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Data Research announces second-quarter earnings, revenues

Press Release: Data Research Associates, Inc. [April 18, 1996]

Copyright (c) 1996 Data Research Associates, Inc.


St. Louis, Missouri, April 18, 1996 -- Data Research Associates, Inc. (NASDAQ: DRAI) announced today that earnings for its second quarter of fiscal 1996, which ended March 31, were a second-quarter record $1.1 million, or 31 cents per share. The earnings represent a 22 percent increase when compared with $934,000, or 25 cents per share, for the same quarter in fiscal 1995.

Revenues for the second quarter of fiscal 1996 increased 36 percent to a second-quarter record $12.2 million, compared with $9.0 million in the second quarter of fiscal 1995.

Earnings for the first six months of fiscal 1996 were $1.6 million, or 43 cents per share, compared with $1.1 million, or 30 cents per share, for the same period in fiscal 1995. Revenues for the first six months were $18.9 million, compared with $15.9 million for the first six months of fiscal 1995.

"Our earnings increase this quarter was caused by strong hardware sales, especially at two large new customer sites, and to a lesser extent by increases in our service revenues," said Mike Mellinger, President and CEO. "In addition, our shareholders have benefited from our ability to keep our operating expenses virtually flat for the first half of the year, even as we have accelerated our software and network development activities."

DRA, headquartered in St. Louis, is a leading systems integrator for libraries and other information providers, offering its own proprietary information services software; third-party software and hardware; Internet, World Wide Web and other networking services; and other related support services. DRA's World Wide Web page is located at http://www.dra.com.

Data Research Associates, Inc. (NASDAQ: DRAI)
Summary of Results (in thousands, except per-share data)

<
Three Months Ended March 31
(unaudited)
1996 1995
Revenues:
   Hardware $5,819 $2,486
   Software 2,216 2,713
   Services and other 4,139 3,754
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View Citation
Publication Year:1996
Type of Material:Press Release
Language English
Issue:April 18, 1996
Publisher:Data Research Associates, Inc.
Place of Publication:St. Louis, MO
Company: Data Research Associates, Inc.
Products: DRA
Subject: School library automation
Online access:http://www.dra.com/news/1996/960418.html
Record Number:6257
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00