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NDC REPORTS REVENUE AND NET INCOME FOR THE SECOND QUARTER OF FISCAL 1993

 ATLANTA, Dec. 22 /PRNewswire/ -- National Data Corporation (NASDAQ: NDTA) today announced revenue of $50.0 million and earnings of 14 cents per share for its second quarter ended Nov. 30, compared to revenue of $51.6 million and earnings per share of 10 cents for the first quarter ended Aug. 31.
 In the second quarter of the previous year, the company earned 17 cents per share on revenue of $54.4 million.
 For the six months ended Nov. 30, revenue was $101.6 million and earnings were 24 cents, compared to $108.1 million and 33 cents for the same period last year.
 Revenue continued to be impacted by the economy and the planned phase-out of the communications services business. In the healthcare sector, electronic claims revenue grew 30 percent.
 Cost and expense actions taken during this quarter will show full impact in the second half of the fiscal year. Even so, marketing and administrative costs declined approximately $2 million as a result of cost containment programs initiated in the quarter -- after the effect of severance charges due to personnel reductions.
 "Debt was significantly reduced during this period and cash flow remains strong," said Robert A. Yellowlees, chairman and chief executive officer.
 "These results reflect continued progress in the company's turnaround," he said. "We are actively investing in new marketing programs while eliminating unessential cost and expense. Both will serve us well going forward.
 "Cost containment programs in the healthcare and government segments of the market represent exceptional opportunities for us. As market leaders in both areas, we are well positioned to take advantage of this. We are also optimistic about the direction we are moving in the retail and corporate segments.
 "Now that we have begun turning around operating results," said Yellowlees, "we can concentrate on growth. Our strong balance sheet and positive cash flow provide the capital for expansion through internal investment and acquisition."
 National Data Corp. is a leading provider of value-added application systems and services for the healthcare, retail, government and corporate markets.
 NATIONAL DATA CORPORATION
 SECOND QUARTER FISCAL 1993
 REVENUE BY SOURCE Quarter Ended (Unaudited)
 (In thousands) 11/30/91 2/29/92 5/31/92
 Retail Application Systems and
 Services $30,180 $31,204 $29,636
 Healthcare Application Systems and
 Services 12,007 11,815 13,212
 Government and Corporate Systems and
 Services 6,155 6,248 6,123
 International Services 2,050 1,952 1,805
 Communication Services 4,005 3,507 2,930
 Total data processing revenue $54,397 $54,726 $53,706
 REVENUE BY SOURCE Quarter Ended (Unaudited)
 8/31/92 11/30/92
 (In thousands)
 Retail Application Systems and
 Services $29,247 $27,593
 Healthcare Application Systems and
 Services 13,003 13,183
 Government and Corporate Systems
 and Services 5,640 5,387
 International Services 1,830 1,525
 Communication Services 1,876 2,277
 Total data processing revenue $51,596 $49,965
 SUMMARY OF OPERATIONS Quarter Ended (Unaudited)
 (In 000's except per share data) 11/30/91 2/29/92 5/31/92
 Revenue $54,397 $54,726 $53,705
 Cost of service 32,212 32,659 33,354
 Marketing and administration 18,224 18,076 17,688
 Total 50,436 50,735 51,042
 Operating income 3,961 3,991 2,663
 Investment and other income 443 653 466
 Interest expense (991) (931) (723)
 Total (548) (278) (257)
 Income before income taxes 3,413 3,713 2,406
 Provision for income taxes 1,433 1,561 1,010
 Net income $ 1,980 $ 2,152 $ 1,396
 Net income per share of common stock $0.17 $0.18 $0.11
 SUMMARY OF OPERATIONS Quarter Ended (Unaudited)
 (In 000's except per share data) 8/31/92 11/30/92
 Revenue $51,596 $49,965
 Cost of service 31,202 30,420
 Marketing and administration 18,129 16,309
 Total 49,331 46,729
 Operating income 2,265 3,236
 Investment and other income 722 558
 Interest expense (1,016) (778)
 Total (294) (220)
 Income before income taxes 1,971 3,016
 Provision for income taxes 828 1,267
 Net income $ 1,143 $ 1,749
 Net income per share of common stock $0.10 $0.14
 NATIONAL DATA CORPORATION
 SECOND QUARTER FISCAL 1993
 REVENUE BY SOURCE
 Six months ended 11/30/92 11/30/91
 (In thousands) (Unaudited)
 Retail Application Systems and
 Services $ 56,838 $ 60,934
 Healthcare Application Systems and
 Services 26,183 22,708
 Government and Corporate Systems
 and Services 11,027 12,396
 International Services 3,352 3,991
 Communication Services 4,153 8,024
 Total data processing revenue $101,553 $108,053
 SUMMARY OF OPERATIONS
 Six months ended 11/30/92 11/30/91
 (In 000's except per share data) (Unaudited)
 Revenue $101,553 $108,053
 Cost of service 62,041 64,466
 Marketing and administration 34,046 35,568
 Total 96,087 100,034
 Operating income 5,466 8,019
 Investment and other income 1,099 1,193
 Interest expense (1,608) (2,542)
 Total (509) (1,349)
 Income before income taxes 4,957 6,670
 Provision for income taxes 2,082 2,801
 Net income $ 2,875 $ 3,869
 Net income per share of common stock $0.24 $0.33
 -0- 12/22/92
 /CONTACT: Jerry W. Braxton of National Data Corp., 404-728-2529/
 (NDTA)


CO: National Data Corporation ST: Georgia IN: CPR SU: ERN

RA-BR -- AT017 -- 9356 12/22/92 18:24 EST
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Date:Dec 22, 1992
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