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DRA reports third quarter financial results

Library Systems Newsletter [August 1997]

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].

View Citation
Publication Year:1997
Type of Material:Article
Language English
Published in: Library Systems Newsletter
Publication Info:Volume 17 Number 08
Issue:August 1997
Publisher:American Library Association
Place of Publication:Chicago, IL
Notes:Howard S. White, Editor-in-Chief; Richard W. Boss, Contributing Editor
Company: Data Research Associates, Inc.
Products: DRA
Record Number:5589
Last Update:2022-09-14 15:13:03
Date Created:0000-00-00 00:00:00