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APERTUS ANNOUNCES FOURTH QUARTER RESULTS

 APERTUS ANNOUNCES FOURTH QUARTER RESULTS
 MINNEAPOLIS, May 20 /PRNewswire/ -- Apertus Technologies


Incorporated (NASDAQ: APTS) today announced financial results for the fourth quarter ended March 29, 1992. Revenues for the quarter were $6,196,000 as compared with revenues of $7,194,000 for the same period last year. The company reported an operating profit of $154,000 before a non-recurring charge of $400,000 associated with the workforce reduction announced in February. This compares with an operating profit of $74,000 for the same quarter last year. Net loss for the quarter was $519,000 or $.04 per share, which includes a tax benefit of $400,000 as well as a discontinued operations charge of $874,000. Net income for the same quarter last year was $413,000 or $.03 per share.
 The discontinued operations charge resulted from the company's decision to sell its Records Verification business based in Dallas. Apertus has received a letter of intent and plans to close the sale by June 30, 1992.
 "I am pleased with the progress we've made in improving the operating results of Apertus. The decision to sell the Records Verification business will allow Apertus to focus on its new high-growth interoperability products. These products include the recently announced SNA internetworking products and enterprise database integration platform," said Robert D. Gordon, Apertus chairman and chief executive officer.
 Gordon went on to say, "We have made critical decisions related to the focus of our company, made significant investments in the core technology that will be the foundation of the company going forward, and have de-emphasized those products and technologies not consistent with the future of Apertus."
 Apertus Technologies Incorporated, with its Networking Products Group and Enterprise Systems Group, facilitates the integration of heterogeneous computer environments within large corporate networks worldwide. The company is headquartered in suburban Minneapolis and has sales and service offices in Atlanta; Charlotte, N.C.; Chicago; Cleveland; Dallas; Denver; Detroit; Indianapolis; Los Angeles; New York; Philadelphia; St. Louis; South Bend, Ind.; and Washington, D.C.
 SUMMARY OF FINANCIAL DATA
 APERTUS TECHNOLOGIES, INC.
 (In thousands, except per-share amounts)
 Three Months Ended 12 Months Ended
 3/29/92 3/31/91 3/29/92 3/31/91
 Revenues $6,196 $7,194 $22,763 $26,263
 Non-recurring benefit
 (charge) (400) -- (175) 800
 Operating profit (loss) (246) 74 (2,229) 719
 Interest expense (18) (62) (102) (267)
 Interest income 219 436 1,556 1,925
 Income (loss) before income
 taxes and discontinued ops.(45) 448 (775) 2,377
 Income tax benefit 400 -- 400 317
 Income (loss) before
 discontinued ops. 355 448 (375) 2,694
 Discontinued operations (874) (35) (1,986) (1,147)
 Net income (loss) $(519) $413 $(2,361) $1,547
 Income (loss) per share:
 Continuing operations $.03 $.03 $(.03) $.21
 Discontinued operations (.07) -- (.16) (.09)
 -- $(.04) $.03 $(.19) $.12
 Weighted average
 shares 12,520,000 12,544,000 12,520,000 12,518,000
 -0- 5/20/92
 /CONTACT: Julie Cummins Brady of Apertus, 612-828-0301/
 (APTS) CO: Apertus Technologies Incorporated ST: Minnesota IN: CPR SU: ERN


KH -- MN013 -- 2491 05/20/92 16:50 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 20, 1992
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