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RIGHT MANAGEMENT CONSULTANTS ANNOUNCES EARNINGS

 RIGHT MANAGEMENT CONSULTANTS ANNOUNCES EARNINGS
 PHILADELPHIA, April 21 /PRNewswire/ -- Right Management Consultants,


Inc. (NASDAQ: RMCI) today announced revenue and earnings for the first quarter ended March 31, 1992.
 For the quarter, net income was $295,000 or $.11 per share, vs. $972,000 or $.36 per share for the first quarter 1991. Revenue, which includes company-owned Office revenue and Affiliate royalties, increased 3 percent to $12,976,000 compared to $12,617,000 in the same period last year.
 As previously announced, first quarter operating results were affected by lower than anticipated revenue, primarily in the company's eastern U.S. and European operations, and losses from certain of the company's foreign subsidiaries. "We believe this to be a temporary revenue shortfall which should not significantly affect prospects for the remainder of the year," said President and Chief Executive Officer Stanley R. Tilton.
 Network revenue, comprised of company-owned Office revenue and Affiliate offices' revenue increased 4 percent to $21,158,000 from $20,353,000 for the same quarter last year.
 Right Management Consultants, Inc., which does business under the name Right Associates(R), develops, markets and delivers career management and human resource consulting services through more than 85 offices in the United States, Canada and Europe, with primary emphasis in career transition consulting. Career transition consulting is designed to assist employers with employee termination issues and, after termination, to help separated employees develop skills and define career strategies to assist them in finding new employment.
 RIGHT MANAGEMENT CONSULTANTS, INC.
 (Unaudited)
 Quarter ended March 31 1992 1991
 Total revenue $12,976,000 $12,617,000
 Income before
 income taxes 850,000 1,672,000
 Provision for
 income taxes(A) (555,000) (730,000)
 Income before
 extraordinary item 295,000 942,000
 Extraordinary item:
 Reduction of income taxes
 rising from utilization of an
 international subsidiary's
 operating loss carryforward --- 30,000
 Net income 295,000 972,000
 Earnings per share:
 Income before extraordinary item $.11 $.35
 Extraordinary item --- .01
 Net income .11 .36
 Weighted average
 number of shares
 outstanding 2,777,454 2,682,454
 (A) No tax benefit was recognized during the first quarter 1992 for operating losses generated by the company's French subsidiary of $232,000 and one of the company's Canadian subsidiaries in the amount of $102,000. The company's French subsidiary generated operating income of $74,000 in the first quarter 1991. As of March 31, 1992, the company has net operating loss carryforwards of $584,000 in its French subsidiary and $306,000 in one of its Canadian subsidiaries.
 ------
 Comparison of network revenue, comprised of company-owned office revenue and affiliate offices' revenue is as follows:
 Quarter ended March 31 1992 1991
 (Unaudited)
 Network revenue $21,158,000 $20,353,000
 /delval/
 -0- 4/21/92
 /CONTACT: G. Lee Bohs, chief financial officer of Right Management Consultants, 215-988-1588/
 (RMCI) CO: Right Management Consultants, Inc. ST: Pennsylvania IN: SU: ERN


CC-JS -- PH021 -- 0600 04/21/92 11:33 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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