<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SPECTRUM INFORMATION TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> SEP-30-1998 <CASH> 1,085 <SECURITIES> 0 <RECEIVABLES> 619 <ALLOWANCES> 6 <INVENTORY> 0 <CURRENT-ASSETS> 2,005 <PP&E> 683 <DEPRECIATION> 415 <TOTAL-ASSETS> 2,273 <CURRENT-LIABILITIES> 1,183 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 2 <OTHER-SE> 562 <TOTAL-LIABILITY-AND-EQUITY> 2,273 <SALES> 58 <TOTAL-REVENUES> 2,115 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (199) <INCOME-TAX> 0 <INCOME-CONTINUING> (199) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (199) <EPS-PRIMARY> (.13) <EPS-DILUTED> (.13)