Dendrite Provides Third Quarter Earnings Update.Business Editors MORRISTOWN, NJ--(BUSINESS WIRE)--Sept. 20, 2001 Dendrite dendrite: see nervous system; synapse. (NASDAQ/NMS: DRTE DRTE Defence Research Telecommunications Establishment ) today confirmed that it expects third quarter earnings to meet or exceed previous guidance of $.08 per share, including all investment in CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. but excluding restructuring and non-recurring charges. The company indicated that its proposal activity appeared to be accelerating and that both prospects and existing customers were beginning to make decisions. "We are pleased that our pace of business appears to be picking up and that our cost-containment actions will give us solid profitability for the quarter," commented John Bailye, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dendrite. "Looking ahead, fourth-quarter visibility is good and we are maintaining our previous guidance." The company indicated that it remained cautious on 2002, given the current global economic weakness and the uncertainty resulting from the terrorist attacks on Washington, DC and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Consequently, it plans to continue to tightly control costs until solid revenue growth materializes. "In the past, we have demonstrated that we can staff quickly to meet unanticipated demand, and we will position ourselves to be able to do it again," Bailye added; "however, we will not let our resource levels get ahead of revenue as we did in the first half of 2001." The company indicated that it would release earnings and host a conference call after the market closes on Tuesday, October 23. About Dendrite Dendrite, the visionary innovator in global pharmaceutical technology, helps clients strategically manage their customer relationships to increase market share. The company creates unique, analytically driven solutions that enable pharmaceutical companies to influence prescriber behavior, thereby delivering a sustained competitive advantage. More than 80,000 pharmaceutical sales representatives pharmaceutical sales representative Detailer, Drug rep Drug industry A drug company employee who regularly visits physicians and office practices, providing information on the company's products–usually putting a negative 'spin' on competitors' products. See Detailing. and their managers from over 150 companies and 57 countries use Dendrite products and services. They represent 19 of the top 20 pharmaceutical companies. For more information, visit www.dendrite.com. Note: Dendrite is a registered trademark of Dendrite International, Inc. The foregoing 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. within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements may be identified by such forward-looking terminology as "expect," "believe," "may," "will," "intend," "plan," and similar statements or variations. Such forward-looking statements are based on our current estimates and assumptions and involve certain significant risks and uncertainties, including: risks associated with and dependence on the pharmaceutical industry; fluctuations in quarterly revenues due to lengthy selling cycles, product implementation cycles, customer budget cycles, and timing of revenue recognition; dependence on major customers; successful and timely development and introduction of new products and versions; rapid technological changes; increased competition; retention of key senior managers; and unique characteristics of the consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one industry. Other important factors that should be 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. |
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