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CONTROL DATA REPORTS FIRST QUARTER EARNINGS

 CONTROL DATA REPORTS FIRST QUARTER EARNINGS
 MINNEAPOLIS, April 22 /PRNewswire/ -- Control Data Corporation


(NYSE: CDA) today reported first quarter 1992 net earnings of $7.7 million, or $.18 per share, on revenues of $365.7 million. In the same period in 1991, the company reported net earnings of $7.0 million, or $.16 per share, on revenues of $405.8 million.
 First quarter 1992 results included earnings from operations of $.06 per share and a net restructuring gain of $5.2 million. The net restructuring gain was primarily associated with the creation of a partnership between Control Data's Arbitron business and VNU Business Information Services to track and report advertising expenditures. Results for the same period in 1991 included earnings from operations of $.06 per share and a net restructuring gain of $5.4 million. The first quarter 1991 performance included four months of operating results from the international operations of Computer Products and Government Systems.
 "The Information Services and Government Systems businesses performed satisfactorily, but we believe they can do significantly better," said Lawrence Perlman, president and chief executive officer. "As expected, worldwide economic conditions and structural changes in the computer industry continued to have a negative impact on Computer Products' revenue and gross margins. Computer Products' open systems revenues have been growing rapidly, but revenues from proprietary computing continue to decline.
 "We are cautiously optimistic about Control Data's operating prospects in 1992. All of the company's businesses continue to manage costs and expenses as they pursue their business strategies. We need to be operating in a stronger economy for major improvement to occur, but we are not biding our time and waiting for economic recovery."
 The company continues to have a strong cash position. In connection with its credit agreement, Control Data's banks have extended its credit availability and the waiver of the net earnings covenant in the agreement through June 30, 1992.
 The annual meeting of Control Data stockholders will be held on May 6 in Minneapolis.
 Control Data applies technology to meet customers' specialized computing and information management needs. Its three primary businesses are Information Services, Computer Products and Government Systems.
 CONTROL DATA CORPORATION AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited)
 (Dollars in millions, except per share data)
 For Period Ended March 31,
 Three Months
 1992 1991
 Revenue
 Net sales and rentals $164.3 $176.9
 Services 201.4 228.9
 Total 365.7 405.8
 Cost of revenue
 Net sales and rentals 126.5 122.6
 Services 120.9 144.9
 Total 247.4 267.5
 Gross profit 118.3 138.3
 Operating Expenses
 Selling, general and
 administrative 91.6 100.0
 Technical expense 28.9 31.3
 Other expense (income) (9.1) (2.4)
 Restructure loss (gain) (5.2) (5.4)
 Earnings before
 interest and taxes 12.1 14.8
 Interest expense (4.6) (9.4)
 Interest income 4.4 7.4
 Earnings before income taxes 11.9 12.8
 Income tax provision 4.2 3.0
 Earnings before
 extraordinary item 7.7 9.8
 Extraordinary loss -- 2.8
 Net earnings $7.7 $7.0
 Earnings per common share
 before extraordinary item $.18 $.23
 Earnings per common share $.18 $.16
 Weighted average common
 shares outstanding (in thousands) 42,534 42,531
 CONDENSED CONSOLIDATED BALANCE SHEET
 (Unaudited) (Dollars in millions)
 March December
 1992 1991
 Cash and equivalents $233.3 $210.9
 Receivables 316.0 363.7
 Inventories 183.2 181.8
 All other assets 420.1 457.4
 Total assets $1,152.6 $1,213.8
 Debt $200.8 $200.8
 All other liabilities 509.1 566.8
 Stockholders' equity 442.7 446.2
 Total liabilities and
 stockholders' equity $1,152.6 $1,213.8
 -0- 4/22/92
 /CONTACT: Nancy Foltz of Control Data, 612-853-5229/
 (CDA) CO: Control Data Corporation ST: Minnesota IN: CPR SU: ERN


AL -- MN003 -- 1050 04/22/92 08:38 EDT
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Date:Apr 22, 1992
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