<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR 6-MOS <FISCAL-YEAR-END> JUN-30-1997 DEC-31-1997 <PERIOD-START> JUL-01-1996 JUL-01-1997 <PERIOD-END> JUN-30-1997 DEC-31-1997 <CASH> 8,268 7,756 <SECURITIES> 0 0 <RECEIVABLES> 55,145 76,196 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 63,413 83,952 <PP&E> 936 1,300 <DEPRECIATION> 327 510 <TOTAL-ASSETS> 65,713 87,339 <CURRENT-LIABILITIES> 56,509 76,387 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 1,575 0 <COMMON> 7 6 <OTHER-SE> 0 0 <TOTAL-LIABILITY-AND-EQUITY> 65,713 87,339 <SALES> 32,760 19,760 <TOTAL-REVENUES> 32,760 19,977 <CGS> 20,288 14,054 <TOTAL-COSTS> 20,288 14,054 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 3,693 2,471 <INCOME-PRETAX> 12,472 5,923 <INCOME-TAX> 4,930 2,392 <INCOME-CONTINUING> 7,542 3,531 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 7,542 3,531 <EPS-PRIMARY> 1.80 .86 <EPS-DILUTED> 1.80 .86