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SCIENTIFIC SOFTWARE-INTERCOMP ANNOUNCES EARNINGS

 DENVER, May 5 /PRNewswire/ -- Scientific Software-Intercomp Inc. (NASDAQ: SSFT) today announced revenues of $7,620,000 and net income of $419,000, or 8 cents per share, for the quarter ended March 31, 1993, representing the company's ninth consecutive profitable quarter. Net income increased 19 percent over the quarter ended March 31, 1992, when the company reported net income of $351,000, or 7 cents per share. Revenues increased 14 percent over first quarter 1992 revenues of $6,673,000.
 R.J. Hottovy, chief financial officer, stated that the revenue and profitability increases were achieved from higher consulting revenues. Exploration and production consulting revenue increased 42 percent to $2,700,000 in 1993 from $1,900,000 in 1992 as a result of new contracts signed in 1992 and in the first quarter of 1993.
 Scientific Software-Intercomp has major offices in Denver, Houston, Calgary and London, with smaller offices in Santa Clara, Calif., Dallas, Boston, Caracas and Cairo.
 SCIENTIFIC SOFTWARE-INTERCOMP INC.
 Consolidated Statements of Operations
 (In thousands, except per share amount)
 For the Quarter Ended
 March 31,
 1993 1992
 Revenues $7,620 $6,673
 Costs and expenses 6,988 6,251
 Income from operations 632 422
 Other income (expense), net (113) 5
 Income before income taxes 519 427
 Income taxes 100 76
 Net income $419 $351
 Income per share $0.08 $0.07
 CONSOLIDATED BALANCE SHEETS
 (In thousands)
 March 31, Dec. 31,
 1993 1992
 Current assets:
 Cash and cash equivalents $326 $657
 Other current assets 14,867 13,021
 Total current assets 15,193 13,678
 Software, net 26,451 26,350
 Property & equipment, net 1,356 1,371
 Other assets 1,440 1,482
 $44,440 $42,881
 March 31, Dec. 31,
 1993 1992
 Current liabilities:
 Notes payable to bank $5,019 $212
 Other current liabilities 12,733 11,550
 Total current liabilities 17,752 11,762
 Long term obligations 4,200 8,827
 Redeemable preferred stock 4,000 4,000
 Stockholders' equity 18,488 18,292
 $44,440 $42,881
 -0- 5/5/93
 /CONTACT: R.J. Hottovy of Scientific Software, 303-292-1111/
 (SSFT)


CO: Scientific Software-Intercomp Inc. ST: Colorado IN: CPR SU: ERN

MC -- DV004 -- 4796 05/05/93 10:34 EDT
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Date:May 5, 1993
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