
Other Income/(Expense)    (259)     (0.9%)        (487)    (1.8%)
Other Non-recurring
  Charges               (4,068)    (14.7%)      (1,700)    (6.4%)

IBT                     (3,622)    (13.0%)      (3,232)   (12.2%)
Taxes                       440       1.6%          400      1.5%
IAT                    ($4,062)    (14.6%)     ($3,632)   (13.7%)
                       ========   ========     ========  ========
Shares                   42,345                 30,311
Earnings per share      ($0.10)                 ($0.12)

Without Transition and Restructuring Expense,
CyberGuard Stock Loss and other non-recurring charges

IAT                        $997                ($1,932)
                       ========                ========
Earnings per Share        $0.02                 ($0.06)

-0-

Note: For additional company or product information from Concurrent Computer Corp. via fax, call 888/286-6418 or visit our website at http://www.ccur.com.

NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.ccur.com. These symbols may not appear properly in some systems.

CONTACT: Concurrent Computer Corp.

Corporate Communications

Beth Alonzo, 954/973-5100