<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ACCOMPANYING CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> APR-30-1997 <PERIOD-START> MAY-01-1996 <PERIOD-END> APR-30-1997 <CASH> 18,825,764 <SECURITIES> 6,039,255 <RECEIVABLES> 5,844,987 <ALLOWANCES> 909,501 <INVENTORY> 18,880 <CURRENT-ASSETS> 31,976,716 <PP&E> 2,692,778 <DEPRECIATION> 1,675,749 <TOTAL-ASSETS> 37,089,960 <CURRENT-LIABILITIES> 8,580,737 <BONDS> 24,611 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 72,974 <OTHER-SE> 28,095,278 <TOTAL-LIABILITY-AND-EQUITY> 37,089,960 <SALES> 10,254,344 <TOTAL-REVENUES> 18,308,612 <CGS> 1,098,434 <TOTAL-COSTS> 6,966,351 <OTHER-EXPENSES> 19,923,347 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 403,989 <INCOME-PRETAX> (8,581,086) <INCOME-TAX> (322,824) <INCOME-CONTINUING> (7,854,273) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,854,273) <EPS-PRIMARY> (1.26) <EPS-DILUTED> (1.26)