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EARNINGS PER SHARE MORE THAN QUADRUPLE FOR POMEROY COMPUTER

 ERLANGER, Ky., July 29 /PRNewswire/ -- Pomeroy Computer Resources (NASDAQ: PMRY) today announced operating results for the second quarter and first half of 1993.
 Comparing second quarter of 1993 with second quarter of 1992, sales of $28.6 million represent an increase of 118 percent. During this period, operating expenses expressed as a percentage of sales decreased from 19.8 percent in second quarter 1992 to 11.6 percent in second quarter 1993. Income from operations was $1,224,000 in 1993, compared to $384,000 in 1992, an increase of 219 percent. Net income of $617,000 represents a 357-percent increase compared to $135,000 in second quarter 1992. Earnings per share more than quadrupled from $0.06 in the second quarter 1992 to $0.28 in the second quarter 1993.
 For the first half of 1993, sales of $52.8 million represent a 96-percent increase compared to sales of $27 million in the first half of 1992. Operating expenses in the same period decreased as a percentage of sales from 20 percent to 13.4 percent. Net income for the current six months of $896,000 is nearly triple last year's comparable pro forma figure of $307,000. Earnings per share for the first half of $0.41, based upon 2.2 million average shares outstanding, represents a 116-percent increase from pro forma earnings per share of $0.19 in the first half last year, based upon 1.6 million average shares outstanding.
 Stated CEO David Pomeroy, "Obviously, we are very pleased with these results. We believe that they are a direct result of our strategic planning and focus and should not be considered extraordinary in any fashion."
 POMEROY COMPUTER RESOURCES
 Selected Financial Data
 (in thousands, except share data)
 Quarter Ended
 July 5, 1993 July 4, 1992 Pct. Change
 Sales $28,643 $13,152 +117.8
 Operating expenses $3,324 $2,601 +27.8
 Income from operations $1,224 $384 +218.8
 Net income (2) $617 $135 +357.0
 Net income per share (2) $0.28 $0.06 +366.7
 Avg. shares outstanding 2,212,764 2,139,560
 Six Months Ended
 July 5, 1993 July 4, 1992 Pct. Change
 Sales $52,789 $27,006 +95.5
 Operating expenses $7,090 $5,400 +31.3
 Income from operations $1,870 $846 +121.0
 Comparative pro forma
 data (1):
 Net income (2) $896 $307 +191.9
 Net income per share (2) $0.41 $0.19 +115.8
 Avg. shares outstanding 2,212,129 1,619,780
 (1) The objective of the comparable pro forma data is to compare the net operating results of the company for 1993 with the comparable results of the company for 1992 as if the company had been taxed as a C Corporation on all income in 1992.
 (2) Includes $20 ($0.01 per share) and $28 ($0.02 per share) loss from discontinued operations in the quarter and first half of 1992, respectively.
 -0- 7/29/93
 /CONTACT: Addie Rosenthal of Pomeroy Computer Resources, 606-283-7024; or Suzanne Rabideau, 313-882-5490, for Pomeroy Computer Resources/
 (PMRY)


CO: Pomeroy Computer Resources ST: Kentucky IN: CPR SU: ERN

JG-KE -- DE011 -- 7484 07/29/93 11:49 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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