FDP announces record revenues and 46% increase in operating income for second quarter.

MIAMI--(BUSINESS WIRE)--June 19, 1997--FDP Corp. (Nasdaq:FDPC) Thursday announced the financial results for the second quarter ended May 31, 1997.

Revenues for the quarter increased 24% to $7,892,000 vs. $6,378,000 in last year's comparable quarter. Operating profit for the quarter rose 46% to $778,000 as compared to $534,000 for the prior year. Net earnings for the second quarter increased 31% to $705,000 or $.12 per share vs. $538,000 or $.09 per share a year ago.

For the six month period ended May 31, 1997, total revenues also reached a record high increasing 23% to $15,154,000 as compared to $12,278,000 for the same period last year. Operating profit for the six month period increased 32% to $1,268,000 as compared to $961,000 for the prior year. Net earnings for the six month period increased by 23% to $1,234,000 or $.21 per share, up from $1 million or $.18 per share for the prior year.

Driving the record growth for the second quarter was a 32% increase in overall software revenues specifically related to FDP/COMPASS and FDP/XL. Revenues for the FDP/COMPASS, the company's group pension/annuity administration system, rose 140% to $2.4 million as compared to $1.0 million for the prior year. The increase was due to revenue derived from six international contracts executed for installation of the product covering South Africa, the United Kingdom and Australia. In addition, revenues for FDP/XL, the company's sales illustration system under Windows(tm), increased 38% in the second quarter to $1.1 million as compared to $.8 million for the prior year.

Michael C. Goldberg, chairman and chief executive officer, stated: "Our strong international growth coupled with the success of our FDP/VISION strategy, has brought the company to record revenues and higher earnings. During the second quarter, we opened the company's first international office in South Africa to support our already strong customer base there and capitalize on the potential for sales in that emerging market. We also released the FDP/PEN Proposal System for Windows(tm), a product designed to illustrate qualified tax deferred benefits such as 401(k) plans. The release of this product adds a new dimension to our FDP/VISION strategy and opens up new market opportunities for cross selling the company's current suite of life insurance Windows(tm) based products. We expect our growth to continue for the remainder of fiscal 1997 as demand for the company's software products continues to expand in the international marketplace and we release further products under FDP/VISION."

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-

"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. -0-

                          FDP Corp.
                    Selected Financial Data

                      Three Months Ended       Six Months Ended
                           May 31,                  May 31,

                         (In thousands except per share data)

                       1997       1996          1997        1996

Revenue              $ 7,892    $ 6,378      $ 15,154    $ 12,278
Operating Profit     $   778    $   534      $  1,268    $    961
Earnings Before
 Income Taxes        $ 1,085    $   788      $  1,899    $  1,465
Net Earnings         $   705    $   538      $  1,234    $  1,000
Earnings Per Share   $   .12    $   .09      $    .21    $    .18
Weighted Average
 No. of Shares         5,850      5,731         5,858       5,675

                                        May 31,
                                  1997          1996

Cash & Marketable Securities    $19,183       $16,163
Stockholders' Equity            $25,089       $21,893
Total Assets                    $29,794       $25,313

CONTACT: FDP Corp., Miami

Mark Silverman, Chief Financial Officer

305/858-8200