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October 18, 1998

COMPANY RESULT: SUNGARD DATA SYSTEMS INC

By CBR Staff Writer

SunGard Data Systems Inc, the Wayne, Pennsylvania-based disaster recovery company, has reported third-quarter net profits up 25.0% at $31.2m on revenues up 26.0% at $292.0m; nine-month net profits rose 33.7% to $80.7m on revenues up 27.9% at $838.9m. Net earnings per share rose 20.8% to $0.29 in the quarter, up 27.1% to $0.75 in the nine months. Third-quarter and nine-month figures include merger and restructuring costs of $3m and $12m respectively.

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