FDP announces 23% revenue growth and 15% increase in net earnings for first quarter.

MIAMI--(BUSINESS WIRE)--March 18, 1997--FDP Corp. (NASDAQ:FDPC) Tuesday announced the financial results for the first quarter ended Feb. 28, 1997.

Revenues for the quarter increased 23% to $7,262,000 versus $5,900,000 in last year's comparable quarter. Operating profit for the quarter rose 15% to $490,000 as compared to $427,000 for the prior year. Net earnings for the first quarter increased 15% to $529,000 or $.09 per share versus $462,000 or $.08 per share a year ago.

Driving the revenue growth for the first quarter was a 30% increase in software related revenues specifically related to two products. Revenues relating to FDP/COMPASS, the company's software for group pension/annuity administration, rose 171% to $1.9 million as compared to $.7 million for the prior year. The increase was related to revenue derived from the five contracts executed for the product in fiscal 1996 and a new three million licensing deal executed in the first quarter of 1997. Revenues for FDP/XL, the company's sales illustration system under Windows(tm), increased 57% in the first quarter to $1.1 million as compared to $.7 million for the prior year.

Michael C. Goldberg, chairman and chief executive officer, stated: "The first quarter of 1997 began what we expect to be another successful year. We anticipate that the company will grow revenues throughout the year due to the continued success of FDP/COMPASS in the international marketplace and the planned product releases scheduled under FDP/VISION. By continuing to develop and deliver to our customers the products they need to remain competitive in today's rapidly changing marketplace, FDP is confident of continuing its success in 1997."

About FDP

FDP Corp. develops and sells a variety of application software systems that facilitate the sales, marketing and administration functions of life insurance companies and employee benefit administrators. FDP/VISION represents the integration of these software systems into a suite of products under the Windows 95, Windows NT and UNIX operating environments. FDP software systems are currently sold worldwide including the United Kingdom, Australia, South Africa, Netherlands and Canada. The publicly held (NASDAQ:FDPC) company's world headquarters are located in Miami. -0-

                            FDP Corp.
                    Selected Financial Data

                                       Three Months Ended
                               (in thousands except per share data)
                                    Feb. 28,          Feb. 29,
                                      1997              1996
                                    --------          --------

Revenue                             $  7,262          $  5,900

Operating Profit                    $    490          $    427

Earnings Before Income Taxes        $    814          $    676

Net Earnings                        $    529          $    462

Earnings Per Share                  $    .09          $    .08


Weighted Average No. of Shares         5,840             5,524


                                    Feb. 28,          Feb. 29,
                                      1997              1996
                                    --------          --------

Stockholders' Equity                $ 24,169          $ 21,042

Total Assets                        $ 30,171          $ 24,569

Cash & Marketable Securities        $ 19,292          $ 16,073

-0-

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Statements in this release concerning the company's future prospects are "forward-looking statements" under the federal securities laws which represent the company's expectations and beliefs concerning future events, including, but not limited to, statements regarding growth in sales of the company's products, profit margins and the sufficiency of the company's cash flow for the company's future liquidity and capital resource needs. The company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those forward looking statements, including, without limitation, the following: decline in demand for the company's software products; and the effect of general economic conditions generally and factors affecting the life insurance, employee benefits and financial services industries. These statements by their nature involve substantial risks and uncertainties and actual events or results may differ as a result of these and other factors.

CONTACT: FDP Corp., Miami

Mark Silverman, Chief Financial Officer

305/858-8200