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MPSI SYSTEMS REPORTS RESULTS

 MPSI SYSTEMS REPORTS RESULTS
 TULSA, Okla., Jan. 31 /PRNewswire/ -- MPSI Systems Inc.


(NASDAQ: MPSG) reported a net loss of $1,004,000 or $.12 per share on revenues of $7,620,000 for the first quarter ended Dec. 31, l991, compared with a net loss of $935,000 or $.11 per share on revenues of $7,692,000 for the same period a year ago.
 According to Ronald G. Harper, MPSI chairman, the slightly lower revenues in the first quarter of fiscal 1992 compared with the year ago quarter are primarily attributable to reduced sales of MPSI's market studies and other services, partially offset by increased software license renewals. Harper also stated that the decreased profitability for the first quarter of fiscal 1992 over the same period a year ago was caused largely by lower margins on market studies and by an increase in foreign income tax expense.
 MPSI SYSTEMS INC.
 For the Quarter Ended Dec. 31,
 1991 (A) 1990
 Revenues $ 7,620,000 $7,692,000
 Income (Loss) - Continuing
 Operations $ (890,000) $ (825,000)
 Income (Loss) - Discontinued
 Operations $ (114,000) $ (110,000)
 Net Income (Loss) $(1,004,000) $ (935,000)
 Average Common Shares
 Outstanding 8,457,690 8,457,690
 Earnings (Loss) Per Common Share
 Income (Loss)-Continuing
 Operations $ (.11) $ (.10)
 Income (Loss) - Discontinued
 Operations $ (.01) $ (.01)
 Net Income (Loss) $ (.12) $ (.11)


(A) Restated to reflect discontinued operations
 -0- 1/31/92
 /CONTACT: Quentin Mantooth of MPSI Systems Inc. 918-520-9611/
 (MPSG) CO: MPSI Systems Inc. ST: Oklahoma IN: CPR SU: ERN


RM -- SF008 -- 5765 01/31/92 16:22 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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