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FILENET CORP. REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER ENDED OCT. 4, 1992

 FILENET CORP. REPORTS ESTIMATED RESULTS
 FOR THE THIRD QUARTER ENDED OCT. 4, 1992
 COSTA MESA, Calif., Oct. 8 /PRNewswire/ -- FileNet Corp. (NASDAQ-NMS: FILE) announced today it expects revenue for the third quarter ended Oct. 4, 1992, to approximate $37.5 million, up 27 percent from $29.5 million in the same period last year. Net income for the third quarter will approximate $1.1 million, or 10 cents per share, compared to $1.0 million or 10 cents per share in the same period last year.
 "Domestic sales increased by 31 percent compared to the third quarter last year," stated Ted Smith, president and chief executive officer. "In Europe, our German subsidiary had an excellent quarter and results in France showed improvement. However, our U.K. subsidiary had a disappointing quarter. The world economy continues to be a negative factor with prospects delaying decisions and system expansion plans until the overall business environment improves. While revenue has increased compared to the prior year, it has continued to fall short of internal growth targets and, as a result, earnings have not met expectations. We have continued our investment in building a larger worldwide sales and marketing team and in research and development to sustain our new product and product improvement offerings. As a result, SG&A and R&D expenses were 33 percent higher than a year ago."
 FileNet Corp. is the industry leader in imaging and business process automation solutions. The company's WorkFlo Business System software, a set of products that manages and controls the movement of images, data and text throughout an enterprise, is the most widely installed software of its kind. FileNet customers include paper-intensive organizations in virtually every industry and level of government. Headquartered in Costa Mesa, FileNet markets its products directly to end-users through the company's sales offices in the United States, Canada, France, Germany and the United Kingdom. FileNet systems are also used in other countries by Ing. C. Olivetti & C., S.p.A.; Toyo Officemation Inc., a Mitsui company and various distributors. FileNet has installed more than 550 systems in 27 countries.
 NOTE: For additional information on FileNet Corp. Via FAX, No Cost -- Dial 800-PRO-INFO, code no. 065.
 -0- 10/8/92
 /CONTACT: Mark St. Clare, chief financial officer of FileNet, 714-966-3577; or Lise Needham of the Financial Relations Board, 415-986-1591, for FileNet/
 (FILE) CO: FileNet Corp. ST: California IN: CPR SU: ERN


GT -- SF003 -- 7748 10/08/92 10:23 EDT
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Date:Oct 8, 1992
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