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MPSI SYSTEMS REPORTS EARNINGS

 TULSA, Okla., Nov. 25 ~PRNewswire~ -- MPSI Systems Inc. (NASDAQ: MPSG) reported today a net loss of $5,569,000 or 65 cents per share from continuing operations on revenues of $28,207,000 for the year ended Sept. 30, 1992, compared with a net loss from continuing operations of $6,337,000 or 75 cents per share on revenues of $34,607,000 for the same period a year ago.
 The loss from continuing operations was $3,193,000 or 37 cents per share on revenues of $5,876,000 for the fourth quarter ended Sept. 30, 1992, compared with a loss from continuing operations of $1,834,000 or 22 cents per share on revenues of $9,743,000 for the same period a year ago.
 In 1991, the company sold the principal assets of Execucom, a wholly owned subsidiary, which resulted in a loss from discontinued operations of $6,974,000 or 82 cents per share. In 1992, the loss from discontinued operations related to this disposition was only $12,000.
 According to Ronald G. Harper, MPSI chairman, the decreased revenues in fiscal 1992 were primarily attributable to decreased sales of its products and services to clients in North America and Europe. The decrease in the loss from continuing operations in 1992 as compared with 1991 resulted primarily from larger write-downs of capitalized software costs and the provision for costs of restructuring the organization in 1991.
 MPSI SYSTEMS INC.
 For the Quarter Ended Sept. 30,
 1992 1991
 Revenues $ 5,876,000 $ 9,743,000
 Loss From Continuing
 Operatons $ (3,193,000) $ (1,834,000)
 Income (Loss) From
 Discontinued Operations $ 133,000 $ (1,882,000)
 Net Loss $ (3,060,000) $ (3,716,000)
 Earnings (Loss) Per Common Share:
 Loss From
 Continuing Operations $ (.37) $ (.22)
 Income (Loss) From
 Discontinued Operations $ .01 $ (.22)
 Net Loss $ (.36) $ (.44)
 Average Common
 Shares Outstanding 8,605,295 8,457,690
 For the Year Ended Sept. 30,
 1992 1991
 Revenues $ 28,207,000 $ 34,607,000
 Loss From
 Continuing Operations $ (5,569,000) $ (6,337,000)
 Loss From
 Discontinued Operations $ (12,000) $ (6,974,000)(A)
 Net Loss $ (5,581,000) $ (13,311,000)
 Loss Per Common Share:
 Loss From
 Continuing Operations $ (.65) $ (.75)
 Loss From
 Discontinued
 Operations $ --- $ (.82)
 Net Loss $ (.65) $ (1.57)
 Average Common
 Shares Outstanding 8,531,493 8,457,690
 (A) Includes a loss of $3,865,000 from disposal of discontinued operations in 1991.
 -0- 11~25~92
 ~CONTACT: Quentin Mantooth of MPSI Systems, 918-250-9611~
 (MPSG)


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

GT -- SF009 -- 1649 11~25~92 16:36 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:435
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