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VIEWLOGIC SYSTEMS REPORTS FIRST-QUARTER RESULTS; NET INCOME INCREASES 550 PERCENT; REVENUES INCREASE 32 PERCENT

 VIEWLOGIC SYSTEMS REPORTS FIRST-QUARTER RESULTS;


NET INCOME INCREASES 550 PERCENT; REVENUES INCREASE 32 PERCENT
 MARLBORO, Mass., April 21 /PRNewswire/ -- Viewlogic Systems, Inc., (NASDAQ: VIEW) today reported that net income for the first quarter ended March 31, 1992, was $1.0 million, or 8 cents per share, compared with $154,000, or 1 cent per share, reported in the first quarter of 1991. Revenues in this year's first quarter were $12.3 million, compared with the $9.3 million for the same period a year ago.
 Alain Hanover, chairman and chief executive officer, commented, "We are pleased with our strong performance, which reflects the fact that Viewlogic offers a suite of open-architecture tools for electronic design development on a wide variety of UNIX- and DOS-based environments. As a result, our revenue growth was strong across all segments of our business, especially in Japan and Europe. In particular, European sales significantly exceeded last year's results."
 "We remain confident that our open-architecture strategy, coupled with high performance and easy-to-use products will continue to provide electronics engineers with the capability to develop better products faster and more economically than ever before," concluded Hanover.
 Viewlogic's family of software tools automates the electronic design of programmable chips and electronic systems used in products ranging from computers to medical instrumentation to complex telecommunications systems. The company's strategy is to provide a high-performance family of tools that can be easily integrated with other development tools and operate on the widest range of UNIX and DOS-based workstations. This strategy has enabled Viewlogic to be one of the fastest-growing companies in the CAE (computer-aided engineering) segment of the EDA (electronic design automation) market.
 VIEWLOGIC SYSTEMS, INC. and SUBSIDIARIES
 CONSOLIDATED INCOME STATEMENTS
 (In thousands, except per share data)
 Quarter Ended
 March 31,
 1992 1991
 (Unaudited)
 Revenue $12,323 $9,344
 Costs and expenses:
 Cost of revenue 1,530 1,591
 Selling and marketing 6,512 4,811
 Research and development 2,116 1,678
 General and administrative 787 602
 (expense) 254 (31)
 Income before income taxes 1,632 631
 Provision for income taxes 631 477
 Net income $1,001 $154
 Net income per common share $0.08 $0.01
 Weighted average number of
 common and common equivalent
 shares outstanding 13,059 10,392
 VIEWLOGIC SYSTEMS, INC. and SUBSIDIARIES
 CONSOLIDATED BALANCE SHEETS
 (In thousands)
 March 31, December 31,
 1992 1991
 ASSETS (Unaudited) (Audited)
 Current assets:
 Cash and equivalents $29,260 $28,652
 Accounts receivable, net 11,869 13,107
 Prepaid expenses and other 2,660 2,820
 Total current assets 43,789 44,579
 Property and equipment 8,802 8,013
 Less accumulated depreciation 4,204 3,826
 Property and equipment - net 4,598 4,187
 Other assets 3,001 2,643
 Total assets $51,388 $51,409
 LIABILITIES & STOCKHOLDERS' EQUITY
 Current liabilities:
 Accounts payable $1,701 $2,552
 Accrued expenses and taxes 1,921 2,875
 Deferred maintenance revenue 5,789 5,121
 Total current liabilities 9,411 10,548
 Deferred rent 232 148
 Deferred income taxes 1,955 2,055
 Stockholders' equity:
 Common stock, $.01 par value 122 120
 Additional paid-in capital 38,369 38,215
 Retained earnings 1,367 366
 Cumulative translation adjustment (68) (43)
 Total 39,790 38,658
 Total liabilities and stockholders'
 equity $51,388 $51,409
 -0- 4/21/92
 /CONTACT: Ronald R. Benanto of Viewlogic Systems, 508-480-0881, or Maureen Wolff of Sharon Merrill Associates, 617-262-1800, for Viewlogic Systems/
 (VIEW) CO: Viewlogic Systems, Inc. ST: Massachusetts IN: CPR SU: ERN


SH -- NE004 -- 0403 04/21/92 09:03 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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