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SCT ANNOUNCES FOURTH QUARTER AND FY93 RESULTS; CAPS YEAR WITH TWO MAJOR CONTRACTS

 MALVERN, Pa., Oct. 25 /PRNewswire/ -- Systems & Computer Technology Corporation (SCT) (NASDAQ: SCTC) today announced its unaudited financial results for the fourth quarter and year-end of fiscal 1993, which ended Sept. 30, 1993.
 Revenue for the fourth quarter increased 22 percent to $33,416,000, compared with $27,432,000 in the same quarter of fiscal 1992. Income before taxes and extraordinary item grew to $4,501,000, compared with $1,436,000 for the fourth quarter of fiscal 1992. Net income for the period rose to $3,867,000, versus net income of $1,014,000 for the same period last year.
 Fourth-quarter fully diluted earnings per share before extraordinary item were $.20, and fully diluted earnings per share were $.29. For the same quarter last year, earnings per share before the extraordinary item were $.07, and earnings per share were $.08.
 For all of fiscal 1993, revenue was $120,168,000, compared to $90,883,000 for fiscal 1992, an increase of 32 percent. Income before extraordinary item was $6,712,000, or $.51 per share, for fiscal 1993 compared to a loss before extraordinary item of $2,450,000 ($.21 per share) for fiscal 1992. Net income for the year was $9,613,000, or $.74 per share, compared with a net loss of $2,270,000 ($.19 share) for fiscal 1992. 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.
 The company's backlog of business under contract at the end of the year was in excess of $293,000,000 compared with $201,000,000 a year ago.
 Significant new contracts achieved by SCT during the fourth quarter of 1993 included its July signing of the University of Medicine & Dentistry of New Jersey (UMDNJ), Newark, N.J. to a $50 million, 10-year contract for the company's OnSite computing management services and BANNER Series of administrative software. Also signed during the fourth-quarter, 1993 was Mohave County, Ariz. to an $11 million, seven- year OnSite services contract.
 "SCT is traditionally a strong performer in the latter portion of the year, and during 1993 we are pleased to have exceeded our expectations. We posted record-setting revenues in a very good fourth quarter and second half," noted company CEO & Chairman Michael J. Emmi. "During the quarter, we announced the signing of UMDNJ, the largest contract in our quarter-century history, helping our backlog reach record levels as well."
 SCT is a leading provider of facilities management services and administrative applications software to the U.S. higher education and local government markets, and has recently introduced a new product for the utilities market.
 SYSTEMS & COMPUTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
 Consolidated Results Of Operations
 (In Thousands, Except Per-Share Amounts)
 Periods ended Three months Year
 Sept. 30 1993 1992 1993 1992
 Revenues:
 OnSite services $15,376 $11,060 $53,685 $43,683
 Software and hardware sales
 and services 11,164 10,154 39,979 33,376
 Maintenance and enhancements 6,750 5,849 26,046 13,088
 Interest and other revenue 126 369 458 736
 Total Revenues 33,416 27,432 120,168 90,883
 Expenses:
 Cost of OnSite services 11,697 9,198 42,610 35,234
 Cost of software and hardware
 sales and services and
 maintenance and enhancements 9,216 9,734 36,001 28,394
 Selling, general and
 administrative 7,686 6,778 29,318 20,766
 Charge for purchased research
 and development 0 0 0 7,693
 Interest expense 316 286 1,016 443
 Total Expenses 28,915 25,996 108,945 92,530
 Income (loss) before income
 taxes, extraordinary credit 4,501 1,436 11,223 (1,647)
 Provision (benefit) for federal
 and state income taxes 1,809 602 4,511 803
 Income (loss) before
 extraordinary credit 2,692 834 6,712 (2,450)
 Extraordinary Credit:
 Utilization (reversal) of net
 operating loss carryforwards 1,175 180 2,901 180
 Net income (loss) 3,867 1,014 9,613 (2,270)
 Income per common share:
 Income (loss) before extraordinary credit:
 Primary $0.21 $0.07 $0.53 $(0.21)
 Fully diluted 0.20 0.07 0.51 (0.21)
 Net income (loss):
 Primary 0.30 0.08 0.75 (0.19)
 Fully diluted 0.29 0.08 0.74 (0.19)
 Common shares and equivalents outstanding:
 Primary 13,017 12,573 12,780 11,848
 Fully diluted 13,807 12,573 13,196 11,848
 CONDENSED CONSOLIDATED BALANCE SHEETS
 Sept. 30 Sept. 30
 1993 1992
 Cash & marketable securities 29,522 4,299
 Receivables 41,241 29,875
 Prepaid expenses 5,329 5,188
 Property & equipment 13,847 12,632
 Capitalized software 2,445 2,502
 Cost in excess of fair value of
 net assets acquired 7,231 6,628
 Covenants-Not-To-Compete 3,701 4,861
 Other assets & deferred charges 8,126 6,502
 TOTAL ASSETS 111,442 72,487
 Current liabilities 25,660 19,203
 Long-term debt 34,500 12,610
 Shareholders' equity 51,282 40,674
 TOTAL LIABILITIES & EQUITY 111,442 72,487
 /delval/
 -0- 10/25/93
 /CONTACT: Eric Haskell, senior vice president, finance & administration of SCT, 215-640-5175/
 (SCTC)


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

MP -- PH007 -- 6163 10/25/93 09:24 EDT
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Date:Oct 25, 1993
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