SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 5, 2004
DENDRITE INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
New Jersey | | 001-16379 | | 22-2786386 |
(State or Other Jurisdiction
of Incorporation) | | (Commission
File Number) | | (I.R.S. Employer
Identification No.) |
| | | | |
1200 Mount Kemble Avenue, Morristown, New Jersey | | 07960-6767 |
(Address of Principal Executive Offices) | | (Zip Code) |
| | |
Registrant’s telephone number, including area code (973) 425-1200 |
| | | | | | |
INFORMATION TO BE INCLUDED IN THE REPORT
Item 12. Results of Operations and Financial Condition
Attached and being furnished hereby as Exhibit 99.1 is a copy of a press release of Dendrite International, Inc. (“Dendrite”) dated August 5, 2004, reporting Dendrite’s financial results for the second quarter of 2004.
The discussion of Dendrite’s 2004 three month and six month historical results as well as its outlook for future results include, and where indicated exclude, the impact of amortization of acquisition-related intangibles. Historical references to second quarter of 2003 earnings per share exclude an income adjustment related to a foreign tax valuation adjustment in connection with the integration of Synavant Inc. These adjustments are detailed in and reconciled to generally accepted accounting principles (GAAP) as part of the press release.
Dendrite believes that by reflecting the impact of these acquisition-related items, it provides investors with insight into the operating performance of Dendrite’s historic business as well as identifying the impact of amortization of acquisition-related intangibles.
Dendrite management also internally uses these non-GAAP adjusted amounts to manage and evaluate its historic operating performance on a period-over-period comparative basis as well as its combined business performance, and in managing its overall business. These adjusted items allowed management to evaluate progress on its historic business excluding the amortization of acquisition-related intangibles. Management uses various methods to evaluate its operations and does not depend exclusively on such non-GAAP adjusted amounts or on any other single analysis model.
Dendrite has also provided its outlook information on both a GAAP basis and adjusted basis to account for these same items, to the extent applicable, and for the same reasons as described above.
Dendrite has detailed in its financial data tables accompanying the press release all such adjusted items and reconciliation items in order to assist investors in reviewing such non-GAAP adjusted amounts. All such non-GAAP information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared and presented in accordance with GAAP.
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SIGNATURE
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 hereunto duly authorized.
| DENDRITE INTERNATIONAL, INC. | |
| | |
| | |
Dated: August 5, 2004 | By: | /s/ KATHLEEN E. DONOVAN | |
| Name: | Kathleen E. Donovan | |
| Title: | Senior Vice President and Chief | |
| | Financial Officer | |
| | | | | |
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EXHIBIT INDEX
Exhibit No. | | Description |
| | |
99.1 | | Press Release of Dendrite International, Inc., dated August 5, 2004. |
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