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SCT ANNOUNCES 4TH QUARTER AND FY92 RESULTS; CAPS YEAR WITH MULTI-MILLION DOLLAR CONTRACT

 SCT ANNOUNCES 4TH QUARTER AND FY92 RESULTS;
 CAPS YEAR WITH MULTI-MILLION DOLLAR CONTRACT
 MALVERN, Pa., Oct. 27 /PRNewswire/ -- Systems & Computer Technology Corp. (NASDAQ: SCTC) (SCT) today announced its unaudited financial results for the fourth quarter and fiscal year 1992, which ended Sept. 30, 1992.
 Revenue for the quarter increased to $27,432,000, compared with $19,568,000 in the fourth quarter of fiscal 1991. Income before taxes and extraordinary item was $1,436,000, compared with $1,853,000 for the 4th quarter of fiscal 1991. Net income for the period was $1,014,000, versus net income of $1,713,000 for the same period last year.
 Fourth quarter earnings per share before utilization of net operating loss carryforwards were $.07, and earnings per share were $.08. For the same quarter last year, earnings per share before the extraordinary item were $.09, and earnings per share were $.14.
 For all of fiscal 1992, revenue was $90,883,000 compared to $65,366,000 for fiscal 1991. Loss before extraordinary item was $2,450,000 ($.21 per share) for fiscal 1992 compared to a gain of $2,992,000 ($.24 per share) for fiscal 1991. There was a net loss for the year of $2,270,000, or $.19 per share. This compares with a net income of $4,736,000 ($.38 per share) for fiscal 1991. The company recorded a $7,693,000 non-recurring charge for purchased research and development related to the June 1992 acquisition of Information Associates, Inc. (IA), from Dun & Bradstreet Software.
 The company's backlog of business under contract at the end of the year was in excess of $201,000,000 compared with $120,000,000 a year ago.
 The 1992 results include the operation of SCT's Mentor and Utility Systems subsidiaries.
 "SCT ended the year on a high note with the signing of a $14.6 million, 7-year contract with the University of the Pacific, a multi-campus institution in California," said Michael J. Emmi, SCT's chairman and chief executive officer. "Similar to other 'bundled services' agreements signed this year, this contract includes both OnSite computing management services and all five BANNER(R) administrative systems for higher education. In addition, we will be implementing IntelliQuest(TM), a natural language query system that runs in conjunction with BANNER."
 "We're very excited about our new partnership with this prestigious university, which boasts an undergraduate campus, a law school and dental school. One key feature of this new contract is the transition of the university's computing system to an open systems/UNIX environment. Now, the administrative processes of all three campuses will be linked by high-speed communications lines. We will also assist the university with its short and long range academic planning."
 Emmi also reported that, "During this last quarter, we repaid $6.5 million of the approximately $17 million debt we had taken on when we acquired Information Associates. In effect, we have paid down 40 percent of our total debt in less than four months, reducing our debt balance to $12.6 million."
 SCT has been a leading supplier of applications software and computing management services for higher education institutions, government jurisdictions and private and public utilities nationwide since 1968. The company is headquartered at 4 Country View Rd., Malvern.
 SYSTEMS & COMPUTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
 Consolidated Results of Operations
 (In thousands, except per share amounts)
 Periods ended Three months Year
 Sept. 30 1992 1991 1992 1991
 Revenues:
 OnSite services $11,060 $9,462 $43,683 $32,979
 Software and hardware sales
 and services 16,003 9,563 45,808 30,437
 Interest and other revenue 369 543 1,392 1,950
 Total Revenues 27,432 19,568 90,883 65,366
 Expenses:
 Cost of OnSite services 9,198 7,951 35,234 26,920
 Cost of software and hardware
 sales and services 9,734 6,101 28,394 19,484
 Selling, general and admin. 6,778 3,623 20,766 13,622
 Charge for purchased R&D 0 0 7,693 0
 Interest expense 286 40 443 181
 Total Expenses 25,996 17,715 92,530 60,207
 Income (loss) before income taxes,
 extraordinary item 1,436 1,853 (1,647) 5,159
 Provision for federal and state
 income taxes 602 778 803 2,167
 Income (loss) before
 extraordinary item 834 1,075 (2,450) 2,992
 Extraordinary item:
 Utilization of net operating loss
 carryforwards 180 638 180 1,744
 Net income (loss) $1,014 $1,713 ($2,270) $4,736
 Earnings (loss) per common share
 before extraordinary item $0.07 $0.09 ($0.21) $0.24
 Net income (loss) per common share 0.08 0.14 (0.19) 0.38
 Weighted average
 shares outstanding 12,573 12,511 11,848 12,506
 SYSTEMS & COMPUTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
 Condensed Consolidated Balance Sheets
 Sept. 30, 1992 1991
 Cash & marketable securities $4,299 $13,844
 Receivables 29,875 17,033
 Prepaid expenses 5,188 2,373
 Property & equipment 12,632 8,352
 Capitalized software 2,502 2,612
 Cost in excess of fair value of
 net assets acquired 6,628 3,452
 Other assets & deferred charges 11,363 3,659
 TOTAL ASSETS $72,487 $51,325
 Current liabilities $19,203 $7,401
 Long-term debt 12,610 2,260
 Shareholders' equity 40,674 41,664
 TOTAL LIABILITIES & EQUITY $72,487 $51,325
 /delval/
 -0- 10/27/92
 /CONTACT: Eric Haskell, senior vice president-finance & administration of SCT, 215-640-5175/
 (SCTC) CO: Systems & Computer Technology Corp. ST: Pennsylvania IN: CPR SU: ERN


MP -- PH008 -- 5261 10/27/92 09:57 EST
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