TriZetto Reports First Quarter Results

Top Line Grows 160%



Continued Progress Toward Profitability



Apr 24, 2001, 01:00 ET from The TriZetto Group, Inc.

    NEWPORT BEACH, Calif., April 24 /PRNewswire Interactive News Release/ --
 The TriZetto(R) Group, Inc. (Nasdaq:   TZIX) reported financial results today
 for the first quarter ended March 31, 2001.
 
     First Quarter Highlights
 
     *  Total revenue grew to $46.0 million in the first quarter of 2001, an
        increase of 160% over the $17.7 million reported in the first quarter
        of 2000.  First quarter 2001 recurring revenue increased 153% over the
        same period last year.
 
     *  The pro forma loss per share was $0.13 in the first quarter of 2001,
        compared with a pro forma loss of $0.28 per share in the first quarter
        of 2000.  (Pro forma numbers exclude amortization of
        acquisition-related intangibles and deferred stock compensation,
        in-process research and development costs and taxes.)
 
     *  Reported net loss for the first quarter 2001 was $17.9 million or $0.50
        per share, compared with a loss of $7.9 million or $0.42 per share in
        the first quarter of 2000.
 
     *  EBITDA (earnings before interest, taxes, depreciation and amortization)
        improved from a loss of $6.9 million in the fourth quarter of 2000 to a
        loss of $2.8 million in the first quarter of 2001.
 
     *  The total recurring and software license revenue backlog at March 31,
        2001 was approximately $421 million.  Total recurring revenue backlog
        was approximately $392 million.
 
     *  The 12-month recurring and software license revenue backlog at
        March 31, 2001 was approximately $134 million.  The 12-month recurring
        revenue backlog was approximately $112 million.
 
     *  62 new recurring revenue and software contracts were signed in the
        first quarter, with a total contract value of $42.1 million.  26 of
        these were application service provider (ASP) contracts, and 36 were
        software license contracts.
 
     *  Days billings outstanding were 42 as of March 31, 2001.
 
     "We generated substantial top line growth in the first quarter while
 continuing to progress toward our goal of reaching positive EBITDA by the
 middle of this year," said Jeffrey H. Margolis, TriZetto's Chief Executive
 Officer.  "Our revenue growth was driven by the strong performance of our
 recent acquisitions of Erisco and RIMS, as well as an increase in ASP and
 HealthWeb(R) revenue.  Our sequential EBITDA improvement primarily reflects
 the impact of Erisco and RIMS software license and maintenance revenue, which
 has higher gross margins than our ASP business.  In addition, we are beginning
 to leverage the investments we made in management and administrative
 infrastructure last year, and HealthWeb is making solid progress toward
 profitability.
     "Our HealtheWare(TM) and HealthWeb sales were robust during the quarter,
 the result of continued demand from payers for highly functional systems that
 can streamline administrative processes," Margolis continued.  "In the first
 quarter, we signed 9 new customer contracts with a total value of $35 million
 for our HealtheWare and HealthWeb businesses combined.  The integrated Erisco
 Facets(R)-HealthWeb product, which allows Facets customers to conduct business
 with their constituents over the Internet, continues to be well received.
 Since the first of this year, we have signed two large health plans for the
 combined product: Anthem Blue Cross and Blue Shield and Blue Cross and Blue
 Shield of Missouri. In the first quarter, we also completed the first phase of
 the RIMS QicLink(TM)-HealthWeb integration and recently began marketing that
 product.
     "During the quarter, we experienced longer sales cycles in our ASP
 business, which we believe was largely the result of erroneous financial
 information published about TriZetto's cash burn rate by Barron's and
 Fortune," Margolis said.  "In addition, given the financial difficulties of
 many other technology companies, our potential customers are exercising
 greater care in evaluating the viability of prospective long-term technology
 partners.
     "Also of note, earlier this month we announced the acquisition of
 INFOTRUST(R), which will increase our ability to offer comprehensive
 technology and outsourcing services to the payer market," Margolis stated.
 "INFOTRUST hosts AMISYS Managed Care System software and provides outsourcing
 of administrative transactions.  We plan to use INFOTRUST's technical
 expertise and excellent reputation to expand the market share they have
 established in the AMISYS customer base."
 
