<PAGE>
                                   FORM 10-Q
                                       
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


            (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
               For the quarterly period ended September 30, 1997
                                       
                                      or
                                       
            ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934


                         Commission file number 0-4090

                      ANALYSTS INTERNATIONAL CORPORATION

                         Minnesota        41-0905408
                                       
                             7615 Metro Boulevard
                            Minneapolis, MN  55439
                                 (612) 835-5900




Indicate by check mark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months and (2) has been subject to such filing 
requirements for the past 90 days.
                               Yes  X   No
                                   ---     ---

As of October 30, 1997, 14,899,252 shares of the Registrant's Common Stock 
were outstanding.

<PAGE>

                      ANALYSTS INTERNATIONAL CORPORATION

                                     INDEX

                                                                           Page
                                                                         Number
                                                                        -------
PART I.  FINANCIAL INFORMATION:

  Item 1.   Condensed Consolidated Balance Sheets
              September 30, 1997 (Unaudited) and June 30, 1997              1

            Condensed Consolidated Statements of Income
              Three months ended September 30, 1997 and 1996 (Unaudited)    2

            Condensed Consolidated Statements of Cash Flows
              Three months ended September 30, 1997 and 1996 (Unaudited)    3

            Notes to Condensed Consolidated Financial
              Statements (Unaudited)                                        4

  Item 2.   Management's Discussion and Analysis of Financial
              Condition and Results of Operations                         5-6


<PAGE>
                      ANALYSTS INTERNATIONAL CORPORATION

                     CONDENSED CONSOLIDATED BALANCE SHEETS

                                    ASSETS

                                                    September 30,       June 30,
(In thousands)                                          1997              1997
                                                    -------------       --------
                                                     (Unaudited)
Current assets:
  Cash and cash equivalents                             $ 21,031        $17,888
  Accounts receivable, less allowance
    for doubtful accounts                                 71,773         66,954
  Other current assets                                     3,487          2,989
                                                       ---------      ---------

  Total current assets                                    96,291         87,831

Property and equipment, net                                6,467          6,121
Other assets                                              11,547         11,418
                                                       ---------      ---------
                                                        $114,305       $105,370
                                                       ---------      ---------
                                                       ---------      ---------

                        LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
  Accounts payable                                     $  18,075        $18,131
  Dividend payable                                         1,639          1,336
  Salaries and vacations                                  12,087         11,513
  Other, primarily self-insured health care reserves       1,942          1,647
  Income taxes payable                                     3,615            195
                                                       ---------      ---------
    Total current liabilities                             37,358         32,822

Long-term liabilities                                      6,564          6,444

Shareholders' equity                                      70,383         66,104
                                                       ---------      ---------
                                                        $114,305       $105,370
                                                       ---------      ---------
                                                       ---------      ---------

Note: The balance sheet at June 30, 1997 has been taken from the audited
         financial statements at that date, and condensed.

           See notes to condensed consolidated financial statements.

                                      1
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                      ANALYSTS INTERNATIONAL CORPORATION

                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                  (Unaudited)

<TABLE>
<CAPTION>
(Dollars in thousands                                          Three Months Ended
except per share amounts)                                          September 30
                                                             -------------------------
                                                                1997           1996
                                                             ----------     ----------
<S>                                                          <C>            <C>
Professional services revenues:
  Provided directly                                            $104,671        $77,801
  Provided through sub-suppliers                                 30,487         20,221
                                                             ----------     ----------
    Total revenues                                              135,158         98,022

Expenses:
  Salaries, contracted services and direct charges              104,571         75,653
  Selling, administrative and other operating costs              21,951         16,120
                                                             ----------     ----------

    Total expenses                                              126,522         91,773
                                                             ----------     ----------

Operating income                                                  8,636          6,249

Other income                                                        331            254
                                                             ----------     ----------

Income before income taxes                                        8,967          6,503

Income taxes                                                      3,587          2,635
                                                             ----------     ----------

Net income                                                     $  5,380       $  3,868
                                                             ----------     ----------
                                                             ----------     ----------

PER COMMON SHARE:

    Net income                                               $      .35     $      .26
                                                             ----------     ----------
                                                             ----------     ----------

    Dividends paid                                           $      .09     $     .075
                                                             ----------     ----------
                                                             ----------     ----------

Average common and common equivalent shares outstanding      15,172,000     14,897,000
                                                             ----------     ----------
                                                             ----------     ----------
</TABLE>
           See notes to condensed consolidated financial statements.

