TZIX » Topics » Revenue

This excerpt taken from the TZIX 8-K filed Apr 28, 2008.

Revenue

First-quarter 2008 revenue totaled $106.8 million, a decrease of 6% from $113.5 million in the 2007 first quarter. A $0.3 million increase in services revenue included an increase of $3.4 million in software maintenance, which was offset by a ($3.0) million decline in consulting and other services revenue and a ($0.1) million decline in outsourced services. Software products revenue decreased ($7.0) million from the prior year. As a result, recurring revenue represented 58.0% of total revenue in the first quarter 2008, compared to 50.4% in the 2007 quarter.

“Lower than planned consulting revenue was predominantly driven by slower than expected ramp-up of a couple of major implementations,” noted Kathleen Earley, TriZetto’s president and COO. “However,


consulting bookings in the quarter were a record $115 million, indicating this was predominantly a timing issue. Although software bookings were a record $76 million, software revenue in the first quarter was affected by the timing of revenue recognition for the Blue Shield of California contract.

This excerpt taken from the TZIX 8-K filed Feb 4, 2008.

Revenue

Full-year 2007 revenue totaled $451.8 million, increasing 30% from $347.9 million in 2006. An $87.5 million increase in services revenue included increases of $42.8 million in consulting and other services, $35.3 million in software maintenance and $9.4 million in outsourced services. Software products revenue increased $16.3 million from the prior year.

Recurring revenue represented 51.9% of total revenue in 2007, compared to 50.4% in 2006, driven by a 40% increase in software maintenance revenue and an 11% increase in outsourced business services.

Fourth quarter revenue was $116.5 million, versus $88.5 million in the fourth quarter a year ago.

This excerpt taken from the TZIX 8-K filed Oct 30, 2007.

Revenue

Third quarter 2007 revenue totaled $106.9 million, versus $86.4 million in 2006. A $26.0 million increase in services revenue included increases of $12.9 million in consulting and other services, $9.5 million in software maintenance and $3.6 million in outsourced services. Software products revenue decreased $5.5 million from the year-ago quarter.

Recurring revenue represented 55.6% of total revenue in the third quarter of 2007, compared to 49.5% in the year-ago quarter, driven by a 42% increase in software maintenance revenue and an 18% increase in outsourced business services.

This excerpt taken from the TZIX 8-K filed Jul 27, 2007.

Revenue

Second quarter 2007 revenue totaled $114.8 million, and included the impact of the Plan Data Management and QCSI acquisitions. This represented an increase of $27.1 million over $87.7 million in revenue for the second quarter of 2006. A $21.6 million improvement in services and other revenue included increases of $11.3 million in consulting and other services, $8.5 million in software maintenance and $1.8 million in outsourced services. Software products revenue increased by $5.5 million.

Recurring revenue represented 50.2% of total revenue in the second quarter of 2007, compared to 49.8% in the year-ago quarter, driven primarily by an increase in software maintenance revenue.

This excerpt taken from the TZIX 8-K filed Apr 30, 2007.

Revenue

First quarter 2007 revenue, which included the recent acquisitions of Plan Data Management and QCSI, totaled $113.5 million, an increase of $28.2 million versus $85.3 million for the first quarter of 2006. A $24.0 million improvement in services and other revenue included increases of $13.7 million in consulting and other services, $8.7 million in software maintenance and $1.6 million in outsourced services. Software products revenue increased by $4.2 million.

Non-recurring revenue represented 49.6% of total revenue in the first quarter 2007, compared to 48.8% in the year-ago quarter, driven by increases in license and consulting revenue.

This excerpt taken from the TZIX 8-K filed Feb 5, 2007.

Revenue

Full-year 2006 revenue totaled $347.9 million, versus $292.2 million in 2005. The $55.7 million year-over-year improvement included revenue increases of $26.3 million in software licenses, $14.0 million in consulting and other non-recurring services, $7.9 million in software maintenance and $7.5 million in outsourced services.

Non-recurring revenue represented 49.6% of total revenue in 2006, compared to 45.2% in 2005, driven by larger increases in license and consulting revenue.

Fourth quarter revenue was $88.5 million, versus $74.8 million in the fourth quarter a year ago.

This excerpt taken from the TZIX 8-K filed Oct 24, 2006.

Revenue

Third quarter 2006 revenue totaled $86.4 million, versus $73.1 million for the third quarter of 2005. The $13.3 million improvement included increases of $8.9 million in software license, $2.4 million in software maintenance, $1.1 million in consulting and other non-recurring, and $0.9 million in outsourced services revenue.

