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SCIENTIFIC SOFTWARE-INTERCOMP ANNOUNCES RESULTS

 DENVER, Aug. 9 /PRNewswire/ -- Scientific Software-Intercomp Inc. (NASDAQ: SSFT) today announced revenues of $8,037,000 and net income of $364,000, or 7 cents per share, for the quarter ended June 30, 1993, representing the company's tenth consecutive profitable quarter. Net income increased 63 percent over the quarter ended June 30, 1992, when the company reported net income of $223,000, or 5 cents per share. Revenues increased 14 percent over second quarter 1992 revenues of $7,067,000.
 For the six months ended June 30, 1993, the company reported revenues of $15,657,000 and net income of $783,000, or 15 cents per share. Revenues increased 14 percent and net income increased 36 percent over the six month period ended June 30, 1992, when the company reported revenues of $13,740,000 and net income of $574,000, or 12 cents per share.
 R.J. Hottovy, chief financial officer, stated that the revenue and profitability increases, resulted from significant new consulting contracts signed by the company in 1992 and in early 1993. Revenue from consulting and training for the six months ended June 30, 1993 increased 29 percent to $9,976,000 from $7,714,000 for the like period in 1992.
 Revenues from the company's new SAMMI(TM) and WorkBench products totaled approximately $3,000,000 during the six months ended June 30, 1993, compared to approximately $2,100,000 during the six months ended June 30, 1992. The company expects further increases in market penetration of these new products in future quarters.
 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 Statement of Operations
 (In thousands, except per share amounts)
 For the Three For the Six
 Months Ended Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Revenues $8,037 $7,067 $15,657 $13,740
 Costs and expenses 7,394 6,822 14,362 13,073
 Income from operations 643 245 1,295 667
 Other income (expense), net (204) (1) (337) 4
 Income before income taxes 439 244 958 671
 Income taxes 75 21 175 97
 Net income $364 $223 $783 $574
 Income per share $0.07 $0.05 $0.15 $0.12
 Consolidated Balance Sheets
 (In thousands)
 June 30, Dec. 31,
 1993 1992
 Current assets:
 Cash and cash equivalents $564 $657
 Other current assets 14,584 13,021
 Total current assets 15,148 13,678
 Software, net 26,450 26,350
 Property and equipment, net 1,379 1,371
 Other assets 1,242 1,482
 $44,219 $42,881
 Current liabilities:
 Notes payable to bank $5,003 $212
 Other current liabilities 11,919 $11,550
 Total current liabilities 16,922 11,762
 Long-term obligations 4,226 8,827
 Redeemable preferred stock 4,000 4,000
 Stockholders' equity 19,071 18,292
 $44,219 $42,881
 -0- 8/9/93
 /CONTACT: R.J. Hottovy of Scientific Software-Intercomp, 303-292-1111/
 (SSFT)


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

BB -- DV005 -- 0789 08/09/93 13:45 EDT
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Date:Aug 9, 1993
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