DRA ended the third quarter of its fiscal year on June 30, 1998. It reported that revenues for the quarter were $8.3 million, down from $8.7 million for the third quarter of the previous fiscal year. Earnings were $973,000, down slightly from $1 million for the third quarter of the previous fiscal year.
Software revenues were up 26 percent, but hardware revenues fell 43 percent, as an increasing number of customers purchased hardware separately.
The company announced that UCLA staff underwent training for Taos, DRA's next-generation product, in June. The new system is scheduled to go live by late September. Other sites are expected to go, live over several subsequent months.
[Contact: DRA, 1276 North Warson Road, St. Louis, MO 63132, telephone 800-325-0888, fax 314-993-8927, URL: www.dra.com].