     Financial Review/Outlook
     Revenue -- First quarter revenue totaled $46.0 million; recurring revenue
 totaled $30.3 million; and non-recurring revenue was $15.7 million. Comparing
 the first quarter of 2001 with the same period in 2000, revenue increased
 primarily as a result of the Erisco and RIMS acquisitions, as well as
 increased ASP and HealthWeb business.  Organic ASP recurring revenue growth
 was 32% in the first quarter of 2001, compared with the same period last year.
 Overall organic growth was 10%.
     Recurring revenue in the first quarter was 66% of total revenue, compared
 with 68% in the first quarter last year.  On a sequential basis (from the
 fourth to the first quarter), recurring revenue as a percent of total revenue
 declined from 68% to 66%.  The first quarter included Erisco and RIMS for the
 entire period, and these businesses have a lower percentage of recurring
 revenue than TriZetto's ASP business.  TriZetto expects recurring revenue as a
 percent of total revenue to increase gradually as 2001 progresses.
     TriZetto anticipates that total revenue for 2001 will be approximately
 $208 - $222 million compared with $89.1 million in 2000, driven by increases
 in its ASP, HealtheWare and HealthWeb businesses.  In 2002, total revenue is
 expected to range from $260 - $275 million.
 
     EBITDA (earnings before interest, taxes, depreciation and amortization) --
 The EBITDA loss in the first quarter of 2001 was $2.8 million, compared with
 an EBITDA loss of $4.4 million in the first quarter of 2000 and $6.9 million
 in the fourth quarter of 2000.
     In 2001, TriZetto expects EBITDA to range between $13.5 million and
 $17 million, and expects to achieve positive EBITDA by mid-year.  In 2002,
 TriZetto expects to generate $26 - $31 million in EBITDA.
 
     Net Loss/Earnings Per Share (EPS) -- TriZetto reported a net loss of
 $17.9 million in the first quarter of 2001, or a loss per share of $0.50,
 compared with a loss of $7.9 million or $0.42 per share in the first quarter
 of 2000.
     TriZetto's pro forma net loss in the first quarter of 2001 was
 $4.8 million, or a loss of $0.13 per share, compared to a pro forma net loss
 of $5.3 million, or $0.28 per share, in the first quarter of 2000.  (Pro forma
 numbers exclude amortization of acquisition-related intangibles and deferred
 stock compensation, in-process research and development costs and taxes.)
     In 2001, TriZetto expects pro forma net income to range from a loss of
 $400,000 to net income of $2.2 million, and earnings per share to range from a
 loss of $0.01 to positive EPS of $0.09.  In 2002, TriZetto anticipates pro
 forma net income to range from $6 - $9 million and pro forma EPS to range from
 $0.14 to $0.20.
 
     Cash Resources -- TriZetto generated approximately $5.3 million in cash
 from operations during the first quarter of 2001.  Cash, cash equivalents,
 restricted cash and short-term investments totaled $31.2 million at March 31,
 2001.  TriZetto believes that its cash resources are sufficient to operate the
 business for at least the next 12 months.
 
     TriZetto will be hosting a conference call to discuss its first quarter
 results today at 8:00 a.m. Pacific Time.  To listen to the conference call via
 the Internet, go to TriZetto's Web site at http://www.trizetto.com and follow
 the instructions provided on the investor relations section of the site.
 
     About TriZetto
     The TriZetto(R) Group, Inc., is an information technology and services
 company focused on the healthcare industry.  TriZetto hosts and licenses
 software and provides Internet platforms, serving approximately 600 customers.
 TriZetto's payer customers have more than 90 million enrollees, or 40% of the
 insured population in the U.S.  TriZetto's ASP hosts third-party and
 proprietary applications and provides business outsourcing services.
 TriZetto's HealthWeb(R) technology allows health plans to exchange information
 and conduct business over the Internet with their providers, employers and
 members.  HealtheWare(TM) develops and licenses premium Erisco and RIMS
 applications for payers and benefits administrators.  Headquartered in Newport
 Beach, Calif., TriZetto can be reached at 949-719-2200,
 http://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, and risks associated with
 rapidly changing technology, as well as the other risks identified in
 TriZetto's Form 10-K and other SEC filings.
 
