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I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS THIRD QUARTER RESULTS

 HAIFA, Israel, Oct. 27 /PRNewswire/ -- I.I.S. Intelligent Information Systems Ltd. (NASDAQ: IISLF) today reported results for its third quarter ended Sept. 30, 1993.
 For the third quarter, revenues were $26,061,000, up 140 percent from $10,860,000 in the comparable quarter last year. Net income increased 109 percent to $3,550,000, or $.27 per share, up from $1,698,000, or $.14 per share in the same period last year.
 For the nine months ended Sept. 30, 1993, revenue increased 145 percent to $79,215,000 from $32,371,000 in the same period last year. Net income increased 134 percent to $10,953,000, or $.85 per share, compared with $4,672,000, or $.37 per share, in the year-ago period.
 "These third quarter results reflect a typical summer quarter of combined Decision Data and I.I.S. operations," said Jacob Herbst, I.I.S.'s chairman and chief executive officer.
 Thomas S. Bednarik, chairman and president of I.I.S. Inc. went on to say, "In addition, the Company's Disk Access Storage Devices (DASD) revenue was adversely affected in the quarter by extremely aggressive competition."
 I.I.S. Intelligent Information Systems Limited designs, develops, manufactures, markets and services data communication, networking and intelligent peripheral products. These products provide access to a variety of hosts, local area networks and wide area networks within IBM midrange and mainframe environments. The company services an international customer base and does business in the United States as Decision Data, a division of I.I.S. Inc.
 I.I.S. INTELLIGENT INFORMATION SYSTEMS, LTD.
 SUMMARY FINANCIAL INFORMATION
 (In thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Sales revenue $23,627 $8,066 $71,654 $23,310
 Maintenance
 services revenue 2,434 2,794 7,561 9,061
 Total revenues 26,061 10,860 79,215 32,371
 Cost of sales 13,089 4,061 39,539 12,114
 Cost of maintenance 2,313 2,297 7,011 7,240
 Total cost
 of revenues 15,402 6,358 46,550 19,354
 GROSS PROFIT 10,659 4,502 32,665 13,017
 Research and
 developments, net 600 258 1,934 798
 SG & A expenses 5,958 2,329 16,643 7,083
 OPERATING INCOME 4,101 1,915 14,088 5,136
 Financial income
 (expenses) net 55 127 (303) 206
 Income before
 taxes on income 4,156 2,042 13,785 5,342
 Taxes on income 606 344 2,832 670
 NET INCOME $3,550 $1,698 $10,953 $4,672
 EARNINGS PER SHARE $0.27 $0.14 $0.85 $0.37
 WEIGHTED AVG.
 NO. OF SHARES 13,395 12,558 12,918 12,498
 -0- 10/27/93
 /CONTACT: Henry W. Ling, investor relations consultant, of I.I.S. Intelligent Information Systems, 212-370-4500/


CO: I.I.S. Intelligent Information Systems Ltd. ST: IN: TLS SU: ERN

CP-AL -- MN011 -- 7300 10/27/93 12:34 EDT
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Date:Oct 27, 1993
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