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Data Research announces second quarter results

Press Release: Data Research Associates, Inc. [April 19, 1994]

Copyright (c) 1994 Data Research Associates, Inc.

St. Louis, Missouri, April 19, 1994 -- Data Research Associates, Inc. (NASDAQ:DRAI) announced today that earnings per share for its second quarter of 1994, which ended March 31, were 10 cents, compared with 16 cents in the same period in fiscal 1993. Revenues for the second quarter of fiscal 1994 increased 1% to $5.54 million, compared to $5.48 million in the same period a year ago.

"These second quarter results represent no fundamental change in Data Research's fiscal 1994 business prospects. Our bid activity is high and we maintain a good volume of contracts in negotiation," said Michael J. Mellinger, President and Chief Executive Officer. "In addition, we are enthusiastic about the expansion in overseas sales reflected in this quarter, as well as a new system sale recorded by our newly acquired INLEX division."

Data Research, headquartered in St. Louis, is a leading systems integrator, providing its own proprietary information services software as well as third-party software and hardware, networking services and other related services to libraries and other information providers.

Data Research Associates, Inc. (NASDAQ: DRAI)
Summary of Results (in thousands, except per-share data)

Three Months Ended March 31
1994 1993
   Hardware $1,804 $2,277
   Software 1,338 1,522
   Services and other 2,398 1,681
Total revenues $5,540 $5,480
Net income $385 $591
Earnings per share
(basic and diluted)
$.10 $.16
Weighted average number
of common shares
3,661 3,661
View Citation
Publication Year:1994
Type of Material:Press Release
Language English
Issue:April 19, 1994
Publisher:Data Research Associates, Inc.
Place of Publication:St. Louis, MO
Company: Data Research Associates, Inc.
Products: DRA
Online access:
Record Number:6830
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00