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; http://www.dra.com].
