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SUNGARD(R) DATA SYSTEMS INC. ANNOUNCES THIRD QUARTER 1992 EARNINGS

SUNGARD(R) DATA SYSTEMS INC. ANNOUNCES THIRD QUARTER 1992 EARNINGS
 WAYNE, Pa., Oct. 22 /PRNewswire/ -- SunGard Data Systems Inc. (NASDAQ-NMS: SNDT) announced today that its net income for the quarter ended Sept. 30, 1992, was $6,623,000, an increase of 18 percent from net income of $5,594,000 for the third quarter of 1991.
 Primary earnings per share for the quarter rose 17 percent to $.42 from $.36 in 1991, and fully diluted earnings per share increased 14 percent to $.40 from $.35 in 1991.
 For the first nine months of 1992, net income was $18,639,000, an increase of 21 percent from net income of $15,348,000 for the first nine months of 1991. Primary earnings per share increased 19 percent to $1.19 from $1 and fully diluted earnings per share increased 16 percent to $1.14 from $.98 in 1991.
 Revenues for the third quarter of 1992 were $82,534,000 an increase of 15 percent over 1991 third quarter revenues of $71,839,000. For the first nine months of 1992, revenues were $232,229,000 up 12 percent over 1991 nine months revenues of $208,248,000.
 James L. Mann, chairman, president and chief executive officer said, "Each of our operating groups performed well during the quarter. Our results for the quarter are again in line with expectations and with estimates for the full year.
 "We continue to believe that full year primary earnings per share estimates of $1.57 to $1.65 are appropriate." This outlook, which may change, is based upon management's current assessment of both internal and external factors.
 SunGard Data Systems Inc. is the only large specialized provider of proprietary investment support systems to the financial services industry and is the pioneer and a leading provider of comprehensive computer disaster recovery services. Its common stock is reported on the NASDAQ National Market System under the symbol SNDT.
 SUNGARD DATA SYSTEMS INC.
 Consolidated Statements of Income
 (Unaudited; in thousands, except per-share amounts)
 Periods ended Nine months Three months
 Sept. 30 1992 1991 1992 1991
 Revenues $232,229 $208,248 $82,534 $71,839
 Costs and expenses:
 Cost of sales and
 direct operating 109,685 103,622 38,927 35,576
 Sales, marketing and
 administration 47,331 44,038 16,808 14,708
 Product development 16,083 9,633 6,003 3,495
 Depreciation of property
 and equipment 12,174 11,318 4,317 3,844
 Amortization of intangible
 assets 10,311 9,070 3,483 3,223
 Total 195,584 177,681 69,538 60,846
 Income from operations 36,645 30,567 12,996 10,993
 Interest income 2,260 2,969 721 929
 Interest expense (5,916) (6,128) (1,995) (1,932)
 Income before income taxes 32,989 27,408 11,722 9,990
 Income taxes 14,350 12,060 5,099 4,396
 Net income 18,639 15,348 6,623 5,594
 Net income per common share:
 Primary $1.19 $1.00 $.42 $.36
 Fully diluted 1.14 .98 .40 .35
 Supplemental Income Statement Information
 (Unaudited; in thousands)
 Periods ended Nine months Three months
 Sept. 30 1992 1991 1992 1991
 Revenues:
 Investment support systems $137,701 $120,670 $49,815 $41,342
 Disaster recovery services 70,013 61,253 23,964 21,276
 Computer services and other 24,515 26,325 8,755 9,221
 Total 232,229 208,248 82,534 71,839
 Income from operations:
 Investment support systems 29,032 26,087 9,856 8,414
 Disaster recovery services 10,002 4,770 3,639 2,362
 Computer services and other 2,143 3,440 916 1,374
 Corporate administration (4,532) (3,730) (1,415) (1,157)
 Total 36,645 30,567 12,996 10,993
 Operating margin (pct.):
 Investment support systems 21.1 21.6 19.8 20.4
 Disaster recovery services 14.3 7.8 15.2 11.1
 Computer services and other 8.7 13.1 10.5 14.9
 Total 15.8 14.7 15.7 15.3
 Consolidated Balance Sheets
 (In thousands)
 Sept. 30, 1992 Dec. 31, 1991
 Assets (Unaudited)
 Current:
 Cash, equivalents and
 short-term investments $83,580 $69,499
 Accounts receivable, net 69,348 62,449
 Prepaid expenses and other
 current assets 11,185 8,671
 Deferred income taxes 5,914 4,278
 Total current assets 170,027 144,897
 Property and equipment, net 55,845 50,165
 Software products, net 25,961 24,439
 Goodwill and other intangible
 assets, net 100,862 93,958
 Total $352,695 $313,459
 Liabilities and Stockholders' Equity
 Current:
 Short-term and current
 portion of long-term debt $5,704 $723
 Accounts payable and accrued expenses 31,766 25,174
 Accrued income taxes 6,141 4,397
 Deferred revenues 32,352 29,737
 Total current liabilities 75,963 60,031
 Long-term debt 86,650 87,097
 Deferred income taxes 5,974 3,333
 Stockholders' equity 184,108 162,998
 Total $352,695 $313,459
 /delval/
 -0- 10/22/92
 /CONTACT: David D. Gathman of SunGard Data Systems, 215-341-8709/
 (SNDT) CO: SunGard Data Systems, Inc. ST: Pennsylvania IN: CPR SU: ERN


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Date:Oct 22, 1992
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