                          The TriZetto(R) Group, Inc.
                     Consolidated Statements of Operations
             (unaudited and in thousands, except per share amounts)
 
                                                   Three Months    Three Months
                                                       Ended           Ended
                                                     March 31,        March 31,
                                                        2001            2000
     Revenues
      Recurring                                       $30,323        $11,967
      Non-recurring                                    15,716          5,750
     Total revenues                                    46,039         17,717
 
     Cost of revenues
      Recurring                                        24,271         11,365
      Non-recurring                                     9,656          4,071
     Total cost of revenues                            33,927         15,436
 
     Gross profit                                      12,112          2,281
 
     Operating expenses
      Research and development                          4,844          1,640
      Selling, general and administrative              30,294          8,222
      Write-off of acquired in-process technology          --            536
     Total operating expenses                          35,138         10,398
 
      Loss from operations                            (23,026)        (8,117)
 
      Interest income                                     408            263
      Interest expense                                   (334)           (27)
 
      Loss before benefit for income taxes            (22,952)        (7,881)
 
      Benefit for income taxes                         (5,018)            --
 
      Net loss                                       $(17,934)       $(7,881)
 
     Net loss per share:
      Basic                                            $(0.50)        $(0.42)
      Diluted                                          $(0.50)        $(0.42)
 
     Other financial data:
     Pro forma net loss (a)                           $(4,798)       $(5,253)
     EBITDA (b)                                       $(2,808)       $(4,387)
     12-month backlog (c)                            $134,000            N/A
     Total backlog (d)                               $420,500            N/A
 
     Shares used in computing net loss and
      pro forma net loss per share:
      Basic                                            35,764         18,888
      Diluted                                          35,764         18,888
 
     (a)The Company defines pro forma net loss as earnings before
          amortization of acquisition intangibles and deferred stock
          compensation, write-off of in-process research and development and
          income tax related benefits.Amortization of acquisition intangibles
          and deferred stock compensation for the three months ended March 31,
          2001 and 2000 were $18,154 and $2,092, respectively.
 
     (b)The Company defines EBITDA as Earnings Before Interest, Taxes,
          Depreciation, Amortization and Write-off of acquired in-process
          technology.Total depreciation and amortization for the three months
          ended March 31, 2001 and 2000 were $20,218 and $3,194, respectively.
 
     (c)The Company defines 12-month backlog as minimum recurring revenue and
          non-recurring software licenses from existing contracts to be
          recognized over the next 12 months.
 
     (d)The Company defines total backlog as total revenue not yet recognized
          from recurring revenue and non-recurring software licenses from
          existing contracts.
 
 
                          The TriZetto(R) Group, Inc.
                     Condensed Consolidated Balance Sheets
                          (unaudited and in thousands)
 
                                                        March 31,  December 31,
                                                           2001        2000
 
     ASSETS
     Current assets:
     Cash, cash equivalents, restricted
      cash and short-term investments                 $31,195        $28,384
     Accounts receivable, net                          23,052         18,102
     Prepaid expenses and other current assets          6,437          7,433
     Total current assets                              60,684         53,919
 
     Property and equipment, net                       26,387         25,623
     Other assets                                       4,105          2,602
     Goodwill and other intangible assets, net        264,441        281,607
     Total assets                                    $355,617       $363,751
 
     LIABILITIES AND STOCKHOLDERS' EQUITY
     Current liabilities:
     Short-term note payable and
      capital lease obligations                       $16,105        $14,555
     Accounts payable                                   7,871          9,502
     Other accrued liabilities                         51,781         37,703
     Total current liabilities                         75,757         61,760
 
     Deferred Taxes                                    20,082         25,141
     Other long-term obligations                        7,141          7,420
     Total liabilities                                102,980         94,321
 
     Total stockholders' equity                       252,637        269,430
     Total liabilities and stockholders' equity      $355,617       $363,751
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X38217898
 
 

SOURCE The TriZetto Group, Inc.
    NEWPORT BEACH, Calif., April 24 /PRNewswire Interactive News Release/ --
 The TriZetto(R) Group, Inc. (Nasdaq:   TZIX) reported financial results today
 for the first quarter ended March 31, 2001.
 
