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SCT ANNOUNCES FISCAL 1992 SECOND QUARTER RESULTS

 SCT ANNOUNCES FISCAL 1992 SECOND QUARTER RESULTS
 MALVERN, Pa., April 15 /PRNewswire/ -- Systems & Computer Technology


Corp. (SCT) (NASDAQ: SCTC) today announced its unaudited financial results for the second quarter and first six months of fiscal 1992, which ended March 31, 1992.
 Revenue for the quarter increased 49 percent to $20,391,000, compared with $13,683,000 in the second quarter of fiscal 1991. Income before taxes and extraordinary item grew 31 percent to 1,390,000, compared with $1,059,000 for the 2nd quarter of fiscal 1991. Net income rose by 13 percent to $1,090,000, vs. net income of $967,000 for the same period last year.
 Second quarter earnings per share before utilization of net operating loss carryforwards were $.06, and earnings per share were $.08. For the same quarter last year, earnings per share before the extraordinary item were $.05, and earnings per share were $.08. For the first six months of fiscal 1992, revenue was $40,168,000, an increase of 50 percent compared with $26,836,000 for the same period in 1991. The net income for the period grew by 93 percent to $2,594,000 ($.20 per share) compared to $1,343,000 ($.11 per share) for the same period in 1991.
 During this quarter, SCT signed more than $54,000,000 of new business and contract renewals and extensions. The Company's backlog of business under contract at the end of the second quarter was in excess of $160,000,000, compared with $93,000,000 a year ago.
 The 1992 results include the operations of SCT subsidiaries, Mentor Information Systems and SCT Utility Systems which were acquired in March 1991.
 "The results of this past quarter reflect some slippage with respect to several software contracts that we were unable to close by March 31st. We expect that the contracts will be signed during the second half of fiscal 1992," said Michael J. Emmi, SCT's chairman and chief executive officer.
 SCT is a leading provider of applications software and computing management services for higher education institutions, government jurisdictions and private and public utilities nationwide. The company is headquartered at 4 Country View Road, Malvern.
 SYSTEMS & COMPUTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
 Consolidated Results of Operations
 (In thousands, except per-share amounts)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenues:
 OnSite services $11,303 $7,539 $21,032 $14,874
 Software and hardware sales
 and services 8,758 5,642 18,406 11,034
 Interest and other revenue 330 502 730 928
 Total Revenues 20,391 13,683 40,168 26,836
 Expenses:
 Cost of OnSite services 8,811 6,020 16,660 12,123
 Cost of software and hardware
 sales and services 5,916 3,552 11,242 7,079
 Selling, general and admin. 4,239 3,005 8,898 6,047
 Interest expense 35 47 73 98
 Total Expenses 19,001 12,624 36,873 25,347
 Income before income taxes,
 extraordinary item 1,390 1,059 3,295 1,489
 Provision for federal and state
 income taxes 584 445 1,384 625
 Income before extraordinary item 806 614 1,911 864
 Extraordinary Item:
 Utilization of net operating loss
 carryforwards 284 353 683 479
 Net income $1,090 $967 $2,594 $1,343
 Earnings per common share before
 extraordinary item $0.06 $0.05 $0.15 $0.07
 Net income per common share $0.08 $0.08 $0.20 $0.11
 Avg. equivalent shares
 outstanding 12,944 11,638 12,818 11,730
 Consolidated Balance Sheets
 Mar. 31, Sept. 30,
 1992 1991
 Cash & marketable securities $11,902 $13,844
 Receivables 24,054 17,033
 Prepaid expenses 2,366 2,373
 Property & equipment 8,397 8,352
 Capitalized software 2,528 2,612
 Cost in excess of fair value of
 Net assets acquired 3,367 3,452
 Other assets & deferred charges 3,553 3,659
 TOTAL ASSETS $56,167 $51,325
 Current liabilities $8,485 $7,401
 Long-term debt 2,187 2,260
 Deferred Taxes 287
 Shareholders' equity 45,208 41,664
 TOTAL LIABILITIES & EQUITY $56,167 $51,325
 /delval/
 -0- 4/15/92
 /CONTACT: Eric Haskell, senior vp, Finance & Administration, of 215-640-5175, or, fax, 215 640-5102/
 (SCTC) CO: Systems & Computer Technology ST: Pennsylvania IN: CPR SU: ERN


MK -- PH010 -- 8526 04/15/92 09:22 EDT
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