                                      2
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                      ANALYSTS INTERNATIONAL CORPORATION

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                 Three Months Ended
(In thousands)                                                       September 30
                                                             -------------------------
                                                                1997           1996
                                                             ----------     ----------
<S>                                                          <C>            <C>
Net cash provided by operating activities                      $  5,111       $  2,807


Cash flows from investing activities:
  Property and equipment additions                               (1,050)          (580)
  Increase in annuities and cash surrender values                  (120)           (90)
  Payments for acquisitions                                          --         (5,153)
                                                             ----------     ----------
    Net cash used in investing activities                        (1,170)        (5,823)


Cash flows from financing activities:
  Cash dividends                                                 (1,337)        (1,099)
  Proceeds from exercise of stock options                           539             15
                                                             ----------     ----------
    Net cash used in financing activities                          (798)        (1,084)

                                                             ----------     ----------
Net change in cash and equivalents                                3,143        (4,100)

Cash and equivalents at beginning of period                      17,888         17,018
                                                             ----------     ----------

Cash and equivalents at end of period                           $21,031        $12,918
                                                             ----------     ----------
                                                             ----------     ----------

</TABLE>
           See notes to condensed consolidated financial statements.

                                      3
<PAGE>
                      ANALYSTS INTERNATIONAL CORPORATION

             Notes to Condensed Consolidated Financial Statements
                                  (Unaudited)

1.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    Condensed Consolidated Financial Statements - The condensed consolidated
    balance sheet as of September 30, 1997, the condensed consolidated
    statements of income for the three month periods ended September 30, 1997
    and 1996 and the condensed consolidated statements of cash flows for the
    three month periods then ended have been prepared by the Company, without
    audit.  In the opinion of management, all adjustments (which include only
    normal recurring adjustments) necessary to present fairly the financial
    position, results of operations and the cash flows at September 30, 1997
    and for the periods then ended have been made.

    Certain information and footnote disclosures normally included in financial
    statements prepared in accordance with generally accepted accounting
    principles have been condensed or omitted.  It is suggested these condensed
    consolidated financial statements be read in conjunction with the financial
    statements and notes thereto included in the Company's June 30, 1997 annual
    report to shareholders.

2.  SHAREHOLDERS' EQUITY

                                                  Three Months Ended
                                                  September 30, 1997
                                                  ------------------
                                                    (In thousands)
  
    Balance at beginning of period                        $ 66,104
    Cash dividends declared:
      August 21, 1997 at $.11 per share                     (1,640)
      Proceeds upon exercise of stock options                  521
    Stock-based compensation                                    18
    Net income                                               5,380
                                                             -----
    Balance at end of period                              $ 70,383
                                                            ------
                                                            ------

3.  NET INCOME PER COMMON SHARE

    In February 1997, the Financial Accounting Standards Board issued
    Statement of Financial Accounting Standards (SFAS) No. 128, "Earnings per
    Share".  This statement specifies the computation, presentation, and
    disclosure requirements for earnings per share (EPS).  This Statement is
    effective for financial statements issued for periods ending after December
    15, 1997, including interim periods.  This statement replaces the
    presentation of primary EPS with a presentation of basic EPS.  Basic EPS
    excludes dilution and is computed by dividing income available to common
    stockholders by the weighted-average number of common shares outstanding
    for the period.  If the Company had applied SFAS No. 128 to the computation
    of earnings per share in the three months ended September 30, 1997, the
    basic and diluted amounts would have been $.36 and $.35, respectively.

                                      4
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Item 2.
                                       
                     MANAGEMENT'S DISCUSSION AND ANALYSIS
               OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                Three Months Ended September 30, 1997 and 1996
                                       
CHANGES IN FINANCIAL CONDITION

Working capital at September 30, 1997 was $58.9 million, up 7% from the $55.0 
million at June 30, 1997.  This includes cash and cash equivalents of $21.0 
million compared to $17.9 million at June 30, 1997 and accounts receivable of 
$71.8 million compared to $67.0 million at June 30, 1997.  Ratios of current 
assets to current liabilities and total assets to total liabilities were 
essentially the same at the end of both periods.

The Company's primary need for working capital is to support accounts 
receivable resulting from the growth in its business and to fund the time lag 
between payroll disbursement and receipt of fees billed to clients.  Over the 
past years, the Company has been able to support the growth in its business 
with internally generated funds.  The Company's outsourcing contracts are not 
expected to burden working capital.