     First Quarter Highlights
 
     *  Total revenue grew to $46.0 million in the first quarter of 2001, an
        increase of 160% over the $17.7 million reported in the first quarter
        of 2000.  First quarter 2001 recurring revenue increased 153% over the
        same period last year.
 
     *  The pro forma loss per share was $0.13 in the first quarter of 2001,
        compared with a pro forma loss of $0.28 per share in the first quarter
        of 2000.  (Pro forma numbers exclude amortization of
        acquisition-related intangibles and deferred stock compensation,
        in-process research and development costs and taxes.)
 
     *  Reported net loss for the first quarter 2001 was $17.9 million or $0.50
        per share, compared with a loss of $7.9 million or $0.42 per share in
        the first quarter of 2000.
 
     *  EBITDA (earnings before interest, taxes, depreciation and amortization)
        improved from a loss of $6.9 million in the fourth quarter of 2000 to a
        loss of $2.8 million in the first quarter of 2001.
 
     *  The total recurring and software license revenue backlog at March 31,
        2001 was approximately $421 million.  Total recurring revenue backlog
        was approximately $392 million.
 
     *  The 12-month recurring and software license revenue backlog at
        March 31, 2001 was approximately $134 million.  The 12-month recurring
        revenue backlog was approximately $112 million.
 
     *  62 new recurring revenue and software contracts were signed in the
        first quarter, with a total contract value of $42.1 million.  26 of
        these were application service provider (ASP) contracts, and 36 were
        software license contracts.
 
     *  Days billings outstanding were 42 as of March 31, 2001.
 
     "We generated substantial top line growth in the first quarter while
 continuing to progress toward our goal of reaching positive EBITDA by the
 middle of this year," said Jeffrey H. Margolis, TriZetto's Chief Executive
 Officer.  "Our revenue growth was driven by the strong performance of our
 recent acquisitions of Erisco and RIMS, as well as an increase in ASP and
 HealthWeb(R) revenue.  Our sequential EBITDA improvement primarily reflects
 the impact of Erisco and RIMS software license and maintenance revenue, which
 has higher gross margins than our ASP business.  In addition, we are beginning
 to leverage the investments we made in management and administrative
 infrastructure last year, and HealthWeb is making solid progress toward
 profitability.
     "Our HealtheWare(TM) and HealthWeb sales were robust during the quarter,
 the result of continued demand from payers for highly functional systems that
 can streamline administrative processes," Margolis continued.  "In the first
 quarter, we signed 9 new customer contracts with a total value of $35 million
 for our HealtheWare and HealthWeb businesses combined.  The integrated Erisco
 Facets(R)-HealthWeb product, which allows Facets customers to conduct business
 with their constituents over the Internet, continues to be well received.
 Since the first of this year, we have signed two large health plans for the
 combined product: Anthem Blue Cross and Blue Shield and Blue Cross and Blue
 Shield of Missouri. In the first quarter, we also completed the first phase of
 the RIMS QicLink(TM)-HealthWeb integration and recently began marketing that
 product.
     "During the quarter, we experienced longer sales cycles in our ASP
 business, which we believe was largely the result of erroneous financial
 information published about TriZetto's cash burn rate by Barron's and
 Fortune," Margolis said.  "In addition, given the financial difficulties of
 many other technology companies, our potential customers are exercising
 greater care in evaluating the viability of prospective long-term technology
 partners.
     "Also of note, earlier this month we announced the acquisition of
 INFOTRUST(R), which will increase our ability to offer comprehensive
 technology and outsourcing services to the payer market," Margolis stated.
 "INFOTRUST hosts AMISYS Managed Care System software and provides outsourcing
 of administrative transactions.  We plan to use INFOTRUST's technical
 expertise and excellent reputation to expand the market share they have
 established in the AMISYS customer base."
 
