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POMEROY COMPUTER ANNOUNCES RECORD SALES

 ERLANGER, Ky., May 11 /PRNewswire/ -- Pomeroy Computer Resources (NASDAQ: PMRY) today announced operating results for the first quarter of 1993. Sales of $24 million represent a 74-percent increase compared to the same period in 1992, 14 percent higher than company estimates. Income from continuing operations before income tax was $464,000 in 1993, compared to $247,000 in 1992, an increase of 88 percent. Net income from continuing operations of $279,000 represents a 79-percent increase compared to pro forma net income of $156,000 in first quarter 1992. Earnings per share, based on 2.2 million shares outstanding, was $0.13, compared to pro forma earnings per share of $0.14 which was based upon only 1.1 million shares outstanding in first quarter 1992.
 Stated CEO David Pomeroy, "This growth can be attributed to several things. Many of our customers have increased their expenditures on computer equipment due to the manufacturers' new, aggressive pricing policies. Our customers are also seeking to optimize efficiency and enhance productivity by 'rightsizing' their computer systems. We are delivering more systems monthly, and our backlog continues to grow. Our ability to market, deliver and integrate RISC and UNIX technology with PCs puts us in a key position as customers replace mainframes and obsolete technology. Our professional computer services are being used by these customers in creative ways, and at a steadily increasing rate. Fulfillment on major contracts signed late last year added $5.5 million in revenues in the first quarter. The most positive note is that these are not once-in-a-lifetime occurrences. Their impact should continue in the long term."
 POMEROY COMPUTER RESOURCES
 SELECTED FINANCIAL DATA
 (In thousands, except per-share data)
 Quarter Ended(1)
 April 5, 1993 April 4, 1992
 Sales from continuing operations $24,145 $13,854
 Income from continuing operations 279 247
 Net income 279 239
 Weighted average shares 2,211,488 1,100,000
 Net income per share $0.13 ---
 Pro forma income from continuing
 operations(2) --- 164
 Pro forma net income(2) --- 156
 Pro forma per share:
 Income from continuing operations --- $0.14
 Net income --- $0.14
 (1) On Dec. 30, 1992, the company changed its fiscal year end from a 52- or 53-week period ending on the first Saturday following Dec. 31 to a 12-month period ending Jan. 5.
 (2) Prior to the date of the initial public offering, the historical data does not include a charge for compensation of the company's principal stockholder. Also, certain predecessor businesses had elected to be taxed as S Corporations and certain of them were general partnerships. As a general matter, an S Corporation's stockholders and a partnership's partners are personally liable to pay federal and state income taxes. For purposes of this presentation, federal and state income taxes have been calculated at an effective rate of 39 percent.
 -0- 5/11/93
 /CONTACT: Addie Rosenthal of Pomeroy, 606-283-7024; or Suzanne Rabideau, 313-954-1901, for Pomeroy/
 (PMRY)


CO: Pomeroy Computer Resources ST: Ohio, Kentucky IN: CPR SU: ERN

DH-ML -- DE011 -- 7026 05/11/93 11:49 EDT
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Publication:PR Newswire
Date:May 11, 1993
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