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DRA financial results

Library Systems Newsletter [February 1990]

Data Research Associates (DRA) has released its audited financial statements for its 1989 fiscal year, which ended September 30. The statements showed a 52 percent increase in revenues over FY 1987, from $11.2 million to $17.0 million, as well as an 83 percent increase in net income, from $565,000 to $1,033,000. At the same time, long-term debt was reduced and short-term debt was eliminated entirely. The dramatic increase in profits came during a year when DRA increasingly sold software only, rather than complete "turnkey" systems. This pattern is consistent with that experienced by VARs (value added retailers) in a number of other markets: margins on hardware have gotten so small--12 percent on Digital hardware is the average--that a company can increase profits by shifting the emphasis in selling away from hardware to software.

[Contact: Data Research Associates, 1276 North Warson Road, P.0. Box 8495, St. Louis, MO 63132-1806; (800) 325-0888.]

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Publication Year:1990
Type of Material:Article
Language English
Published in: Library Systems Newsletter
Publication Info:Volume 10 Number 02
Issue:February 1990
Page(s):15
Publisher:American Library Association
Place of Publication:Chicago, IL
Notes:Howard S. White, Editor-in-Chief; Richard W. Boss and Judy McQueen Contributing Editors
Company: Data Research Associates, Inc.
ISSN:0277-0288
Record Number:4716
Last Update:2022-08-06 23:21:27
Date Created:0000-00-00 00:00:00
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