St. Louis, Missouri, July 19, 1994 -- Data Research Associates, Inc. (NASDAQ: DRAI) announced today that earnings per share for its third quarter of 1994, which ended June 30, were a third-quarter record of 25 cents, compared with 23 cents in the same period in fiscal 1993. Revenues for the third quarter of fiscal 1994 decreased 2% to $7.0 million, compared to $7.1 million in the same period a year ago.
"We are pleased with the continued upward trend in our services revenue and the return to an upward trend in our software revenue," said Michael J. Mellinger, President and Chief Executive Officer. "In addition, our margins were positively affected by significant new sales by our Australasian subsidiary."
Data Research, headquartered in St. Louis, is a leading systems integrator, providing its own proprietary information services software as well as third-party software and hardware, networking services and other related services to libraries and other information providers.
Summary of Results (in thousands, except per-share data)
|Three Months Ended June 30|
|Services and other||2,635||1,784|
|Type of Material:||Press Release|
|Issue:||July 19, 1994|
|Publisher:||Data Research Associates, Inc.|
|Place of Publication:||St. Louis, MO|
Data Research Associates, Inc.|
|Last Update:||2012-12-29 14:06:47|
|Date Created:||0000-00-00 00:00:00|