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TriZetto Comments on Financial Guidance; Hosts Investor Conference Call
NEWPORT BEACH, Calif. – January 8, 2002 – The TriZetto(R) Group, Inc. (Nasdaq: TZIX) confirmed today that it expects to report fourth quarter 2001 pro forma earnings per share of $.13 - $.16, unchanged from previous guidance. (Pro forma numbers exclude amortization of acquisition-related intangibles and deferred stock compensation, write-off of in-process research and development costs, one-time charges and related taxes.) The company anticipates taking a one-time restructuring charge of approximately $10 - $12 million in the fourth quarter, which is not included in the pro forma earnings per share guidance for the quarter. TriZetto plans to announce actual fourth quarter and year 2001 results on February 5, 2002.
In 2002, TriZetto expects pro forma earnings to range from $.26 - $.37 per share, an increase over previously issued guidance of $.24 - $.34 per share. Company management will be discussing 2002 guidance in more detail during a conference call being held today, January 8th, at 8:30 a.m. Pacific Time.
To listen to the conference call, go to TriZetto's web site at www.trizetto.com, then go to "investor relations" and follow the instructions for the "2002 Guidance Web Cast" provided. An audio recording of the conference call will be archived and available through TriZetto's web site until February 1, 2002. In addition, a 2002 quarterly guidance spreadsheet will be posted on the web site (go to "investor relations", then "financial reports") until February 1, 2002.
About TriZetto
The TriZetto(R) Group, Inc. offers a broad portfolio of healthcare information technology products and services that can be delivered individually or combined to create a comprehensive solution. The company provides proprietary and third party software on a licensed or hosted basis, e-business applications, consulting services, and business services such as claims, billing, and enrollment processing. Focused exclusively on healthcare, TriZetto serves more than 500 payers, providers and benefits administrators. Its payer customers serve more than 90 million health plan members, or approximately 40 percent of the insured population of the United States. Headquartered in Newport Beach, Calif., TriZetto can be reached at (800) 569-1222, www.trizetto.com.
This press release contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include statements about future net revenues, profits, and financial results, the market for TriZetto's services, future service offerings, client and partner relationships, and TriZetto's operational capabilities. Actual results may differ materially from those stated in any forward-looking statements based on a number of factors, including the effectiveness of TriZetto's implementation of its business plan, the market's acceptance of TriZetto's services, risks associated with management of growth, reliance on third parties to supply key components of TriZetto's services, attraction and retention of employees, variability of quarterly operating results, competitive factors, risks associated with acquisitions, changes in demand for third party products or solutions, which form the basis of TriZetto's service offerings, financial stability of our customers, changes in government laws and regulations and risks associated with rapidly changing technology, as well as the other risks identified in TriZetto's Form 10-K and other SEC filings.
CONTACTS:
The TriZetto Group, Inc.
Anna Marie Dunlap (Investor Relations)
949-719-2236
am.dunlap@trizetto.com
The TriZetto Group, Inc.
David Scott (Media Relations)
303-495-7197
david.scott@trizetto.com
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For more detailed information, please call 1-800-569-1222 or click on the link below.
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