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COMPUTER LANGUAGE RESEARCH INC. REPORTS THIRD QUARTER 1992 RESULTS OF OPERATIONS AND CASH DIVIDEND DECLARATION

 COMPUTER LANGUAGE RESEARCH INC. REPORTS THIRD QUARTER 1992
 RESULTS OF OPERATIONS AND CASH DIVIDEND DECLARATION
 CARROLLTON, Texas, Oct. 26 /PRNewswire -- Computer Language Research, Inc. (NASDAQ: CLRI) today announced results for the third- quarter and nine-month periods ended Sept. 30, 1992. Revenues for the third quarter were $21.0 million in 1992 compared to $22.0 million in 1991. The net loss in the third quarter of 1992 improved to $1.5 million or $0.11 per share from $1.8 million or $0.13 per share for the same period in 1991.
 Year-to-date revenues were $79.8 million compared to $84.1 million in 1991. Net income for the first nine months of 1992 was $3.1 million or $0.22 per share compared to $3.7 million or $0.27 per share in 1991.
 The decrease in year-to-date revenues was anticipated in the company's 1992 plan and is primarily attributable to increased competition in the Accounting Tax Market. The company's EasyGo product, announced in April 1992, is designed to better respond to these competitive pressures.
 Total costs and expenses for the third quarter of 1992 were down $1.2 million from the 1991 total for the same period. Year-to-date total costs and expenses decreased $2.8 million compared to 1991. These declines were primarily a result of cost reduction programs.
 At its Oct. 26 meeting, the board of directors declared a dividend for the fourth quarter of 1992 at the rate of $0.04 per share. The dividend is payable Nov. 24, 1992, to shareholders of record on Nov. 9, 1992.
 Computer Language Research, Inc., is headquartered in Carrollton, Texas, and maintains sales and support facilities in 25 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 government.
 COMPUTER LANGUAGE RESEARCH, INC.
 Condensed Consolidated Statements of Income
 (In thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 Sept. 30 Sept. 30
 1992 1991 1992 1991
 Revenues $21,004 $22,015 $79,807 $84,095
 Costs & expenses 23,269 24,451 74,259 77,055
 Operating (Loss) Income (2,265) (2,436) 5,548 7,040
 Interest Income 54 181 289 419
 Interest Expense 241 494 879 1,758
 (Loss) income before income
 taxes (2,452) (2,749) 4,958 5,701
 (Benefit) provision for
 income taxes (923) (914) 1,911 1,960
 Net (loss) income $(1,529) $(1,835) 3,047 3,741
 (Loss) earnings per share $ (0.11) $ (0.13) $0.22 $0.27
 Weighted average shares
 outstanding 13,786 13,770 13,796 13,768
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (In thousands)
 At September 30
 1992 1991
 Assets:
 Cash and cash equivalents $ 1,479 $ 8,323
 Accounts receivable, net 12,011 12,738
 Income taxes receivable 2,492 2,043
 Inventory 4,764 5,441
 Other current assets 10,222 1,374
 Total current assets 30,968 29,919
 Property and equipment, net 28,768 37,924
 Software, net 6,310 7,421
 Intangibles and other assets 8,718 1,740
 Total assets $74,764 $77,004
 Liabilities and Shareholders' Equity:
 Current liabilities 23,405 15,683
 Noncurrent liabilities 13,542 24,505
 Shareholders' equity 37,817 36,816
 Total Liabilities and
 Shareholders' Equity $74,764 $77,004
 -0- 10/26/92
 /CONTACT: M. Brian Healy, group vice president/finance and administration of Computer Language Research, 214-250-7000, or Gerard Coffey of G.A. Kraut Company, 212-696-5600, for Computer Language Research/
 (CLRI) CO: Computer Language Research, Inc. ST: Texas IN: CPR SU: DIV


PS-EE -- NY046 -- 4737 10/26/92 11:37 EST
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Date:Oct 26, 1992
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