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DATASOUTH COMPUTER CORPORATION ANNOUNCES RESULTS

 DATASOUTH COMPUTER CORPORATION ANNOUNCES RESULTS
 CHARLOTTE, N.C., April 21 /PRNewswire/ -- Today, Datasouth


Computer Corporation (NASDAQ-NMS: DSCC) announced net income totaling $419,000 or $.07 per share for the quarter ended March 31, 1992 compared to a net loss of $(184,000) or $(.03) per share for the same period last year. Revenue for the first quarter totaled $4,336,000 representing an 18 percent increase from the first quarter of 1991.
 Jim Busby, President of Datasouth, commented on the results saying, "We are pleased to extend our profitability to three consecutive quarters. Several factors came into play this quarter which either increased or decreased revenue in certain areas. Our major account sales increased based in part on the strength of a government contract which was essentially completed in March. We also experienced an increased contribution from spare parts sales. Distribution sales, however, decreased notably compared to the same quarter last year. We believe that this area is most directly effected by the economic downturn and, accordingly, we believe distribution sales will improve as the economy strengthens."
 Commenting on margins, Busby stated, "The impact of higher volume in the first quarter of 1992 and the absence of start up production costs on the Performax line experienced in 1991, resulted in an increase in gross profit margin and contributed to our profitability."
 Datasouth designs, manufactures and markets heavy-duty printers used primarily with multi-user micro, mini and mainframe computers for heavy-duty, print intensive applications. The Company sells its products worldwide through distributors and value-added resellers, and directly to large volume major accounts.
 DATASOUTH COMPUTER CORPORATION
 Comparative Financial Results
 (in thousands, except per share amounts)
 Quarter Ended
 March 31,
 1992 1991
 Revenue $4,336 $3,684
 Cost of Goods Sold 3,002 2,902
 Gross Profit 1,334 782
 Operating Expenses:
 Research and Development 387 420
 Selling, General and Administrative 696 745
 Total Operating Expenses 1,083 1,165
 Income (Loss) from Operations 251 (383)
 Other Income, net 168 199
 Income (Loss) Before Income Taxes
 and Extraordinary Item 419 (184)
 Charge in lieu of Income Taxes 153 -
 Income (Loss) Before Extraordinary Item 266 (184)
 Extraordinary Item - Income Tax Benefit
 from Utilization of Net Operating Loss
 Carryforward 153 -
 Net Income (Loss) $419 $(184)
 Earnings (Loss) Per Share:
 Income (Loss) Before Extraordinary Item $.05 $(.03)
 Extraordinary Item .02 -
 Net Income $.07 $(.03)
 Weighted Average Shares Outstanding 5,691 5,691
 Comparative Balance Sheets
 (in thousands)
 March 31, December 31,
 1992 1991
 ASSETS
 Current Assets:
 Cash and Cash Equivalents $2,738 $2,199
 Marketable Securities 6,870 7,369
 Accounts Receivable 2,070 2,250
 Inventory 2,748 2,479
 Other 151 119
 Total Current Assets 14,577 14,416
 Property and Equipment, net 2,317 2,393
 Other Assets 49 3
 Total $16,943 $16,812
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities:
 Accounts Payable $ 720 $ 1,007
 Accrued and Other Liabilities 502 503
 Total Current Liabilities 1,222 1,510
 Stockholders' Equity 15,721 15,302
 Total $16,943 $16,812
 -0- 4/21/92
 /CONTACT: Investor Relations, Datasouth Computer Corporation, 704-523-8500/
 (DSCC) CO: Datasouth Computer Corporation ST: North Carolina IN: CPR SU: ERN


DF -- CH015 -- 0957 04/21/92 18:14 EDT
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Date:Apr 21, 1992
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