     Financial Review/Outlook
     Revenue -- First quarter revenue totaled $46.0 million; recurring revenue
 totaled $30.3 million; and non-recurring revenue was $15.7 million. Comparing
 the first quarter of 2001 with the same period in 2000, revenue increased
 primarily as a result of the Erisco and RIMS acquisitions, as well as
 increased ASP and HealthWeb business.  Organic ASP recurring revenue growth
 was 32% in the first quarter of 2001, compared with the same period last year.
 Overall organic growth was 10%.
     Recurring revenue in the first quarter was 66% of total revenue, compared
 with 68% in the first quarter last year.  On a sequential basis (from the
 fourth to the first quarter), recurring revenue as a percent of total revenue
 declined from 68% to 66%.  The first quarter included Erisco and RIMS for the
 entire period, and these businesses have a lower percentage of recurring
 revenue than TriZetto's ASP business.  TriZetto expects recurring revenue as a
 percent of total revenue to increase gradually as 2001 progresses.
     TriZetto anticipates that total revenue for 2001 will be approximately
 $208 - $222 million compared with $89.1 million in 2000, driven by increases
 in its ASP, HealtheWare and HealthWeb businesses.  In 2002, total revenue is
 expected to range from $260 - $275 million.
 
     EBITDA (earnings before interest, taxes, depreciation and amortization) --
 The EBITDA loss in the first quarter of 2001 was $2.8 million, compared with
 an EBITDA loss of $4.4 million in the first quarter of 2000 and $6.9 million
 in the fourth quarter of 2000.
     In 2001, TriZetto expects EBITDA to range between $13.5 million and
 $17 million, and expects to achieve positive EBITDA by mid-year.  In 2002,
 TriZetto expects to generate $26 - $31 million in EBITDA.
 
     Net Loss/Earnings Per Share (EPS) -- TriZetto reported a net loss of
 $17.9 million in the first quarter of 2001, or a loss per share of $0.50,
 compared with a loss of $7.9 million or $0.42 per share in the first quarter
 of 2000.
     TriZetto's pro forma net loss in the first quarter of 2001 was
 $4.8 million, or a loss of $0.13 per share, compared to a pro forma net loss
 of $5.3 million, or $0.28 per share, in the first quarter of 2000.  (Pro forma
 numbers exclude amortization of acquisition-related intangibles and deferred
 stock compensation, in-process research and development costs and taxes.)
     In 2001, TriZetto expects pro forma net income to range from a loss of
 $400,000 to net income of $2.2 million, and earnings per share to range from a
 loss of $0.01 to positive EPS of $0.09.  In 2002, TriZetto anticipates pro
 forma net income to range from $6 - $9 million and pro forma EPS to range from
 $0.14 to $0.20.
 
     Cash Resources -- TriZetto generated approximately $5.3 million in cash
 from operations during the first quarter of 2001.  Cash, cash equivalents,
 restricted cash and short-term investments totaled $31.2 million at March 31,
 2001.  TriZetto believes that its cash resources are sufficient to operate the
 business for at least the next 12 months.
 
     TriZetto will be hosting a conference call to discuss its first quarter
 results today at 8:00 a.m. Pacific Time.  To listen to the conference call via
 the Internet, go to TriZetto's Web site at http://www.trizetto.com and follow
 the instructions provided on the investor relations section of the site.
 
     About TriZetto
     The TriZetto(R) Group, Inc., is an information technology and services
 company focused on the healthcare industry.  TriZetto hosts and licenses
 software and provides Internet platforms, serving approximately 600 customers.
 TriZetto's payer customers have more than 90 million enrollees, or 40% of the
 insured population in the U.S.  TriZetto's ASP hosts third-party and
 proprietary applications and provides business outsourcing services.
 TriZetto's HealthWeb(R) technology allows health plans to exchange information
 and conduct business over the Internet with their providers, employers and
 members.  HealtheWare(TM) develops and licenses premium Erisco and RIMS
 applications for payers and benefits administrators.  Headquartered in Newport
 Beach, Calif., TriZetto can be reached at 949-719-2200,
 http://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, and risks associated with
 rapidly changing technology, as well as the other risks identified in
 TriZetto's Form 10-K and other SEC filings.
 
