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QUARTERDECK OFFICE SYSTEMS INC. REPORTS FIRST QUARTER RESULTS

 QUARTERDECK OFFICE SYSTEMS INC. REPORTS FIRST QUARTER RESULTS
 SANTA MONICA, Calif., Jan. 28 /PRNewswire/ -- Quarterdeck Office Systems, Inc. (NASDAQ: QDEK) today reported net earnings of $3,651,000, or $0.18 per share, for its first fiscal quarter ended Dec. 31, 1991. For the corresponding prior year period, Quarterdeck's net earnings equaled $4,074,000, or $.22 per share, based on 10 percent fewer shares outstanding. Sales for the current first quarter rose 14.5 percent to a record high $15,278,000 from $13,349,000 in the first quarter of 1990.
 Quarterdeck's President and Chief Executive Officer Therese Myers attributed the sales growth to a strong response to the new releases of the company's QEMM and DESQview software. She added that international sales continued to expand at a rapid pace during the quarter.
 As to earnings, Myers said, "Our bottom line results reflect a higher level of spending in order to keep pace with our growth plans. We incurred higher advertising costs and enhanced customer service and support related to new releases and upgrades, increased trade show expenses and have invested in new store-front training centers. It's important to note, however, that this marks our third consecutive quarter of successively higher sales and earnings, and that our net after-tax margin for the quarter was at a healthy 24 percent."
 Myers also announced that DESQview/X, Quarterdeck's newest software product, is on target for release near the end of Quarterdeck's second fiscal quarter ending March 31, 1992. "This important breakthrough product will permit organizations to share diverse computing resources without having to convert to a single, standardized operating system or hardware," Myers said. "DOS users will be able to run workstation or mainframe programs remotely from their PCs. Conversely, DESQview/X gives mainframe and network users access to DOS-based programs."
 Quarterdeck is a technology leader in the development of software products that enhance the performance of DOS-based personal computer hardware and software. The company develops, markets and supports multitasking, windowing and memory management software designed to bring cost-effective computing solutions to business and professional PC users.
 QEMM, DESQview and DESQview/X are registered trademarks of Quarterdeck Office Systems Inc.
 QUARTERDECK OFFICE SYSTEMS INC.
 CONSOLIDATED STATEMENTS OF EARNINGS
 (Unaudited)
 (Amounts in thousands, except per share data)
 Three Months Ended
 December 31,
 1991 1990
 NET SALES $15,278 $13,349
 COSTS AND EXPENSES:
 Direct costs 1,857 1,291
 Software development
 costs 96 195
 Selling, general and
 administrative
 expenses 8,141 5,140
 Total 10,094 6,626
 OPERATING INCOME 5,184 6,723
 Interest income,
 net 357 121
 EARNINGS BEFORE INCOME
 TAXES 5,541 6,844
 Income tax expense 1,890 2,770
 NET EARNINGS $ 3,651 $ 4,074
 NET EARNINGS PER
 SHARE: $ 0.18 $ 0.22
 WEIGHTED AVERAGE
 NUMBER OF COMMON
 AND COMMON
 EQUIVALENT SHARES
 OUTSTANDING 20,274 18,506
 -0- 1/28/92
 /CONTACT: Ronald B. Hammond, VP Finance of Quarterdeck Office Systems Inc., 310-314-4264; or Cecilia A. Wilkinson of Rifkind Pondel & Parsons, 310-207-9300, for Quarterdeck Office Systems/
 (QDEK) CO: Quarterdeck Office Systems ST: California IN: CPR SU: ERN


CH -- LA009 -- 4034 01/28/92 08:02 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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