<ARTICLE> 5 <CIK> 0001051285 <NAME> PRECEPT BUSINESS SERVICES, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 510,476 <SECURITIES> 0 <RECEIVABLES> 22,752,049<F1> <ALLOWANCES> 1,395,000 <INVENTORY> 5,597,938 <CURRENT-ASSETS> 32,609,371 <PP&E> 7,530,651 <DEPRECIATION> 933,174 <TOTAL-ASSETS> 80,877,234 <CURRENT-LIABILITIES> 26,330,035 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 86,217 <OTHER-SE> 24,784,102<F2> <TOTAL-LIABILITY-AND-EQUITY> 80,877,234 <SALES> 42,211,491 <TOTAL-REVENUES> 42,211,491 <CGS> 27,482,917 <TOTAL-COSTS> 54,714,252 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 664,900 <INCOME-PRETAX> (13,167,661) <INCOME-TAX> (2,768,278) <INCOME-CONTINUING> (10,399,383) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (10,399,383) <EPS-PRIMARY> (1.22) <EPS-DILUTED> (1.20) <FN> <F1>AMOUNT REPRESENTS NET ACCOUNTS RECEIVABLE. <F2>AMOUNT INCLUDES ADDITIONAL PAID-IN CAPITAL, RETAINED EARNINGS, AND TREASURY STOCK. </FN>