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NATIONAL COMPUTER SYSTEMS REPORTS FOURTH QUARTER AND YEAR-END RESULTS

 MINNEAPOLIS, March 18 /PRNewswire/ -- National Computer Systems, Inc. (NCS) today reported higher earnings for both the fourth quarter and the entire fiscal year.
 For the year revenues were $300,067,000, down slightly from the $302,506,000 reported last year. Net income increased 6.7 percent and resulted in net income and earnings per share of $16,508,000 and $1.03 for 1992 compared with $15,474,000 and $0.96 in 1991.
 Revenues for the fourth quarter decreased to $86,013,000 compared with $89,275,000 in 1991. However, net income and earnings per share increased to $6,378,000 and $.40 for the quarter, compared with $5,968,000 and $.37 a year ago.
 Charles W. Oswald, NCS chairman, commented, "NCS' slightly lower revenues resulted in part from the previously reported loss of the Guaranteed Student Loan contract; however, fourth quarter earnings benefited as we resolved some outstanding claims and recovered some costs related to the early stages of the contract."
 "During 1992, we devoted substantial resources toward strengthening NCS' sales and marketing organization. Successful selling of our advanced information management systems requires longer lead times and higher levels of technical expertise and market knowledge than has been true of our historic products. We are pleased that our sales pipelines are building in all markets, and we had particularly encouraging results from our school management software sales in the fourth quarter. We are enthusiastic about our future and believe NCS is poised for a resumption of revenue growth in 1993."
 National Computer Systems, Inc. is an information services company serving education, business, financial and assessment markets. The Company's common stock is traded on the National Market System under the NASDAQ symbol NLCS.
 Income Statement
 For the Three and 12 Month Periods Ended Jan. 31
 (In thousands, except per share amounts)
 Three Months 12 Months
 1993 1992 1993 1992
 Revenues $86,013 $89,275 $300,067 $302,506
 Income From Operations $9,462 $9,907 27,258 $28,704
 Interest and
 Other Exp/(Inc) (916) 1,139 650 4,530
 Income Before Taxes 10,378 8,768 26,608 24,174
 Income Taxes 4,000 2,800 10,100 8,700
 Net Income $6,378 $5,968 $16,508 $15,474
 Earnings Per Share $0.40 $0.37 $1.03 $0.96
 Avg. Shares Outstanding 16,051 16,177 16,066 16,138
 Condensed Balance Sheets
 (In millions)
 Assets 1/31/93 1/31/92
 Current Assets $98.8 $96.2
 Property, Plant & and Equipment, Net 62.1 66.9
 Other Assets 53.8 54.5
 Total Assets $214.7 $217.6
 Liabilities & Equity 1/31/93 1/31/92
 Current Liabilities $60.0 $56.4
 Deferred Taxes 9.5 11.7
 Long-term Debt 23.9 37.2
 Stockholders' Equity 121.3 112.3
 Total Liabilities &
 Stockholders' Equity $214.7 $217.6
 -0- 3/18/93
 /CONTACT: Adrienne Tietz of National Computer Systems, 612-829-3033/
 (NLCS)


CO: National Computer Systems, Inc. ST: Minnesota IN: CPR SU: ERN

AL -- MN001 -- 7313 03/18/93 08:58 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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