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SCT ANNOUNCES FISCAL 1993 THIRD QUARTER RESULTS; POSTS RECORD OPERATING RESULTS

 MALVERN, Pa., July 14 /PRNewswire/ -- Systems & Computer Technology Corporation (SCT) (NASDAQ: SCTC) today announced its unaudited financial results for the third quarter and first nine months of fiscal 1993, which ended June 30, 1993.
 Revenue for the third quarter increased 32.8 percent to $30,931,000, compared with $23,283,000 in the same quarter of fiscal 1992. Income before taxes and extraordinary item grew to $3,217,000, compared with a net loss of $6,378,000 for the third quarter of fiscal 1992. Net income for the period rose to $2,736,000, versus a net loss of $5,877,000 for the same period last year. Last year's figures included a nearly $7.7 million non-recurring charge for purchased research and development related to SCT's June 1992 acquisition of Information Associates, Inc. (IA) from Dun & Bradstreet Software.
 Third quarter earnings per share before utilization of net operating loss carryforwards were $.15, and earnings per share were $.21. For the same quarter last year, loss per share before the extraordinary item was $.43, and loss per share was $.49.
 For the first nine months of fiscal 1993, SCT's revenue was $86,752,000, an increase of 36.7 percent compared with $63,451,000 for the same period in 1992. The net income for the nine-month period grew to $5,746,000, or $.32 per share, compared to a net loss of $3,282,000 ($.28 per share) for the same period in 1992.
 "We are pleased to note that our third-quarter results of operations were record-setting, largely due to robust orders for our higher education software products," said company chairman and CEO Michael J. Emmi. "We experienced strong demand for both the company's BANNER and IA-Plus products."
 Another highlight of the third quarter was the May, 1993 signing of Fairfield University, Fairfield, Conn., to a five-year, $12.6 million contract for the company's BANNER Series of administrative software and OnSite computing management services. The university has the option to extend the contract for an additional two-year period which would raise the total value to $17 million. SCT will provide the university with a total academic and administrative systems solution, by pairing its OnSite offering with the BANNER Student, Finance, Financial Aid, Alumni/Development, and Human Resources systems.
 The company's backlog of business under contract at the end of the third quarter was approximately $240,000,000. This total compares with approximately $184,000,000 in backlog a year ago.
 The company is a leading provider of facilities management services and administrative application software in the U.S. higher education and local government markets, and has recently introduced a new product for the utility market.
 SYSTEMS & COMPUTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
 Consolidated Results Of Operations
 (In thousands, except per share amounts)
 Periods ended Three months Nine months
 June 30 1993 1992 1993 1992
 Revenues:
 OnSite services $13,495 $11,591 $38,309 $32,623
 Software and hardware sales
 and services 17,308 11,399 48,111 29,805
 Interest and other revenue 128 293 332 1,023
 Total Revenues 30,931 23,283 86,752 63,451
 Expenses:
 Cost of OnSite services 10,474 9,376 30,913 26,036
 Cost of software and hardware
 sales and services 9,289 7,418 26,785 18,660
 Selling, general and admin. 7,685 5,090 21,632 13,988
 Charge for purchased R&D 0 7,693 0 7,693
 Interest expense 266 84 700 157
 Total Expenses 27,714 29,661 80,030 66,534
 Income (loss) before income taxes,
 extraordinary item 3,217 (6,378) 6,722 (3,083)
 Provision (benefit) for federal and
 state income taxes 1,321 (1,184) 2,702 200
 Income (loss) before
 extraord. item 1,896 (5,194) 4,020 (3,283)
 Extraordinary Item:
 Utilization (reversal) of net
 operating loss carryforwards 840 (683) 1,726 0
 Net income (loss) 2,736 (5,877) 5,746 (3,283)
 Income (loss) per common share before
 extraordinary item 0.15 (0.43) 0.32 (0.28)
 Net income (loss) per common share 0.21 (0.49) 0.45 (0.28)
 Weighted average shares
 outstanding 12,779 11,946 12,751 11,840
 Condensed Consolidated Balance Sheets
 June 30, Sept. 30,
 1993 1992
 Cash & marketable securities 1,668 4,299
 Receivables 40,360 29,875
 Prepaid expenses 5,893 5,188
 Property & equipment 12,974 12,632
 Capitalized software 2,412 2,502
 Cost in excess of fair value of
 Net assets acquired 7,338 6,628
 Covenants-Not-To-Compete 3,991 4,861
 Other assets & deferred charges 6,696 6,502
 TOTAL ASSETS 81,332 72,487
 Current liabilities 16,793 19,203
 Long-term debt 17,585 12,610
 Shareholders' equity 46,954 40,674
 TOTAL LIABILITIES & EQUITY 81,332 72,487
 /delval/
 -0- 7/14/93
 /CONTACT: Eric Haskell, senior vice president, finance & administration of SCT, 215-640-5175/
 (SCTC)


CO: Systems & Computer Technology Corporation ST: Pennsylvania IN: CPR SU: ERN

MK -- PH007 -- 1431 07/14/93 12:46 EDT
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