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HOGAN SYSTEMS REPORTS FIRST QUARTER RESULTS

 HOGAN SYSTEMS REPORTS FIRST QUARTER RESULTS
 DALLAS, July 24 /PRNewswire/ -- Hogan Systems, Inc. (NASDAQ: HOGN)


today reported net income of $1,087,000, or $.08 per share, on a 23 percent increase in revenues of $15,465,000 for its first fiscal quarter, ended June 30, 1992. During the comparable period a year ago, the company reported a net loss of $363,000, or $.03 per share, on revenues of $12,562,000.
 According to Michael H. Anderson, president and chief executive officer, the company's professional services business continues to be very strong with revenues of $11.7 million for the period ended June 30, 1992, representing a 41 percent increase over the same period a year ago, while continuing to contribute favorable margins.
 Anderson noted that Hogan recorded new license agreements with one international and one domestic customer during the current quarter. Other revenue for the period ended June 30, 1992, includes $500,000 from the conclusion of an international services engagement.
 "Our operating expense levels continue to show the impact of the company's expense control measures," said Anderson. "Compared to the same period a year ago, selling and marketing and general and administrative expenses combined have decreased 14 percent. Increases in development, product support and professional services personnel costs were planned in connection with the increased level of business."
 Hogan Systems, Inc., of Dallas, designs, markets and supports integrated online application software products for use by financial institutions worldwide. The company maintains major sales and support offices in Woking, England; Melbourne, Australia; Frankfurt, Germany; and Dallas. Company stock is traded on the NASDAQ National Market System and is listed in alphabetical quotations as "Hogan" or "HoganSys."
 HOGAN SYSTEMS, INC.
 (In thousands, except per share data)
 Three months ended June 30 1992 1991
 Revenues:
 Professional services $11,717 $ 8,314
 License fees 860 1,799
 Maintenance fees 2,179 2,449
 Outside processing and other 709 --
 Total revenues 15,465 12,562
 Expenses:
 Professional services 8,340 6,057
 Development and product support 1,899 1,306
 Selling and marketing 2,095 2,307
 General and administrative 1,682 2,060
 Total expenses 14,016 11,730
 Operating income 1,449 832
 Interest income 351 438
 Income before taxes 1,800 1,270
 Provision for income taxes 713 101
 Income from continuing
 operations 1,087 1,169
 Loss from discontinued
 operations -- (1,532)
 Net income (loss) $ 1,087 $ (363)
 Per share data:
 Income from continuing
 operations $ 0.08 $ 0.08
 Net income (loss) $ 0.08 $ (0.03)
 Weighted average number
 of common shares 14,000 13,800
 Balance Sheets
 (In thousands)
 6/30/92 3/31/92
 Assets
 Current assets:
 Cash and cash equivalents $ 27,827 $ 30,409
 Accounts receivable 22,958 21,226
 Prepaid expenses and other
 current assets 1,202 1,175
 Total current assets 51,987 52,810
 Installment receivables due
 after one year 1,704 1,700
 Software, at cost, net of
 accumulated amortization 1,656 1,647
 Other assets 4,827 5,262
 Total assets $ 60,174 $ 61,419
 Liabilities and Shareholders'
 Equity
 Current Liabilities:
 Accounts payable and accrued
 expenses $ 4,695 $ 5,310
 Deferred maintenance revenue 7,372 6,736
 Other 4,138 4,613
 Total current liabilities 16,205 16,659
 Other liabilities 708 833
 Total liabilities 16,913 17,492
 Shareholders' equity before
 treasury stock 43,261 51,731
 Less treasury stock -- (7,804)
 Total shareholders' equity 43,261 43,927
 Total liabilities and
 shareholders' equity $ 60,174 $ 61,419
 -0- 7/24/92
 /NOTE TO EDITORS: Hogan Systems, Inc. will conduct a conference call for members of the financial community at 10:30 a.m. (CDT) this morning, Friday, July 24. At that time, Michael H. Anderson, president and chief executive officer, and Jim Dunn, senior vice president and chief financial officer, will discuss the company's first quarter financial results, which were announced today.
 If you would like to participate in this conference call, call 800-359-8445 at 10:30 a.m. today./
 /CONTACT: J.M. Dunn, senior vice president and CFO of Hogan Systems, 214-788-7939 or Larry Meltzer of Meltzer & Martin, 214-953-0808, for Hogan Systems/
 (HOGN) CO: Hogan Systems Inc. ST: Texas IN: CPR SU: ERN


TS -- NY010 -- 2928 07/24/92 09:20 EDT
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Date:Jul 24, 1992
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