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Data Research announces third quarter results

Press Release: Data Research Associates, Inc. [July 19, 1994]

Copyright (c) 1994 Data Research Associates, Inc.


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.

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

<
Three Months Ended June 30
(unaudited)
1994 1993
Revenues:
   Hardware $2,312 $3,406
   Software 2,089 1,959
   Services and other 2,635 1,784
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Publication Year:1994
Type of Material:Press Release
Language English
Issue:July 19, 1994
Publisher:Data Research Associates, Inc.
Place of Publication:St. Louis, MO
Company: Data Research Associates, Inc.
Products: DRA
Online access:http://www.dra.com/news/1994/19940719.html
Record Number:6831
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00