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DATA RESEARCH ANNOUNCES FY 1993 RESULTS

 ST. LOUIS, Nov. 16 /PRNewswire/ -- Data Research Associates Inc. (NASDAQ: DRAI) announced today that net income for its fiscal 1993, which ended Sept. 30, was $2.45 million, an increase of 10 percent compared to $2.24 million for fiscal 1992. For the fourth quarter, net income was $802,000, a decrease of 11 percent compared to net income of $900,000 for the like period of the prior year.
 Earnings per share for fiscal 1993 were 67 cents, compared to 75 cents for fiscal 1992. Earnings per share as compared with 1992 were diluted by the higher average number of weighted shares outstanding resulting from the company's initial public offering, which was completed July 1, 1992. For the fourth quarter, earnings per share were 22 cents, compared to 25 cents for the like period last year.
 Revenues for fiscal 1993 were $23.7 million, an increase of 18 percent compared to $20.2 million for fiscal 1992. For the fourth quarter, revenues were $5.9 million, a decrease of 11 percent compared to $6.5 million in the like period last year.
 "Fiscal 1993 was our seventh consecutive year of record earnings, as well as a new record for revenues," said Michael J. Mellinger, president and chief executive officer.
 Mellinger attributed Data Research's fourth quarter results to slower-than-expected contract negotiations with several customers. "The number of prospective customers in negotiation was very high at year- end," said Mellinger. "The length of these negotiations is a typical characteristic of our business in the public and educational sectors and will continue to contribute to fluctuations in our quarterly results."
 Data Research, based in St. Louis, is a leading systems integrator, providing its own proprietary information services software, as well as third party software and hardware, networking services and other related services to libraries and other information providers.
 DATA RESEARCH ASSOCIATES INC.
 Summary of Quarterly Results
 (in thousands, except per-share data)
 Three Months Ended Year Ended
 Sept. 30, Sept. 30,
 (unaudited) (audited)
 1993 1992 1993 1992
 Revenues:
 Hardware $1,940 $2,610 $10,650 $7,935
 Software 1,726 2,065 6,105 6,296
 Services and other 2,200 1,814 6,960 5,928
 Total revenues 5,866 6,489 23,715 20,159
 Net income 802 900 2,454 2,240
 Earnings per share $.22 $.25 $.67 $.75
 Weighted average number
 of common shares 3,668 3,651 3,663 2,976
 -0- 11/16/93
 /CONTACT: Joe Bonwich of Data Research Associates, 800-325-0888 or 314-432-1100/
 (DRAI)


CO: Data Research Associates Inc. ST: Missouri IN: CPR SU: ERN

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Publication:PR Newswire
Date:Nov 16, 1993
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