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May 19, 1997updated 05 Sep 2016 1:07pm

STERLING SOFTWARE PROFITS UP 20%, BUSINESS REMAINS STATIC

By CBR Staff Writer

Sterling Software Inc, the Dallas applications and systems management company that recently purchased Texas Instruments Inc’s software business for $165m (CI No 3,145), reported second- quarter results in line with expectations. Net profit from continuing operations rose 20% to $15.3m on revenue that was little changed $106.7m. Earnings per share rose 3% to $0.40, matching the First Call consensus. Figures do not include a gain of $127.2m in the year-ago quarter from the initial public offering of Sterling Commerce Inc, which was spun off in September of last year.

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