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DRA announces FY '97 results

Library Systems Newsletter [December 1997]

Data Research Associates, Inc. (DRA) has announced that earnings for its f iscal year, ended September 30, 1997, were a record $4.49 million, compared with $4.45 million earned in fiscal 1996. Revenues for fiscal 1997 were $35.4 million, a decrease of 8 percent compared with $38.6 million for fiscal 1996. For the fourth quarter, revenues were $9.7 million, a decrease of 10 percent compared with $10.8 million in the same period last year.

As DRA moved into the latter stages of development on its new library automation system, Taos, during the past fiscal year, revenues from new software sales fell. DRA's ability to keep pace with its earnings of last year, despite the slow-down in new-system sales, is indicative of its underlying base of business from its existing customers.

At fiscal year-end, DRA had three signed contracts for Taos systems awaiting completion and delivery of the product.

[Contact: Data Research Associates, Inc., 1276 North Warson Road, P.O. Box 8495, St. Louis, MO 63121-1806; 314-432-1100 or or 800-325-0888; FAX 314-993-8927;].

View Citation
Publication Year:1997
Type of Material:Article
Language English
Published in: Library Systems Newsletter
Publication Info:Volume 17 Number 12
Issue:December 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:5673
Last Update:2022-06-14 08:22:35
Date Created:0000-00-00 00:00:00