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MPSI ANNOUNCES FIRST QUARTER EARNINGS

 TULSA, Okla., Jan. 14 /PRNewswire/ -- MPSI Systems Inc. (OTC: MPSI) reported net income of $123,000 or $.05 per share on revenues of $4,762,000 for the first quarter ended Dec. 31, 1993, compared with a net loss of $927,000 or $1.08 per share on revenues of $5,316,000 for the similar period a year ago. This represents the second successive profitable quarter for the Company.
 According to Ronald G. Harper, MPSI chairman, the fiscal 1994 first quarter income reflects a substantial improvement in the Company's operations compared with prior periods and is partially attributable to 1993 reductions in operating expenses. Revenues are slightly lower than during the same quarter last year indicating a continued softness in European markets. Revenue and profitability contributions from clients in the Pacific Rim and in South America continue at levels comparable with last year.
 MPSI SYSTEMS INC.
 Quarter Ended Dec. 31,
 1993 1992
 Revenues $4,762,000 $5,316,000
 Net Income (Loss) From
 Continuing Operations $123,000 $(927,000)
 Average Common Shares
 Outstanding 2,705,000 861,000
 Earnings (Loss) Per
 Common Share $.05 $(1.08)
 -0- 1/14/94
 /CONTACT: Jim Auten of MPSI Systems, 918-250-9611/
 (MPSI)


CO: MPSI Systems Inc. ST: Oklahoma IN: SU: ERN

PS -- NY057 -- 7435 01/14/94 15:29 EST
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Publication:PR Newswire
Date:Jan 14, 1994
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