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MPSI SYSTEMS DECLARES EARNINGS

 TULSA, Okla., Jan. 29 /PRNewswire/ -- MPSI Systems Inc. reported a net loss of $915,000, or 11 cents per share on revenues of $5,316,000 for the first quarter ended Dec. 31, 1992, compared with a net loss of $1,004,000, or 12 cents per share on revenues of $7,620,000 for the same period a year ago.
 Acc, MPSI chairman, the fiscal 1993 first quarter loss and the lower revenues compared with the year-ago quarter are primarily attributable to reduced sales of MPSI's market studies and other services in North America and to delays in the timing of certain government projects now anticipated to impact the second fiscal quarter. Revenues from Pacific Rim clients, particularly in Japan, increased approximately 15 percent from the same quarter of last year and continue to positively impact the company's operations.
 MPSI instituted further cost reductions during December and January in response to the lower revenue experience. The cost reductions included employee furloughs and terminations and are expected to reduce operating costs by approximately 10-15 percent during the remainder of fiscal 1993.
 MPSI SYSTEMS INC.
 For the Quarter Ended Dec. 31,
 1992 1991
 Revenues $5,316,000 $ 7,620,000
 Loss-Continuing Operations $ (927,000) $ (890,000)
 Income (Loss) --
 Discontinued Operations $ 12,000 $ (114,000)
 Net Loss $ (915,000) $(1,004,000)
 Average Common
 Shares Outstanding 8,605,000 8,457,690
 Earnings (Loss) Per Common Share
 Loss -- Continuing
 Operations $ (.11) $ (.11)
 Income (Loss) --
 Discontinued Operations $ --- $ (.01)
 Net Loss $ (.11) $ (.12)
 -0- 1/29/93
 /CONTACT: Jim Auten of MPSI Systems, 918-250-9611/


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

GT -- SF007 -- 0907 01/29/93 16:10 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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