Printer Friendly

DATA RESEARCH ANNOUNCES THIRD QUARTER EARNINGS UP 46 PERCENT; EARNINGS PER SHARE RISE TO 23 CENTS DESPITE DILUTION

 ST. LOUIS, July 20 /PRNewswire/ -- Data Research Associates Inc. (NASDAQ: DRAI) announced today that net income for its third quarter of 1993, which ended June 30, was a third-quarter record $849,000, an increase of 46 percent, compared with $582,000 achieved in the same period in fiscal 1992. Earnings per share for the third quarter were 23 cents as compared with 21 cents per share realized in the same quarter of fiscal 1992. Earnings per share as compared with the same period in the previous year were diluted by the higher average number of weighted shares outstanding. This dilution resulted from the company's initial public offering, which was completed July 1, 1992. Revenues for the third quarter increased 32 percent, to a third-quarter record $7.1 million, compared with $5.6 million in the same period a year ago.
 "This second consecutive quarter of revenue and earnings records reflects continued strength in our core products and increasing acceptance of our emerging networking products and services," said Michael J. Mellinger, president and chief executive officer.
 Data Research, headquartered 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)
 (Unaudited)
 Three Months Ended Nine Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Revenues:
 Hardware $3,406 $2,745 $8,710 $5,325
 Software 1,959 1,280 4,379 4,231
 Services and
 other 1,784 1,585 4,760 4,114
 Total revenues 7,149 5,610 17,849 13,670
 Net income 849 582 1,652 1,340
 Earnings per share .23 .21 .45 .49
 Weighted average
 number of common
 shares 3,662 2,747 3,662 2,747
 -0- 7/20/93
 /CONTACT: Joe Bonwich of Data Research, 800-325-0888, or 314-432-1100/
 (DRAI)


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

BP-LM -- LA024 -- 3482 07/20/93 15:07 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 20, 1993
Words:344
Previous Article:ROANOKE ELECTRIC STEEL DECLARES 139TH CONSECUTIVE QUARTERLY CASH DIVIDEND
Next Article:DAMARK REPORTS 23.8 PERCENT NET INCOME INCREASE FOR SECOND QUARTER
Topics:


Related Articles
STERLING SOFTWARE ANNOUNCES HIGHER EARNINGS FOR THIRD QUARTER AND FIRST NINE MONTHS
MARION MERRELL DOW ANNOUNCES RECORD SALES AND EARNINGS FOR 1992
MARION MERRELL DOW ANNOUNCES RECORD SALES AND EARNINGS FOR 1992
DATA RESEARCH ANNOUNCES SECOND-QUARTER RECORDS IN REVENUES, EARNINGS AND EARNINGS PER SHARE
HAYES WHEELS REPORTS THIRD-QUARTER EARNINGS INCREASE OF 76 PERCENT
DATA RESEARCH ANNOUNCES FIRST QUARTER RESULTS
DATA RESEARCH ASSOCIATES ANNOUNCES FIRST QUARTER EARNINGS
Devon Energy Continues 1997 Record Performance with Strong Third Quarter and First Nine Months
C&D Technologies Net Up 27% in Third Quarter; Remains On Course For Record Year.
FPL Group Reports Third Quarter Earnings; Earnings Per Share Up Eight Percent From Prior Year Quarter.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters