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SERVING SOFTWARE REPORTS RECORD FIRST-QUARTER RESULTS

 SERVING SOFTWARE REPORTS RECORD FIRST-QUARTER RESULTS
 MINNEAPOLIS, May 6 -- Serving Software, Inc., (NASDAQ:SERV) reported


record revenues and net earnings for its first quarter ended March 31, 1992.
 Revenues for the quarter increased 109 percent to $2,583,000 from $1,235,000 in the first quarter of 1991. Net earnings for the quarter were $83,000 or 2 cent per share, compared with a loss of $53,455 or 2 cents per share a year earlier. The company completed its initial public offering during this year's first quarter.
 Most of the increase can be attributed to sales of CAMS products and services, which totalled $950,000 for the quarter, John Haugo, president and chief executive officer, said. Revenue other than CAMS increased 32 percent from the first quarter of 1991.
 CAMS, which utilizes handheld computer and bar code reader technology to track hospital durable equipment, was purchased from ATI Medical, Inc., effective Jan. 1.
 "We are pleased with our strong results for the first quarter," Haugo said. "Most hospital capital purchases are made late in the year, and our sales are normally lowest in the first quarter."
 Serving Software develops, markets, installs, and services specialized software systems for hospital resource management which operate on PC-based local area networks. The company has more than 700 clients and is the leading provider of surgery management systems in the U.S. and Canada, with distributors in Germany, Italy and Great Britain.
 SERVING SOFTWARE, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (UNAUDITED)
 Three Months Ended
 March 31,
 1992 1991
 Revenues $2,583,037 $1,235,059
 Cost of revenue 616,648 377,738
 Gross profit 1,966,389 857,321
 Software research 119,687 114,541
 Selling, general and administrative
 expenses 1,686,435 843,251
 Interest 22,161 6,439
 Income (loss) from operations
 before income taxes 138,106 (106,910)
 Income tax expense 55,242 (53,455)
 Net income (loss) $82,864 $(53,455)
 Net income (loss) per share $.02 $(.02)
 Weighted average common shares
 outstanding 3,682,508 3,382,929
 -0- 5/6/92
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen, 612-371-0000, for Serving Software or John Haugo or Wesley Schultz of Serving Software, 612-623-4038/
 (SERV) CO: Serving Software, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN011 -- 7215 05/06/92 15:16 EDT
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Publication:PR Newswire
Date:May 6, 1992
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