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CITATION COMPUTER SYSTEMS INC. ANNOUNCES RECORD THIRD QUARTER

 ST. LOUIS, Jan. 21 /PRNewswire/ -- CITATION Computer Systems, Inc. (NASDAQ: CITA) today announced its earnings results for the third quarter ended Dec. 31, 1992.
 The results included the Dec. 11, 1992, merger of Health Micro Data Systems, Inc. (HMDS) of Madison, Wis., which is accounted for as a pooling of interests.
 For the three-month period ended Dec. 31, 1992, total revenue was $4.5 million, a 28.7 percent increase over the comparable period of the prior fiscal year. Operating income for the third quarter of $702,000 was 75.5 percent greater than the $400,000 of operating income in the prior year. Net income for the period rose to $487,000, or $.14 per share, vs. $290,000, or $.11 per share, for the third quarter of the prior year. This represents a 27 percent increase in earnings per share.
 Total revenue for the nine-month period ended Dec. 31, 1992, was $13.4 million, a 27.4 percent increase over the same period of the prior fiscal year. Total operating income for the nine-month period rose to $2.4 million compared to $1.6 million, a 51.6 percent increase over the prior year's nine-month period. Net income for the first nine-month period was $1,585,000, or $.53 per share, vs. $1,084,000, or $.43 per share, for the comparable period of the prior fiscal year.
 CITATION's increased number of shares for the quarter ended Dec. 31, 1992, reflects its initial public offering of 910,000 shares of common stock at $7 per share on Oct. 30, 1992, and the merger with HMDS, which resulted in the issuance of 596,559 shares of common stock on Dec. 11, 1992.
 CITATION Computer Systems, Inc. provides networked microcomputer- based integrated information systems for health care institutions. It provides laboratory, financial/administrative and order communications/results reporting information systems for hospitals, group practices, clinics, reference laboratories and nursing homes.
 -0- 1/21/93
 /CONTACT: Rick Moore of CITATION Computer Systems, 314-428-2900/
 (CITA)


CO: CITATION Computer Systems, Inc. ST: Missouri IN: CPR SU: ERN

BN-CF -- AT012 -- 7609 01/21/93 16:30 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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