                          The TriZetto(R) Group, Inc.
                     Consolidated Statements of Operations
             (unaudited and in thousands, except per share amounts)
 
                                                   Three Months    Three Months
                                                       Ended           Ended
                                                     March 31,        March 31,
                                                        2001            2000
     Revenues
      Recurring                                       $30,323        $11,967
      Non-recurring                                    15,716          5,750
     Total revenues                                    46,039         17,717
 
     Cost of revenues
      Recurring                                        24,271         11,365
      Non-recurring                                     9,656          4,071
     Total cost of revenues                            33,927         15,436
 
     Gross profit                                      12,112          2,281
 
     Operating expenses
      Research and development                          4,844          1,640
      Selling, general and administrative              30,294          8,222
      Write-off of acquired in-process technology          --            536
     Total operating expenses                          35,138         10,398
 
      Loss from operations                            (23,026)        (8,117)
 
      Interest income                                     408            263
      Interest expense                                   (334)           (27)
 
      Loss before benefit for income taxes            (22,952)        (7,881)
 
      Benefit for income taxes                         (5,018)            --
 
      Net loss                                       $(17,934)       $(7,881)
 
     Net loss per share:
      Basic                                            $(0.50)        $(0.42)
      Diluted                                          $(0.50)        $(0.42)
 
     Other financial data:
     Pro forma net loss (a)                           $(4,798)       $(5,253)
     EBITDA (b)                                       $(2,808)       $(4,387)
     12-month backlog (c)                            $134,000            N/A
     Total backlog (d)                               $420,500            N/A
 
     Shares used in computing net loss and
      pro forma net loss per share:
      Basic                                            35,764         18,888
      Diluted                                          35,764         18,888
 
     (a)The Company defines pro forma net loss as earnings before
          amortization of acquisition intangibles and deferred stock
          compensation, write-off of in-process research and development and
          income tax related benefits.Amortization of acquisition intangibles
          and deferred stock compensation for the three months ended March 31,
          2001 and 2000 were $18,154 and $2,092, respectively.
 
     (b)The Company defines EBITDA as Earnings Before Interest, Taxes,
          Depreciation, Amortization and Write-off of acquired in-process
          technology.Total depreciation and amortization for the three months
          ended March 31, 2001 and 2000 were $20,218 and $3,194, respectively.
 
     (c)The Company defines 12-month backlog as minimum recurring revenue and
          non-recurring software licenses from existing contracts to be
          recognized over the next 12 months.
 
     (d)The Company defines total backlog as total revenue not yet recognized
          from recurring revenue and non-recurring software licenses from
          existing contracts.
 
 
                          The TriZetto(R) Group, Inc.
                     Condensed Consolidated Balance Sheets
                          (unaudited and in thousands)
 
                                                        March 31,  December 31,
                                                           2001        2000
 
     ASSETS
     Current assets:
     Cash, cash equivalents, restricted
      cash and short-term investments                 $31,195        $28,384
     Accounts receivable, net                          23,052         18,102
     Prepaid expenses and other current assets          6,437          7,433
     Total current assets                              60,684         53,919
 
     Property and equipment, net                       26,387         25,623
     Other assets                                       4,105          2,602
     Goodwill and other intangible assets, net        264,441        281,607
     Total assets                                    $355,617       $363,751
 
     LIABILITIES AND STOCKHOLDERS' EQUITY
     Current liabilities:
     Short-term note payable and
      capital lease obligations                       $16,105        $14,555
     Accounts payable                                   7,871          9,502
     Other accrued liabilities                         51,781         37,703
     Total current liabilities                         75,757         61,760
 
     Deferred Taxes                                    20,082         25,141
     Other long-term obligations                        7,141          7,420
     Total liabilities                                102,980         94,321
 
     Total stockholders' equity                       252,637        269,430
     Total liabilities and stockholders' equity      $355,617       $363,751
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X38217898
 
 SOURCE  The TriZetto Group, Inc.