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COMPUTER LANGUAGE, INC. RESEARCH REPORTS FIRST QUARTER 1993 RESULTS OF OPERATIONS AND CASH DIVIDEND DECLARATION

 CARROLLTON, Texas, April 27 /PRNewswire/ -- Computer Language Research, Inc. (NASDAQ: CLRI) today announced results for the first quarter ended March 31, 1993. Earnings for 1993 were $4.6 million or $0.33 per share compared to a net income of $11.4 million or $0.83 per share in 1992. Results for 1992 include the cumulative effect of adopting FASB Statement No. 109, "Accounting for Income Taxes" during the fourth quarter of 1992 (effective Jan. 1, 1992) which increased previously reported first quarter 1992 net income by $5.7 million.
 Revenues for the first quarter were $34.4 million in 1993, compared to $36.8 million in 1992. The decrease in revenues was anticipated in the company's 1993 plan and is primarily attributable to increased competition and lower prices for tax processing services in the Accounting Tax Market. Total costs and expenses for the first three months decreased $500,000 to $26.8 million in 1993 compared to $27.3 million in 1992.
 At its April 27 meeting, the board of directors declared a dividend for the second quarter of 1993 at a rate of $0.06 per share. The dividend is payable June 2, 1993, to shareholders of record on May 18, 1993.
 Computer Language Research, Inc. is headquartered in Carrollton and maintains sales and support facilities in 20 cities throughout the United States. The company provides tax automation systems to accounting firms, banks, corporations, and partnerships under the trade name Fast-Tax. The company also develops and markets Electronic Form Systems for use in its tax markets and for sale to other forms-intensive businesses such as insurance companies, banks, financial service organizations and the federal and state government.
 COMPUTER LANGUAGE RESEARCH, INC.
 Condensed Consolidated Statements of Income
 (In thousands, except per-share amounts)
 Three months ended March 31 1993 1992
 Revenues $34,451 $36,774
 Costs and expenses 26,800 27,310
 Operating income 7,651 9,464
 Interest income 53 101
 Interest expense 203 309
 Income before income taxes and
 cumulative effect of accounting change 7,501 9,256
 Provision for income taxes 2,868 3,540
 Income before cumulative effect
 of accounting change 4,633 5,716
 Cumulative effect as of Jan. 1, 1992,
 of change in method of accounting
 for income taxes -- 5,694(A)
 Net income 4,633 11,410(A)
 Earnings per share $0.33 $0.83(A)
 Weighted average number of common and
 common equivalent shares outstanding 13,925 13,788
 Condensed Consolidated Balance Sheets
 (In thousands)
 At March 31 1993 1992
 Assets:
 Cash and cash equivalents $12,609 $7,187
 Accounts receivable, net 24,314 22,953
 Income taxes receivable 261 2,474
 Inventory 3,983 4,893
 Other current assets 1,798 10,076(A)
 Total current assets 42,965 47,583(A)
 Property and equipment, net 26,085 27,543
 Software, net 6,709 6,489
 Intangibles and other assets, net 7,785 1,963
 Total assets 83,544 83,578(A)
 Liabilities and Shareholders' Equity:
 Current liabilities 22,020 24,642
 Non-current liabilities 11,186 11,653(A)
 Shareholders' equity 50,338 47,283(A)
 Total liabilities and shareholders'
 equity $83,544 $83,578(A)
 (A) -- In the fourth quarter of 1992, the company changed its method of accounting for income taxes effective Jan. 1, 1992, from the deferred method to the liability method required by FASB Statement No. 109, "Accounting for Income Taxes." The effect of this change was to increase previously reported first quarter 1992 net income by $5.7 million and both total assets and total liabilities and shareholders' equity by $378,000. Subsequent 1992 quarters previously reported are not impacted by this change.
 -0- 4/27/93
 /CONTACT: M. Brian Healy, group vice president-finance and administration of Computer Language Research, Inc., 214-250-7000/
 (CLRI)


CO: Computer Language Research, Inc. ST: Texas IN: CPR SU: ERN

CK-OS -- NY056 -- 1283 04/27/93 11:07 EDT
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Date:Apr 27, 1993
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