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CONVERGENT SOLUTIONS, INC. ANNOUNCES SALES AND EARNINGS FOR SECOND QUARTER ENDED MARCH 31, 1992

 CONVERGENT SOLUTIONS, INC. ANNOUNCES SALES AND EARNINGS
 FOR SECOND QUARTER ENDED MARCH 31, 1992
 LAURENCE HARBOR, N.J., May 12 /PRNewswire/ -- Convergent Solutions, Inc. (NASDAQ:CSOL), a company primarily engaged in developing and marketing software products, reported that revenues of the company were $2,184,910 for the three months ended March 31, 1992, an increase of 46.5 percent compared with the same period in the prior year. The company had net income of $119,642 ($.02 a share) for the three months ended March 31, 1992, as compared with a net loss of $236,837 ($.04 a share) for the same period in the prior year.
 Revenues of the company for the six months ended March 31, 1992 were $4,501,617, an increase of 40.5 percent compared with the same period in the prior year. The company had net income of $440,831 ($.08 a share) for the six months ended March 31, 1992, as compared with a net loss of $216,292 ($.04 a share) for the same period in the prior year.
 CONVERGENT SOLUTIONS, INC.
 Condensed Earnings Summary
 (unaudited)
 Periods ended Three Months Six Months
 March 31 1992 1991 1992 1991
 Revenues $2,184,910 $1,491,046 $4,501,617 $3,203,761
 Expenses 1,999,557 1,740,711 3,857,422 3,424,777
 Income/(loss) before
 income taxes 185,353 (249,665) 644,195 (221,016)
 Income taxes (credit) 65,711 ( 12,828) 203,364 ( 4,724)
 Net income/(loss) $ 119,642 $(236,837) $ 440,831 $ 216,292
 Earnings/(loss) per
 share: $ .02 $ (.04) $ .08 $ (.04)
 Weighted avg. no. of
 com. and com. equivalent
 shares outstdg. 5,185,547 5,309,000 5,213,242 5,322,000
 Condensed Balance Sheet Summary
 March 31, 1992 September 30, 1991(A)
 (Unaudited)
 Assets:
 Current assets $10,202,813 $11,441,285
 Equipment and leasehold
 improvements, net 792,721 568,020
 Other assets 5,683,789 4,726,480
 Total assets $16,679,323 $16,735,785
 Liabilities and Shareholders' Equity
 Current liabilities $ 1,895,357 $ 2,570,742
 Deferred income taxes 2,364,097 2,171,838
 Shareholders' equity
 Preferred stock, $.01 par;
 authorized 5,000,000 shares;
 Common Stock, $.01 par;
 authorized 20,000,000 shares;
 issued and outstndg. 5,189,019
 shares at March 31, 1992
 and 5,291,720 shares at
 Sept. 30, 1991 51,890 52,917
 Capital in excess of par 7,796,393 7,933,040
 Retained earnings 4,571,586 4,130,755
 Net unrealized loss on
 long-term investment -- ( 123,507)
 Total 12,419,869 11,993,205
 Total $16,679,323 $16,735,785
 (A) These amounts were derived from the Sept. 30, 1991 audited financial statements of the company included in its annual report on Form 10-K.
 -0- 5/12/92
 /CONTACT: Vincent Galano, chairman of the board of Convergent Solutions, Inc., 908-290-0090/
 (CSOL) CO: Convergent Solutions Inc. ST: New Jersey IN: SU: ERN


AH-DB -- NY065 -- 9268 05/12/92 15:40 EDT
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Date:May 12, 1992
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