On August 21, 1997 the Board of Directors increased the regular quarterly 
dividend to $.11 per share payable November 14, 1997 to shareholders of 
record as of October 31, 1997.  The previous dividend rate was $.09 per share.

On October 17, 1997 the Board of Directors declared a three-for-two stock 
split to be effected in the form of a 50 percent stock dividend to be 
distributed December 3, 1997 to shareholders of record on November 19, 1997.

The Company believes funds generated from its business and current cash 
balances are adequate to meet demands placed upon its resources by its 
operations and the payment of quarterly dividends.

                                      5
<PAGE>

RESULTS OF OPERATIONS

Revenues provided directly for the three months ended September 30, 1997 were 
$104.7 million, an increase of 34.5% over the same period a year ago. 
Approximately 60% of this increase is the result of an increase in billed 
hours and 40% from increases in hourly rates.  Revenues provided through 
sub-suppliers for the three months ended September 30, 1997 were $30.5 
million, an increase of 50.8% over the same period a year ago.  This increase 
resulted almost exclusively from an increase in billable hours of service 
rendered to clients.  Prevailing competitive conditions in the industry have 
made it difficult for the Company to increase the hourly rates it charges for 
services, and there can be no assurance that the Company will be able to 
increase its hourly rates.

Personnel totalled 4,900 at September 30, 1997, compared to 4,050 at 
September 30, 1996, an increase of 21.0%.  Substantially all of the increase 
consists of billable technical staff.

Salaries, contracted services and direct charges, which represent primarily 
the Company's direct labor cost, were 77.4% of revenues for the three months 
ended September 30, 1997 compared to 77.2% for the same period a year ago.  
By comparison, these costs were 77.9% of revenues for the fourth quarter of 
fiscal 1997 and 77.4% of revenues for the fourth quarter of fiscal 1996. This 
category of expense also includes the fees for the contracted services of 
sub-suppliers who are necessary to support the Company with its major 
outsourcing contracts and these fees typically are higher per hour than the 
labor costs for its own employees.  The Company's efforts to control these 
costs involve controlling labor costs, passing on labor cost increases 
through increased billing rates where possible, and maintaining productivity 
levels of its billable technical staff.  Labor costs, however, are difficult 
to control because the highly skilled technical personnel the Company seeks 
to hire and retain are in great demand and intense competition in the 
industry makes it difficult to pass cost increases on to customers, while 
unfavorable economic conditions could adversely affect productivity.  
Although the Company has taken steps to control this category of expense, 
there can be no assurance the Company will be able to maintain or improve 
this level.

Selling, administrative and other operating costs, which include commissions, 
employee fringe benefits and location costs, represented 16.2% of revenues 
for the three months ended September 30, 1997 compared to 16.4% for the same 
period a year ago.  While the Company has been successful in controlling 
selling, administrative and other operating costs and is committed to careful 
cost management, there can be no assurance the Company will be able to 
maintain these costs at their current relationship to revenues.

Net income for the three months ended September 30, 1997 increased 39.1% over 
the same period a year ago.  As a percentage of revenue, net income has also 
increased from 3.9% for the three months ended September 30, 1996 to 4.0% for 
the three months ended September 30, 1997.  The Company's net income as a 
percentage of revenues provided directly was 5.1% and 5.0% for the three 
months ended September 30, 1997 and 1996, respectively.

                                      6
<PAGE>
PART II.  OTHER INFORMATION

    Item 6. EXHIBITS AND REPORTS ON FORM 8-K

    (a)     Exhibit 11 - Computation of Net Income Per Share

            Exhibit 27 - Financial Data Schedule

    (b)     There were no reports on Form 8-K filed for the three months ended 
            September 30, 1997.

                                      7
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                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned there unto duly authorized.

                                        ANALYSTS INTERNATIONAL CORPORATION
                                        ----------------------------------
                                                    (Registrant)

Date  November 12, 1997                 By /s/ Gerald M. McGrath
      -----------------                    --------------------------
                                           Gerald M. McGrath
                                           Treasurer and Chief Financial Officer

Date  November 12, 1997                 By /s/ Marti R. Charpentier
      -----------------                    --------------------------
                                           Marti R. Charpentier
                                           Controller and Assistant
                                           Treasurer (Chief Accounting Officer)

                                      8
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                                 EXHIBIT INDEX


Exhibit Number                   Exhibit                 Page No.*
--------------                   -------                 ---------
   11              Computation of Net Income Per Share      13

   27              Financial Data Schedule                  15

* Page numbers in the sequential numbering system of the manually signed
  original report.