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STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS

 STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS
 DALLAS, Feb. 13 /PRNewswire/ -- Sterling Software, Inc. (NYSE: SSW)


announced today results for its 1992 first fiscal quarter ended Dec. 31, 1991. Revenue for the quarter rose 11 percent to $56.2 million from $50.7 million a year ago and earnings per share increased to 24 cents, up from 15 cents last year.
 Effective Oct. 1, 1991, Sterling Software adopted the AICPA Statement of Position 91-1 (SOP) titled "Software Revenue Recognition." First quarter results reflect the new revenue recognition policies and results for prior periods were restated as required by the SOP.
 During the quarter, the company concluded an exchange offer of common stock for its exchangeable preferred stock and subsequently redeemed the remaining shares of the preferred stock which were not tendered for exchange. These transactions resulted in the elimination of approximately $3.2 million in annual preferred dividends and issuance of approximately 1.55 million shares of common stock. Also during the quarter, Sterling completed the acquisition of National Systems Corporation, a firm specializing in EDI for the banking industry and the acquisition of Knowledge Systems Concepts, a firm providing professional services to the federal government.
 Sterling L. Williams, president, said the first quarter results "reflect strong performance in each of our three businesses. We are off to a very good start in 1992."
 Sterling Software, headquartered in Dallas, specializes in EDI, systems software and in professional services to the U.S. government.
 STERLING SOFTWARE, INC.
 Results of Operations as Restated for SOP 91-1 (A)
 (Unaudited; $ in thousands, except per-share data)
 Three months ended Dec. 31 1991 1990(A)
 Revenue $56,161 $50,731
 Income from continuing operations
 before extraordinary gain 2,726 1,868
 Extraordinary gain (B) -- 396
 Net income 2,726 2,264
 Preferred dividends (244) (820)
 Earnings to common 2,482 1,444
 Earnings per share
 Continuing operations before
 extraordinary gain $0.24 $0.15
 After extraordinary gain 0.24 0.19
 Average shares outstanding (000s) 7,900 6,070
 (A) -- Restated in accordance with AICPA SOP 91-1 titled "Software Revenue Recognition" adopted Oct. 1, 1991, and applied retroactively.
 (B) -- Represents the tax effected net gain from the early retirement of the company's 8 percent convertible debentures which were repurchased at a discount during the three-month period ended Dec. 31, 1990.
 -0- 2/13/92
 /CONTACT: Betty Feezor of Sterling Software, 214-891-8600/
 (SSW) CO: Sterling Software, Inc. ST: Texas IN: CPR SU: ERN


CK -- NY111 -- 9983 02/13/92 17:23 EST
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Date:Feb 13, 1992
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