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CYCARE SYSTEMS REPORTS 1993 FIRST QUARTER NET INCOME

 SCOTTSDALE, Ariz., April 21 /PRNewswire/ -- CyCare Systems Inc. (NYSE: CYS) today reported net income of $366,000, or $.07 per share, on revenues of $18.7 million. Last year first quarter net income was $327,000, or $.06 per share, on revenues of $19.3 million.
 The company reported further reduction in its cost structure. Total expenses have decreased approximately $700,000 as compared with the first quarter of 1992. This is a direct result of achieving improved operating efficiencies throughout CyCare.
 On April 16, the company announced a new product for medium to large group practices called the CyCare System 3000. The System 3000 is the first of the next generation of point-and-click, multiuser, multitasking software applications combining patient care, prepaid health care, financial and administrative functions within the UNIX environment. The CyCare System 3000 runs on Hewlett-Packard's HP 9000 Series 800 family.
 Jim Houtz, CyCare's chairman and chief executive officer, states: "The CyCare System 3000 is a major new product introduction for the company that should help contribute to future sales growth."
 CyCare Systems Inc., is one of the nation's leading providers of information systems and services to the health care industry with more than 4,800 customers, including medical group practices, physicians and dentists and hospital-affiliated physician groups.
 Headquartered in Scottsdale, the company's product, sales and service centers are located in Atlanta; Chicago; Dallas; Detroit; Dubuque, Iowa; Houston; Long Island, N.Y.; Minneapolis; Portland, Ore.; San Antonio; San Diego; and Woodland Hills, Calif.
 CYCARE SYSTEMS INC.
 Consolidated Results of Operations
 Periods Ended March 31, 1993 and 1992
 (In thousands except per share data)
 First Quarter
 Three Months
 1993 1992
 Revenues:
 Services $16,427 $16,478
 Systems 2,031 2,576
 Interest and dividends 23 58
 Other income 184 189
 Total 18,665 19,301
 Costs and expenses:
 Services 8,817 9,416
 Systems 1,245 1,733
 Software product amortization 599 639
 Research and development 877 691
 Selling and administrative 6,286 5,991
 Interest 222 268
 Total 18,046 18,738
 Income before taxes 619 563
 Income taxes 253 236
 Net income $366 $327
 Earnings per share $.07 $.06
 Weighted average shares outstanding 5,592 5,661
 -0- 4/21/93
 /CONTACT: Mark Schonau, CFO, 602-596-4374, or Kathy Schauer, director of investor relations, 602-596-4370, both of CyCare Systems/
 (CYS)


CO: CyCare Systems Inc. ST: Arizona IN: HEA CPR SU: ERN

MS-JL -- LA010 -- 8507 04/21/93 08:55 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
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