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NDC REPORTS EARNINGS INCREASE FOR THE THIRD QUARTER OF FISCAL 1993

 ATLANTA, March 23 /PRNewswire/ -- National Data Corporation (NASDAQ: NDTA) today announced earnings of 20 cents per share for the third quarter ended Feb. 28, on revenue of $49.5 million.
 This represents a 43 percent increase over the previous quarter's earnings of 14 cents per share and an increase of 11 percent over the 18 cents per share earnings for the third quarter of the previous year.
 For the nine months ended Feb. 28, revenue was $151 million and earnings per share were 44 cents. This compares with revenue of $163 million and earnings of 51 cents for the nine month period in the previous year.
 Revenue showed growth for the healthcare, retail and government segments when compared to the second quarter. However, total revenue continues to be affected by the previously announced phase out of certain communication services activities, industry-wide price pressures in parts of the retail and corporate segments and disappointing results in Europe.
 Cost and expense containment actions are improving earnings in the near term, while establishing a stronger cost foundation for long-term growth.
 The company's balance sheet shows a significant reduction in debt from the previous year and cash flow is very strong.
 "Operating results reflect a continuation of the turnaround begun in the second quarter," said Robert A. Yellowlees, chairman and chief executive officer.
 "We are encouraged with the extent of new business sales activity in the healthcare, retail and government business segments. This should result in growing revenues during calendar year 1993.
 "In parallel with improving near-term results, we are investing in the development of new products and services for long-term sustained growth. We are particularly optimistic about the opportunity in our healthcare segment. Our 15-year investment to develop a strong franchise and broad range of product offerings is paying dividends. At the same time, our government and retail businesses are well positioned to benefit from the expanding economy.
 "Our shareholders should profit from the repositioning of the company that we have implemented this year. It is one that narrows focus and builds on our extremely strong franchise. It has resulted in a broadened product line, as well as stronger support and distribution. The capability of our people, the soundness of our balance sheet and the new vision will serve us well in months and years ahead."
 NDC is a worldwide provider of value added systems and services for


healthcare, government and retail markets.
 NATIONAL DATA CORPORATION
 THIRD QUARTER FISCAL 1993
 Quarter ended (Unaudited)
 REVENUE BY SOURCE 2/29/92 5/31/92 8/31/92 11/30/92 2/28/93
 (In thousands)
 Retail application systems and
 services $31,204 $29,635 $29,246 $27,592 $27,724
 Healthcare application systems and
 services 11,815 13,212 13,001 13,182 13,854
 Government and corporate systems
 and services 6,248 6,123 5,639 5,387 5,151
 International services 1,952 1,805 1,830 1,528 1,357
 Communication services 3,507 2,930 1,876 2,277 1,433
 Total data processing
 revenue $54,726 $53,705 $51,592 $49,966 $49,519
 SUMMARY OF OPERATIONS 2/29/92 5/31/92 8/31/92 11/30/92 2/28/93
 (In 000's except per share data)
 Revenue $54,726 $53,705 $51,592 $49,966 $49,519
 Cost of service 32,659 33,354 31,398 30,470 30,119
 Marketing and admin. 18,076 17,688 17,938 16,557 15,200
 Total 50,735 51,042 49,336 47,027 45,319
 Operating income 3,991 2,663 2,256 2,939 4,200
 Investment and other income 653 466 541 822 286
 Interest expense (931) (723) (826) (774) (309)
 Total (278) (257) (285) 48 (23)
 Income before income taxes 3,713 2,406 1,971 2,987 4,177
 Provision for income taxes 1,561 1,010 828 1,255 1,754
 Net income $ 2,152 $ 1,396 $ 1,143 $ 1,732 $ 2,423
 Net income per share of common
 stock $0.18 $0.11 $0.10 $0.14 $0.20
 NATIONAL DATA CORPORATION
 THIRD QUARTER FISCAL 1993
 2/29/92 2/28/93
 9 mos. ended (Unaudited)
 (In thousands)
 REVENUE BY SOURCE
 Retail application systems and services $ 92,138 $ 84,562
 Healthcare application systems and
 services 34,523 40,037
 Government and corporate systems
 and services 18,644 16,177
 International services 5,943 4,715
 Communication services 11,531 5,586
 Total data processing revenue $162,779 $151,077
 9 mos. ended 2/29/92 2/28/93
 (In 000's except per share data) (Unaudited)
 SUMMARY OF OPERATIONS
 Revenue $162,779 $151,077
 Cost of service 97,125 91,987
 Marketing and administration 53,642 49,695
 Total 150,767 141,682
 Operating income 12,012 9,395
 Investment and other income 1,846 1,649
 Interest expense (3,473) (1,909)
 Total (1,627) (260)
 Income before income taxes 10,385 9,135
 Provision for income taxes 4,362 3,837
 Net income $ 6,023 $ 5,298
 Net income per share of common
 stock $ 0.51 $ 0.44
 NATIONAL DATA CORPORATION
 THIRD QUARTER FISCAL YEAR 1993
 CONDENSED STATEMENT OF CASH FLOWS
 (In thousands)
 9 mos. ended 2/29/92 2/28/93
 (Unaudited)
 Net income $ 6,023 $ 5,298
 Depreciation & amortization 15,077 15,479
 Decrease in trade receivables 211 2,752
 Change in other assets and liabilities 2,848 2,896
 Net cash provided by operations 24,159 26,425
 Sale of sales-type leases --- 19,451
 Capital expenditures (4,217) (5,474)
 Business acquisitions (9,518) ---
 Cash provided by other investing
 activities 2,536 16
 Cash provided by (used in) investing
 activities (11,199) 13,993
 Payments of bank debt (9,380) (24,500)
 Cash used in other financing activities (6,032) (6,802)
 Cash used in financing activities (15,412) (31,302)
 Increase (decrease) in cash (2,452) 9,116
 Cash, beginning of year 4,798 2,243
 Cash, ending of period $ 2,346 $ 11,359
 NATIONAL DATA CORPORATION
 THIRD QUARTER FISCAL YEAR 1993
 CONDENSED BALANCE SHEET
 (In thousands)
 5/31/92 2/28/93
 (Unaudited)
 ASSETS:
 Current assets $ 74,472 $ 71,553
 Sales-type leases 18,987 6,994
 Property plant and equipment (net) 39,272 33,859
 Deposits 2,019 2,019
 Other assets 60,132 53,719
 Total assets $194,882 $168,144
 LIABILITIES:
 Bank debt (short term) $ 16,350 ---
 Other current liabilities 41,658 40,563
 Total current liabilities 58,008 40,563
 Mortgage payable 11,396 11,296
 Bank debt (long term) 8,150 ---
 Earnout payable 6,511 3,830
 Other long-term liabilities 14,367 13,583
 Total liabilities 98,432 69,272
 Stockholders' equity 96,450 98,872
 Total liabilities and stockholders'
 equity $194,882 $168,144
 -0- 3/23/93
 /CONTACT: Jerry W. Braxton of National Data Corporation, 404-728-2529/
 (NDTA)


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

RA-BR -- AT017 -- 8845 03/23/93 17:04 EST
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Date:Mar 23, 1993
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