Non-recurring revenue represented 50.5% of total revenue in the third quarter of 2006, compared to 46.0% in the year-ago quarter, driven primarily by the larger increase in license revenue.

This excerpt taken from the TZIX 8-K filed Aug 1, 2006.

Revenue

Second quarter 2006 revenue totaled $87.7 million, versus $72.5 million for the second quarter of 2005. The $15.2 million change included increases of $6.9 million in software license, $4.7 million in consulting and other non-recurring, $2.6 million in software maintenance and $1.0 million in outsourced services revenue.

Non-recurring revenue represented 50.2% of total revenue in the second quarter of 2006, compared to 44.7% in the year-ago quarter, driven by the larger increases in license and consulting revenue.

This excerpt taken from the TZIX 8-K filed Apr 25, 2006.

Revenue

First quarter 2006 revenue totaled $85.3 million, versus $71.8 million for the first quarter of 2005. The $13.5 million change included increases of $5.5 million in consulting, $3.3 million in software license, $3.2 million in outsourced services and $1.5 million in software maintenance revenue.

Non-recurring revenue represented 48.8% of total revenue in the first quarter of 2006, compared to 45.7% in the year-ago quarter, driven by the larger increases in license and consulting revenue.

This excerpt taken from the TZIX 8-K filed Feb 9, 2006.

Revenue

 

Full-year 2005 revenue totaled $292.2 million, versus $274.6 million in 2004. Increases of $19.1 million in consulting, $11.6 million in recurring software maintenance and $12.0 million of software hosting revenue more than offset the loss of $22.5 million of outsourced services revenue from exited businesses and contracts.

 

Non-recurring revenue represented 45.2% of total revenue in 2005, compared to 42.1% in 2004. This reflects primarily the significant improvement in non-recurring consulting revenue in 2005 and the loss of recurring hosting and business process outsourcing revenue from exited businesses and contracts.

 

This excerpt taken from the TZIX 8-K filed Oct 25, 2005.

Revenue

 

Third quarter 2005 revenue totaled $73.1 million, versus $67.0 million in the third quarter of 2004. Increases of $8.1 million in consulting and other non-recurring revenue, $2.5 million in recurring software maintenance and $0.3 million in outsourced services revenue more than offset $4.8 million lower software license revenue.

 

Recurring revenue represented 54.0% of total revenue in the third quarter, compared to 54.7% a year ago, reflecting a similar mix of recurring (hosting, business process outsourcing and software maintenance) and non-recurring (software license and consulting) revenue.

 

This excerpt taken from the TZIX 8-K filed Jul 26, 2005.

Revenue

 

Second quarter 2005 revenue totaled $72.5 million, versus $67.5 million in the second quarter of 2004. A $4.3 million increase in software licenses and recurring maintenance, a $3.5 million increase primarily from growth of hosted Facets lives and a $5.2 million increase in consulting and other non-recurring revenue more than offset $8.0 million of previously announced outsourced services revenue that did not repeat this year. This $8.0 million was comprised of Altius Health Plans, which was lost to acquisition; Preferred Health Networks, which closed; and several business lines the company chose to exit in 2004. Non-recurring revenue represented 44.7% of total revenue in the second quarter, compared to 38.4% a year ago, reflecting a higher mix of license and consulting revenue.

 

This excerpt taken from the TZIX 8-K filed Apr 26, 2005.

Revenue

 

First quarter 2005 revenue totaled $71.8 million versus $65.8 million in the first quarter of 2004. A $4.9 million increase in software licenses, $4.4 million increase in consulting and other non-recurring revenue, and a $3.8 million increase in software maintenance fees more than offset a $7.1 million decline in outsourced services revenue. The first quarter of 2004 included several outsourced services revenue sources that did not repeat in the first quarter of 2005. Those included Altius Health Plans, which was lost to acquisition, Preferred Health Networks, which is closing, and several business lines the company chose to exit in 2004. First quarter software license revenue of $16.2 million set a new record. Non-recurring revenue represented 45.7% of total revenue in the first quarter, compared to 35.7% a year ago, reflecting a higher mix of license and consulting revenue.

 

This excerpt taken from the TZIX 8-K filed Feb 11, 2005.

Revenue

 

Fourth quarter revenue totaled $74.3 million versus $67.0 million in the third quarter of 2004, predominantly due to $5.3 million of additional consulting revenue and $1.7 million higher software maintenance fees. Outsourced services revenue was nominally higher than the third quarter as revenue from new hosting customers replaced revenue from business lines the company has exited. Software license fees remained strong in the fourth quarter, increasing $0.4 million over the record third quarter. Recurring revenue represented 51.7% of total revenue in the fourth quarter.

 

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