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SHARED MEDICAL SYSTEMS CORPORATION REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DEC. 31

 MALVERN, Pa., Feb. 11 /PRNewswire/ -- Shared Medical Systems Corporation (SMS) (NASDAQ: SMED) today announced its financial results for the fourth quarter and year ended Dec. 31, 1992.
 Revenues for the fourth quarter of 1992 were $124,545,000 an increase of 6.1 percent compared to the same period in 1991. Income before income taxes for the quarter ended Dec. 31, 1992, was $11,540,000, up 11.4 percent over the same quarter last year. Net income and net income per share for the current quarter were $7,270,000 and $.32, respectively, an increase of 9.7 percent and 10.3 percent, respectively, compared to the fourth quarter of 1991.
 Revenues for the 12 months ended Dec. 31, 1992 were $469,624,000, an increase over the same period in 1991 of 7.0 percent. Income before income taxes for the 12 months ended Dec. 31, 1992 was $45,046,000 up 14.0 percent over the comparable period in 1991. Net income and net income per share for the 12 months ended Dec. 31, 1992 were $28,379,000 and $1.24, respectively, representing increases of 12.2 percent and 11.7 percent, respectively, compared to net income and net income per share during the same period in 1991.
 SHARED MEDICAL SYSTEMS CORPORATION
 (In thousands, except per-share amounts)
 Quarter 12 Months
 Periods ended Dec. 31 1992 1991 1992 1991
 Unaudited
 Revenues $124,545 $117,354 $469,624 $438,705
 Income before
 income taxes 11,540 10,356 45,046 39,512
 Net income 7,270 6,628 28,379 25,288
 Net income per share $.32 $.29 $1.24 $1.11
 Weighted average number
 of shares outstanding 22,979 22,816 22,880 22,761
 /delval/
 -0- 2/11/93
 /CONTACT: Terrence W. Kyle of SMS, 215-219-6300/
 (SMED)


CO: Shared Medical Systems Corporation ST: Pennsylvania IN: CPR SU: ERN

MJ-JS -- PH038 -- 5916 02/11/93 17:22 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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