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INTERPHASE CORPORATION REPORTS REVENUE AND EARNINGS FOR THE SECOND QUARTER OF FISCAL 1993

 DALLAS, May 20 /PRNewswire/ -- Interphase Corporation (NASDAQ-NMS: INPH) today announced revenues of $10,928,000 for the second quarter of fiscal 1993, ending April 30, 1993. Revenues were down from $11,116,000 for the previous quarter and $11,043,000 reported for the second quarter last year. Revenues for the first six months of fiscal 1993 increased to $22,044,000, compared to $20,309,000 for the same period last year.
 The company reported a quarterly net profit of $45,000 or $0.01 per share for the second quarter as compared to a net profit of $306,000 or $0.07 per share for the first quarter of 1993 and a net profit of $690,000 or $0.15 per share for the second quarter of fiscal 1992. The company's net profit for the first six months of fiscal 1993 was $351,000 or $0.08 per share, as compared to a net profit of $776,000 or $0.17 per share for the first six months of fiscal 1992.
 "Second quarter revenues were less than expected, primarily because FDDI products introduced this year are taking longer for acceptance than we originally thought," said Michael E. Cope, Interphase president and CEO. "In addition, we have experienced a continued soft European market, and a slight downturn in the U.S. market."
 Interphase Corporation, based in Dallas, is a leading supplier of high performance networking solutions and mass storage controllers for open systems. The company sells to computer OEMs, systems integrators, Value Added Resellers, and end users through a worldwide sales and service network.
 INTERPHASE CORPORATION
 Condensed Consolidated Statements of Income
 Periods ended Three Months Six Months
 April 30 1993 1992 1993 1992
 Revenues $10,928,000 $11,043,000 $22,044,000 $20,309,000
 Pretax income 71,000 1,096,000 557,000 1,233,000
 Net income 45,000 690,000 351,000 776,000
 Net income per
 common & common
 equivalent share $0.01 $0.15 $0.08 $0.17
 Weighted average
 common & common
 equiv. shares 4,544,945 4,621,197 4,556,473 4,606,088
 -0- 5/20/93
 /CONTACT: Robert Drury, vice president of finance and CFO of Interphase Corporation, 214-919-9000/
 (INPH)


CO: Interphase Corporation ST: Texas IN: CPR SU: ERN

TS -- NY043 -- 0697 05/20/93 10:52 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:388
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