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VIEWLOGIC SYSTEMS REPORTS RECORD FOURTH-QUARTER AND YEAR-END RESULTS; 1991 REVENUES INCREASE 38 PERCENT; INCOME MORE THAN DOUBLES

VIEWLOGIC SYSTEMS REPORTS RECORD FOURTH-QUARTER AND YEAR-END RESULTS;
 1991 REVENUES INCREASE 38 PERCENT; INCOME MORE THAN DOUBLES
 MARLBORO, Mass., Jan. 29 /PRNewswire/ -- Viewlogic Systems, Inc., (NASDAQ: VIEW) today reported that net income for the year ended Dec. 31, 1991, more than doubled, to $2.9 million, or 27 cents per share. Last year's comparable income before extraordinary item was $1.4 million, or 14 cents per share. Revenues for 1991 were $42.1 million, up 38 percent compared with $30.4 million for the same period in 1990.
 For the fourth quarter ended Dec. 31, 1991, Viewlogic reported net income of $1.3 million, or 12 cents per share, compared with income before extraordinary item of $329,000, or 3 cents per share, for the same period in 1990. Fourth-quarter 1991 revenues were $12.3 million, compared with $9.6 million for the fourth quarter of 1990.
 Alain Hanover, chairman and chief executive officer, said, "Our strong performance reflects our ability to identify and respond effectively to the specific needs of our market. We focus exclusively on the critical design-engineering phase of the electronic-design process, with special emphasis on customized and programmable chips. This strategy, coupled with our open architecture and our conformance to industry standards, sets us apart from our competitors. They are the primary factors of our success in 1991, and we expect them to be competitive advantages for Viewlogic in 1992."
 Viewlogic's family of software tools automates the electronic design of programmable chips and systems used in products ranging from personal computers and medical instrumentation to complex telecommunications systems. The company's strategy is to provide products that excel in functionality, integrate with other development tools and operate on the widest range of UNIX-based workstations and DOS-based PCs. This unique approach has enabled Viewlogic to be one of the fastest-growing companies in the CAE (computer-aided engineering) segment of the EDA (electronic design automation) market.
 VIEWLOGIC SYSTEMS, INC. and SUBSIDIARIES
 CONSOLIDATED INCOME STATEMENTS
 (In thousands, except per share data)
 Quarter Ended Year Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 (Unaudited)
 Revenue $12,313 $9,582 $42,068 $30,380
 Costs and expenses:
 Cost of revenue 1,953 2,013 7,205 5,644
 Selling and marketing 6,253 5,263 21,196 15,779
 Research and development 1,771 1,163 6,761 4,625
 General and administrative 698 483 2,352 1,606
 Total operating expenses 10,675 8,922 37,514 27,654
 Income from operations 1,638 660 4,554 2,726
 Total other income 83 224 277 438
 Income before provision for
 income taxes and
 extraordinary item 1,721 884 4,831 3,164
 Provision for income taxes 392 555 1,920 1,751
 Income before
 extraordinary item 1,329 329 2,911 1,413
 Extraordinary item-(a) --- 419 --- 1,322
 Net income $1,329 $748 $2,911 $2,735
 Income per common share:
 Income before
 extraordinary item $0.12 $0.03 $0.27 $0.14
 Extraordinary item --- 0.04 --- 0.13
 Net income $0.12 $0.07 $0.27 $0.27
 Weighted average number of
 common and common equivalent
 shares outstanding 11,320 10,373 10,946 10,284
 ---
 NOTE (a)-Extraordinary item reflects the reduction of income taxes due to the utilization of net operating loss carryforwards.
 VIEWLOGIC SYSTEMS, INC. and SUBSIDIARIES
 CONSOLIDATED BALANCE SHEETS
 (In thousands)
 Dec. 31,
 1991 1990
 ASSETS
 Current assets:
 Cash and equivalents $28,652 $7,541
 Accounts receivable, net 13,107 10,323
 Prepaid expenses and other 2,820 1,430
 Total current assets 44,579 19,294
 Property and equipment 8,013 5,662
 Less accumulated depreciation 3,826 2,725
 Property and equipment - net 4,187 2,937
 Other assets 2,643 1,476
 Total assets $51,409 $23,707
 LIABILITIES & STOCKHOLDERS' EQUITY
 Current liabilities:
 Accounts payable $2,552 $1,978
 Accrued expenses and taxes 2,875 3,016
 Deferred maintenance revenue 5,121 3,467
 Total current liabilities 10,548 8,461
 Deferred rent 148 275
 Deferred income taxes 2,055 1,300
 Stockholders' equity:
 Common stock, $.01 par value 120 99
 Additional paid-in capital 38,215 16,464
 Retained earnings (deficit) 366 (2,501)
 Cumulative translation adjustment (43) (252)
 Total 38,658 13,810
 Less notes receivable for common stock
 purchases (139)
 Stockholders' equity 38,658 13,671
 Total liabilities and stockholders'
 equity $51,409 $23,707
 -0- 1/29/92
 /CONTACT: Ronald R. Benanto, chief financial officer of Viewlogic Systems, 508-480-0881; or Maureen T. Wolff of Sharon Merrill Associates, 617-262-1800,


for Viewlogic/
 (VIEW) CO: Viewlogic Systems, Inc. ST: Massachusetts IN: CPR SU: ERN


SH -- NE006 -- 4591 01/29/92 09:21 EST
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