Data Research Associates, which is a publicly traded corporation and required to file quarterly reports, has announced that revenues for the third quarter of its fiscal year ending June 30, 1997, were $8.7 million, down from $8.9 million for the same quarter a year ago. Per share earnings also dropped slightly from $.21 to $.19. For the first nine months revenue was down from $27.8 million to $25.7 million, but earnings rose from $.50 to $.5l per share
DRA's cash position continues unusually strong: approximately $17.1 million. The Board has voted to spend up to $4 million from existing cash over the next twelve months to repurchase common stock.
[Contact: DRA, telephone 800-325-0888; URL http://www.dra.com].
