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STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS

 DALLAS, Feb. 1 /PRNewswire/ -- Sterling Software, Inc. (NYSE: SSW) announced today results for its 1993 first fiscal quarter ended Dec. 31, 1992. Revenue for the quarter rose 17 percent to $65.6 million from $56.2 million a year ago and earnings per share increased to 30 cents, up from 24 cents last year. Sterling said the first quarter represented the company's 17th consecutive quarter of year-to-year growth in revenue and earnings.
 During the quarter, the company acquired the EDI software business of Entity Software, located in Surrey, England. Sterling Williams, the company's president and chief executive officer, said the acquisition is a key step in Sterling's international EDI expansion. The business will become part of Sterling's EDI Group and will operate out of its international headquarters in London.
 Also during the quarter, Sterling announced the public offering of $100,000,000 principal amount of 5-3/4 percent Convertible Subordinated Debentures Due 2003. In addition to redeeming its 8 percent Convertible Senior Subordinated Debentures Due 2001, the company will use the proceeds from the offering for working capital and other general corporate purposes, including possible acquisitions of businesses and products.
 Commenting on the company's results, Williams said, "It was an excellent first quarter. All three business groups -- Systems Software, EDI and Federal Systems -- increased their revenue and earnings over last year."
 Sterling Software, headquartered in Dallas, specializes in EDI and systems software products and services, and technical professional services to the federal government.
 STERLING SOFTWARE, INC.
 Results of Operations
 (Unaudited, in thousands, except per share data)
 Three months ended
 Dec. 31 1992 1991
 Revenues $ 65,566 $ 56,161
 Net income 3,853 2,726
 Preferred dividends (49) (244)
 Earnings to common 3,804 2,482
 Earnings per share $.30 $.24
 Average shares outstanding (000's) 10,073 7,900
 -0- 2/1/93
 /CONTACT: Anne Vahala, director - investor relations of Sterling Software, 214-891-8600/
 (SSW)


CO: Sterling Software, Inc. ST: Texas IN: CPR SU: ERN

WB -- NY048 -- 1314 02/01/93 11:12 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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