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CONSILIUM DELAYS ANNOUNCEMENT OF SECOND QUARTER RESULTS; IMPLEMENTING ACCOUNTING CHANGE

 CONSILIUM DELAYS ANNOUNCEMENT OF SECOND QUARTER RESULTS;
 IMPLEMENTING ACCOUNTING CHANGE
 MOUNTAIN VIEW, Calif., May 27 /PRNewswire/ -- Consilium Inc. (NASDAQ: CSIM), the leading supplier of manufacturing execution systems software and services, reported today that it is implementing a change in accounting policy for recognition of revenue from foreign distributor and foreign systems integrator sales. The company is consulting with its independent public accountants, Coopers & Lybrand, concerning the appropriate effective date for this policy change and its effect on current and prior periods.
 The company expects to shortly release final numbers for its second quarter of fiscal 1992, ended April 30, 1992. The company expects the change will result in an aggregate decrease in receivables of between $6 million and $7 million and an equivalent aggregate change to earnings for past periods. Included in this amount is a sale in excess of $1 million to a Digital Equipment-sponsored end user. The company continues to believe that it will book and receive payment on all or a substantial portion of the aggregate amount under the relevant purchase orders. While an operating loss for the quarter is expected, revenue for the second quarter will be higher relative to its first quarter.
 Consilium Inc. is the leading supplier of manufacturing execution systems software and services. With its WorkStream and FlowStream product lines, Consilium offers a suite of comprehensive integrated plant floor management solutions that direct the execution of the manufacturing process and allow manufacturers to achieve World Class Manufacturing. The company is headquartered in Mountain View.
 -0- 5/27/92
 NOTE: WorkStream is a registered trademark and FlowStream is a trademark of Consilium Inc.
 /CONTACT: Mark Finkel or Darby Dye of Consilium, 415-691-6100; or Joanne Marlin of Thomas Associates, 415-325-6236, for Consilium/
 (CSIM) CO: Consilium Inc. ST: California IN: CPR SU: ERN


MM-RM -- SJ002 -- 4443 05/27/92 17:08 EDT
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Publication:PR Newswire
Date:May 27, 1992
Words:306
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