Printer Friendly
The Free Library
19,607,050 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Dendrite Provides Fourth Quarter Outlook.


BEDMINSTER, N.J. -- Dendrite dendrite: see nervous system; synapse.  International, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: DRTE DRTE Defence Research Telecommunications Establishment ) today provided its outlook for the quarter ending December 31, 2005. The Company stated that while some important new sales contracts Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.
 have been closed and its marketing solutions groups expect a strong quarter, several transactions previously expected for the fourth quarter will not close in the period or will close too late in the quarter to generate revenue. Further, Dendrite noted that recent currency movements were also adversely affecting revenue expectations. Consequently, the Company expects revenues for the quarter to be in the range of approximately $106-$108 million.

Dendrite also stated that its expenses, including severance, were expected to be greater than originally anticipated. In addition, the Company said its effective tax rate could increase and negatively impact GAAP GAAP

See: Generally Accepted Accounting Principles


GAAP

See generally accepted accounting principles (GAAP).
 E.P.S by $0.01 and adjusted E.P.S by as much as $0.02 due to possible shifts in relative profitability between high and low tax jurisdictions. These items, coupled with the lowered revenue outlook, result in the Company now expecting GAAP E.P.S in the range of approximately ($0.01) to $0.04 per diluted di·lute  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
 share. Excluding approximately $1.2 million of non-cash expense Noun 1. non-cash expense - an expense (such as depreciation) that is not paid for in cash
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
 pertaining per·tain  
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.

2.
 to acquisition related intangible assets Intangible Asset

An asset that is not physical in nature.

Notes:
Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets.
, adjusted E.P.S is expected to be in the range of approximately $0.00 to $0.06 per diluted share.

The Company stated that while it was disappointed by its outlook for the fourth quarter, it is taking a number of actions to enhance revenue and profit growth within the business. Dendrite simultaneously announced the appointment of its new Executive Vice President and CFO See Chief Financial Officer. , Jeff Bairstow. Along with the recent appointment of Joseph Ripp as President and COO, the Company stated that it feels confident it now has the leadership team and strategy in place to propel pro·pel  
tr.v. pro·pelled, pro·pel·ling, pro·pels
To cause to move forward or onward. See Synonyms at push.



[Middle English propellen, from Latin
 the Company toward its next phase of growth.

Dendrite plans to release its 2005 fourth quarter and full year earnings and provide its 2006 outlook on February 7, 2006.

This outlook is based on current expectations and assumptions and constitutes "forward-looking information." The Company can give no assurance that such expectations and assumptions will prove to be correct. The Company does not intend to update such outlook to reflect actual results or changes in expectations or assumptions during the period other than in connection with regularly scheduled earnings releases.

Additionally, at such time in the future as the Company may provide additional revenue, earnings and other outlook information (including subsequent outlook provided as part of its quarterly sales and earnings releases), prior revenues, earnings or other related outlook should no longer be considered current.

About Dendrite

Founded in 1986, Dendrite International (NASDAQ: DRTE) provides diversified sales, marketing, clinical and compliance solutions to the global life sciences and pharmaceutical industry. With clients in more than 50 countries, including the world's top 20 pharmaceutical companies, Dendrite strives to be the first source for expert promotional and sales effectiveness solutions. For more information, please visit www.dendrite.com.

Note: Dendrite is a registered trademark of Dendrite International, Inc.

This document contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that may be identified by such forward-looking terminology as "expect," "believe," "anticipate," "will," "intend," "plan," "target," "outlook," "guidance," and similar statements or variations. Such forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve significant risks and uncertainties, including risks which may result from our dependence on the pharmaceutical industry; fluctuations in quarterly revenues due to lengthy sales and implementation cycles for our products and due to the variability in decisions making time periods and budget limitations of our pharmaceutical customers; our fixed expenses in relation to fluctuating fluc·tu·ate  
v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates

v.intr.
1. To vary irregularly. See Synonyms at swing.

2. To rise and fall in or as if in waves; undulate.

v.
 revenues and variations in customers' budget cycles; dependence on certain major customers; changes in demand for our products and services attributable to any weakness experienced in the economy or mergers, acquisitions and consolidations in the pharmaceutical industry; successful and timely development and introduction of new products and versions; rapid technological changes; risks associated with foreign currency fluctuations as they affect our non-U.S. operations; increased competition; risks associated with our expanded international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee.  and our ability to adopt and respond successfully to the unique risks involved in our non-U.S. operations; risks associated with acquisitions; our ability to effectively manage our growth; the protection of our proprietary technology; our ability to compete in the Internet-related products and services market; the continued demand for Internet-related products and services; the ability of our third party vendors to respond to technological change; our ability to maintain our relationships with third-party vendors; less favorable fa·vor·a·ble  
adj.
1. Advantageous; helpful: favorable winds.

2. Encouraging; propitious: a favorable diagnosis.

3.
 than anticipated results from strategic relationships or acquisitions; dependence of data solutions on strategic relationships; events which may affect the U.S. and world economies; and catastrophic events which could negatively affect our information technology infrastructure. Other important factors that should be reviewed and carefully considered are included in the Company's 10-K, 10-Qs, and other reports filed with the SEC. Actual results may differ materially. The Company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in expectations or assumptions or other changes affecting such forward-looking statements, even if such results or changes make it clear that any such projected results will not be achieved. Our outlook and other forward-looking information are as of the date of this release only. At any such time in the future as the Company may provide revenue, earnings and other outlook information, prior related outlook should no longer be considered current. All outlook and other forward-looking statements are as of the date of this release only.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Dec 8, 2005
Words:920
Previous Article:IDT Reports Results for First Quarter Fiscal 2006.
Next Article:Fresh Del Monte Produce Revises 2005 Earnings Estimates; 2005 Change Reflects Weak Thanksgiving Holiday Sales in North America, and Reduced Banana...
Topics:



Related Articles
Dendrite reports 1996 results and announces share repurchase plan.
Dendrite Reports Strong Fourth Quarter Results And Dramatic Full-Year EPS Growth.
Dendrite Reports Solid Second Quarter Results With Adjusted EPS of $0.17 per Diluted Share; GAAP EPS Was up 26% to $0.14 per Diluted Share; Dendrite...
Dendrite Reports Another Strong Quarter of Revenue and Earnings Growth; GAAP EPS Improves 17% to $0.14; Adjusted EPS of $0.20 at 3 Year High - Up 60%...
Dendrite Reports First Quarter Results.
Dendrite's Flagship Sales Force Effectiveness Solution Available on Microsoft SQL Server.
Dendrite to Provide Outlook on December 14, 2006.
Dendrite Provides Outlook for Fourth Quarter 2006 & Full Year 2007.
Dendrite Announces Fourth Quarter 2006 Earnings Conference Call.
Dendrite Reports Preliminary Fourth Quarter and Full Year Revenues and Operating Earnings.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles