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VOLT INFORMATION SCIENCES, INC. ANNOUNCES FIRST QUARTER 1993 RESULTS OF OPERATIONS

 NEW YORK, March 10 /PRNewswire/ -- William Shaw, president of Volt Information Sciences, Inc. (NASDAQ: VOLT), announced today that the net loss for the first quarter ended Jan. 29, 1993 was $1,784,000 or $.37 per share on revenues of $124,573,000 as compared to a net loss of $3,886,000 or $.81 per share on revenues of $113,234,000 for the first quarter ended Jan. 31, 1992.
 The net loss for the current quarter was reduced by an adjustment for the cumulative effect of a change in accounting for income taxes of $959,000 or $.20 per share.
 Mr. Shaw stated that the first quarter, traditionally a loss quarter for the company, was not only significantly better than 1992, but was noteworthy because of a series of important contracts which the company obtained, none of which resulted in income for the quarter, but all of which are expected to have a positive effect on future earnings.
 Mr. Shaw noted that the Computer Systems segment was awarded three contracts, two of which necessitated the opening of new branch facilities, and that the Telephone Directory segment signed a contract to deliver a directory production system to a foreign telephone company and obtained a four-year contract for the printing of classified telephone directories for the same foreign telephone company.
 Volt Information Sciences, Inc., is a diversified technical services, human resources, computer systems and electronics manufacturing company.
 VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
 Summary of Results of Operations
 (Dollars in thousands except per share data)
 First quarter ended 1/29/93 1/31/92
 Revenues $124,573 $133,234
 Loss before income tax benefit and cumulative
 effect of a change in accounting (A) (4,090) (5,497)
 Income tax benefit 1,347 1,611
 Loss before cumulative effect of a change in
 accounting (2,743) (3,886)
 Cumulative effect of a change in accounting
 for income taxes (B) 959 --
 Net loss $ (1,784) $ (3,886)
 Per share data:
 Loss before cumulative effect of a change
 in accounting $(.57) $(.81)
 Cumulative effect of a change in accounting
 for income taxes .20 --
 Net loss $(.37) $(.81)
 Number of shares used in computation 4,790,381 4,790,381
 VOLT INFORMATION SCIENCES, INC. AND SUBSIDIARIES
 Summary of Results of Operations
 (Dollars in thousands)
 First quarter ended 1/29/93 1/31/92
 Revenues:
 Technical Services & Temporary Personnel $ 76,862 $ 71,563
 Electronic Publication & Typesetting Systems 12,294 10,995
 Telephone Directory 16,734 12,581
 Engineering & Construction 11,661 8,552
 Computer Systems 7,415 8,992
 Equity in income of joint ventures 495 348
 Interest and other income, net 747 672
 Elimination of intersegment revenues (1,635) (469)
 Total $124,573 $113,234
 Loss before income tax benefit and cumulative
 effect of a change in accounting:
 Operating profit (loss):
 Technical Services & Temporary Personnel (A) $ 768 $ 286
 Electronic Publication & Typesetting Systems 291 (1,150)
 Telephone Directory (909) (34)
 Engineering & Construction (35) (793)
 Computer Systems (155) 459
 Elimination (302) (89)
 Total operating loss (342) (1,321)
 Equity in income of joint ventures 495 348
 Interest and other income, net 747 672
 General corporate expenses (2,125) (2,355)
 Interest expense (2,808) (2,940)
 Foreign exchange gain (loss) - net (57) 99
 Loss before income tax benefit and cumulative
 effect of a change in accounting $ (4,090) $ (5,497)
 (A) -- The results of the first quarter of fiscal 1992 included a reversal of a portion of prior years' state business taxes which favorably impacted the operating profit of the Technical Services and Temporary Personnel segment by $1,070,000 ($.15 per share).
 (B) -- The company has adopted the Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes," in the first quarter of fiscal 1993 and has not restated prior years' financial statements.
 -0- 3/10/93
 /CONTACT: James J. Groberg of Volt Information Sciences, 212-704-2480/
 (VOLT)


CO: Volt Information Sciences, Inc. ST: New York IN: CPR SU: ERN

GK-LG -- NY056 -- 4743 03/10/93 14:13 EST
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Date:Mar 10, 1993
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