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SEI RELEASES FIRST QUARTER 1992 RESULTS

 SEI RELEASES FIRST QUARTER 1992 RESULTS
 WAYNE, Pa., April 23 /PRNewswire/ -- SEI Corporation (NASDAQ: SEIC)


today released first quarter 1992 results of operations, the company announced.
 For the three-month period ended March 31, 1992, revenues were $51.6 million, compared to $43.8 million for the corresponding quarter in 1991. Income before income taxes from continuing operations for the first quarter of 1992 and 1991 was $6.8 million, while income from continuing operations for the first quarter of 1992 was $4.2 million, compared to $4.1 million in the same period of 1991.
 Earnings per share from continuing operations for the first quarter of 1992 was $.37 vs. $.36 registered during the same quarter of 1991, based on shares used to compute earnings per share of 11,333,000 and 11,575,000 in the first quarter of 1992 and 1991, respectively.
 Results of operations for SEI Corporation for the first quarter of 1992 are not affected by the discontinued operations of Reality Technologies, Ltd., an investment which was written off by the company in the third quarter of last year.
 The Trust and Banking Unit reported revenue of $37.8 million and operating profit of $11.3 million in the first quarter of 1992 vs. $31.0 million and $9.2 million in the first quarter of 1991.
 The company's mutual fund product line continues to expand primarily from the addition of new clients in the bank proprietary fund sector, resulting in aggregate growth in assets to $21 billion at the end of first quarter 1992, compared to $16.3 billion at the end of first quarter 1991.
 The Fund Sponsor/Investment Advisory segment registered revenues of $13.8 million in the first quarter of 1992, with operating profit of $430,000, while the same group reported revenues of $12.8 million and operating profit of $1.1 million in 1991.
 Reduction in operating profit in Fund Sponsor/Investment Advisory was due primarily to investments in the sales and marketing functions. These investments, although affecting current quarter results, are necessary for the unit to provide higher-margin financial products and services to clients.
 Cash flow continued strong during the first quarter of 1992, during which the company bought back 25,000 shares at a cost of $766,000. To date, SEI has repurchased more than 4 million shares at a cost of $73.4 million.
 SEI CORPORATION
 (In thousands, except per-share data)
 Three months ended March 31 1992 1991
 Revenues $51,568 $43,819
 Income before income taxes 6,821 6,759
 Income from continuing operations 4,195 4,123
 Loss from discontinued operations,
 net of income tax benefit --- (640)
 Net income 4,195 3,483
 Earnings per share from
 continuing operations $.37 $.36
 Loss per share from
 discontinued operations -- (.06)
 Earnings per share .37 .30
 Weighted average number
 of shares outstanding 11,333 11,575
 /delval/
 -0- 4/23/92
 /CONTACT: Murray A. Louis of SEI, 215-254-1932/
 (SEIC) CO: SEI Corporation ST: Pennsylvania IN: CPR SU: ERN


MP-JS -- PH014 -- 1746 04/23/92 10:12 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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