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NATIONAL DATA ANNOUNCES POSITIVE FINANCIAL RESULTS AND NEW AGREEMENTS AT ANNUAL STOCKHOLDERS MEETING

 ATLANTA, Nov. 18 /PRNewswire/ -- At its Annual Stockholders Meeting today in Atlanta, National Data Corporation (NYSE: NDC) highlighted the progress it has made in the last year.
 According to Chairman and CEO Robert A. Yellowlees, "With earnings up almost 15 percent on the year and 134 percent in the fourth quarter, revenues per employee up 20 percent, a sharp reduction in debt and a strong cash position, NDC ended last year well positioned for long-term sustained growth."
 He noted that the earnings in the first quarter of the new year increased 84 percent. He also stated the company had recently won a number of significant contracts and was optimistic about the sales activity and prospects in the healthcare and retail segments.
 The company announced at the meeting the following contractual agreements: an agreement to provide the Utah Department of Health real- time claims processing services for the Utah Medicaid Program; multiple agreements with pharmacy chains and software vendors totaling almost a million annual transactions; an agreement with the Florists' Transworld Delivery Association, FTD(R), to launch a nationwide debit card point- of- sale program; and an agreement with the International House of Pancakes to provide specially designed point-of-sale applications.
 These agreements are in addition to the announcement made yesterday by the company to provide Electronic Tax Filing Services(TM) for the state of Tennessee.
 The company also announced the launching of a new value-added reseller (VAR) alliance program for its retail segment.
 Finally, it reported successful implementation of the initial production test phase for its next generation of host computer transaction processing systems.
 Yellowlees stated: "These announcements demonstrate our progress in building the sales pipeline. Our growing sales force and expanded sales support activities, such as the VAR program, should produce sound revenue growth in future months."
 National Data Corporation is a leading provider of value-added application systems and information services for the healthcare, retail and government/corporate markets.
 -0- 11/18/93 R
 /CONTACT: Jan McClure of National Data Corporation, 404-728-2363/
 (NDC)


CO: National Data Corporation ST: Georgia IN: CPR SU:

OP -- AT009R -- 6329 11/18/93 18:45 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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