Note 12. Quarterly Financial Results(Unaudited)

Summarized quarterly results of operations for the three years ended June 30, 1997 are as follows:

(In thousands, except per share amounts)

Year ended June 30, 1997	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenue	$910,730	$995,575	$1,126,284	$1,079,597
Net earnings	$93,280	$127,580	$164,930	$127,710(a)
Earnings per share	$.32	$.44	$.56	$.44(a)

(a) After impact of non-recurring items (see Note 3).

Year ended June 30, 1996	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenue	$747,094	$819,723	$1,031,864	$967,916
Net earnings	$81,900	$108,900	$143,900	$120,000
Earnings per share	$.28	$.38	$.49	$.42

Year ended June 30, 1995	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenue	$622,286	$672,597	$798,989	$799,870
Net earnings	$68,700	$94,920	$125,270	$105,940
Earnings per share	$.24	$.33	$.44	$.37

Third quarter revenue and earnings have historically been positively impacted by calendar year-end processing associated with many of the Company's services.