Printer Friendly

STERLING SOFTWARE ANNOUNCES SECOND QUARTER RESULTS

 STERLING SOFTWARE ANNOUNCES SECOND QUARTER RESULTS
 DALLAS, April 29 /PRNewswire/ -- Sterling Software, Inc. (NYSE: SSW)


announced today results for its 1992 second fiscal quarter ended March 31, 1992. Revenue for the quarter rose 19 percent to $62.2 million from $52.1 million a year ago and earnings per share increased to 27 cents, up from 19 cents last year.
 For the first six months of fiscal 1992, revenue and earnings per share were $118.4 million and 51 cents respectively. These results compare to revenue of $102.9 million and earnings per share of 33 cents in fiscal 1991.
 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
 (Dollars in thousands, except per share data - Unaudited)
 Periods ended Three Months Six Months
 March 31 1992 1991(A) 1992 1991(A)
 Revenue $ 62,203 $ 52,123 $118,364 $102,854
 Income before extraordinary
 gain 3,011 2,402 5,737 4,270
 Extraordinary gain(B) -- -- -- 396
 Net income 3,011 2,402 5,737 4,666
 Preferred dividends (50) (861) (294) (1,681)
 Earnings to common $ 2,961 $ 1,541 $ 5,443 $ 2,985
 Earnings per share
 Before extraordinary gain $ .27 $ .19 $ .51 $ .33
 After extraordinary gain $ .27 $ .19 $ .51 $ .38
 Average shares outstanding
 (000s) 8,823 5,942 8,339 6,007
 (A) The results of operations for the three months and six months ended March 31, 1991 have been 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 six months ended March 31, 1991.
 -0- 4/29/92
 /CONTACT: Betty Feezor of Sterling Software, 214-891-8600/
 (SSW) CO: Sterling Software, Inc. ST: Texas IN: CPR SU: ERN


SM -- NY095 -- 4642 04/29/92 17:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1992
Words:328
Previous Article:GOTTSCHALKS ANNOUNCES FIRST QUARTER RESULTS
Next Article:P.A. BERGNER & COMPANY ANNOUNCES FINANCIAL PERSONNEL CHANGES


Related Articles
STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS
STERLING SOFTWARE ANNOUNCES HIGHER EARNINGS FOR THIRD QUARTER AND FIRST NINE MONTHS
STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS
STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS
KNOWLEDGEWARE REPORTS FY 1994 OPERATING RESULTS SIGNS AMENDED MERGER AGREEMENT WITH STERLING SOFTWARE
STERLING SOFTWARE ANNOUNCES SECOND QUARTER RESULTS
STERLING SOFTWARE ANNOUNCES FIRST QUARTER RESULTS
Sterling Software Announces Second Quarter Results
Sterling Software Announces Second Quarter Results
Sterling Software Announces Preliminary Record First Quarter Results; Company Reports 45 Quarters of Consecutive Quarterly Revenue and Earnings Per...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters