UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 8, 2000
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(Date of Report)
AREMISSOFT CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 7372 68-0413929
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
216 Haddon Avenue, Suite 607, Westmont, NJ 08108
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 869-0770
200 Central Park South, #23-A, New York, NY 10019
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(Former name or former address, if changed since last report)
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Item 9. Regulation FD Disclosure
During its public conference call on December 7, 2000, AremisSoft
Corporation (the "Company") made certain clarifications which have been included
in the following information concerning the Company's business outlook for the
year 2001:
Business Outlook for Fiscal Year 2001
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Revenue growth 58 - 62%
Software licenses (percent of revenue) 51 - 53%
Maintenance and services (percent of revenue) 42 - 44%
Hardware and other (percent of revenue) 5 - 6%
Gross profit (percent of revenue) 75 - 76%
Sales and marketing (percent of revenue) 30 - 31%
Research and development (percent of revenue) 7 - 8%
General and administrative (percent of revenue) 11 - 12%
"Pro forma" operating income (percent of 25 - 26%
revenue)
Interest income ($ millions) $1.3 - $1.4m
Shares/year (average for full year) 18,400,000
Expected percentage of revenue:
1st quarter 18 - 19%
2nd quarter 23 - 24%
3rd quarter 27 - 28%
4th quarter 30 - 31%
Expected "pro forma" operating margins:
1st quarter 16.5 - 17.5%
2nd quarter 24.5 - 25.5%
3rd quarter 28.0 - 29.0%
4th quarter 28.5 - 29.5%
Assume an effective tax rate of 20%
All "pro forma" information in the foregoing table, including operating
income and expected operating margins, excludes amortization of goodwill,
purchased intangible assets and transition charges related to recent
acquisitions.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities Litigation Reform Act of 1995: All statements included in
this Report under the "Business Outlook for Fiscal Year 2001" are "forward
looking statements." These statements are based on management's beliefs and
assumptions, and on information currently available to management. Forward
looking statements include, but are not limited to, statements in which words
such as "expect," "see," "anticipate," "intend," "plan," "believe," "estimate,"
"consider," or similar expressions are used. Forward looking statements are not
guarantees of future performance. They involve risks, uncertainties, and
assumptions, including risks discussed under "Risk Factors" in the Company's
most recent annual report on Form 10-K and the final prospectus on Form S-3, SEC
File No. 333-31768, all of which are incorporated herein by reference. The
Company's actual results and stockholder values may differ materially from those
anticipated or expressed in these forward looking statements. Many of the
factors that will determine these results and values are beyond the Company's
ability to control or predict. The Company undertakes no obligation to publicly
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update or correct these forward looking statements, whether as a result of new
information, future events or otherwise.
Signatures
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.
Dated: December 8, 2000 AREMISSOFT CORPORATION
By: /s/ ROYS POYIADJIS
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Roys Poyiadjis
Chief Executive Officer & President
