Company Announces Conference Call to Discuss 2002 Fourth Quarter and Full Year
Results on Wednesday, February 19, 2003, 3:45 PM Central Standard Time
DALLAS, Jan. 31 /PRNewswire-FirstCall/ -- SOURCECORP(TM) (Nasdaq: SRCP),
one of the nation's leading providers of business process outsourcing
solutions, today announced that the Company is updating its fourth quarter
2002 revenue and earnings per share guidance provided in the third quarter
2002 earnings announcement issued by the Company on November 6, 2002. The
Company is increasing its revenue guidance to a range of approximately $111 to
$113 million from a range of approximately $104 to $108 million due
principally to continued work on the HRA contract beyond the initially
anticipated termination date. The Company now expects to report earnings per
share of approximately $.44 to $.46 for the fourth quarter 2002, as compared
with the previous guidance for earnings per share of approximately $.42 to
$.46.
SOURCECORP's management team will announce the Company's 2002 fourth
quarter and full year earnings after the market closes on Wednesday,
February 19, 2003 and will conduct a conference call at 3:45 PM Central
Standard Time to discuss the financial and operating results and respond to
any questions. The Company will remain in its "quiet period" until this time.
To participate in the call, please dial 719-457-2626 ten minutes before
the start of the call and provide confirmation code 496040.
To listen to the call live, via streaming audio, please go to
the SOURCECORP website at http://www.srcp.com and click on the "New Webcast" image.
This will take you to the Conference Call page where you will click on the
"start audio" button to listen to the call. Prior to the broadcast, you will
need to download the current version of Real Player from this site, if you do
not already have it on your computer.
To hear the call replayed in its entirety, dial 719-457-0820 and provide
confirmation code 496040. The replay will be available for one week following
the call, until 12:00 AM Midnight on Tuesday, February 25, 2003. The replay
will also be available at http://www.srcp.com .
ABOUT SOURCECORP(TM)
SOURCECORP, Incorporated is a leading provider of value-added business
process outsourcing solutions to clients nationwide. SOURCECORP targets
information intensive, technology oriented, application driven industry
segments, such as healthcare, legal, financial services and government,
leveraging its expertise and experience in business processes for these and
other similar business profiles. Headquartered in Dallas, the Company employs
approximately 9,000 people and operates in over 40 states, Washington D.C.,
Puerto Rico, and Mexico.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. In June 2001, the Company was cited among the Top 100 Hot
Growth Companies by BusinessWeek magazine. SOURCECORP has previously been
recognized twice by Forbes magazine as one of the 200 Best Small Companies,
based on return equity, sales growth, and EPS growth, and by FORTUNE magazine
as one of America's 100 Fastest Growing Public Companies. For more
information about SOURCECORP's solutions, including case-study examples, visit
the SOURCECORP website at http://www.srcp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates and projections included in this press release and the
Company disclaims any intention or obligation to update or revise such
estimates or forecasts, except as required by law. The aforementioned risks
and uncertainties include, but are not limited to, the risks of integrating
our operating companies, of managing our rapid growth, of the timing and
magnitude of technological advances, of the occurrences of future events that
could diminish our existing customers' needs for our services, of a change in
the degree to which companies continue to outsource business processes, as
well as the risks detailed in SOURCECORP's filings with the Securities and
Exchange Commission, including without limitation, those detailed under the
heading "Risk Factors" in the company's most recent annual report on Form
10-K. SOURCECORP disclaims any intention or obligation to revise any forward-
looking statements, including financial estimates, whether as a result of new
information, future events, or otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Barry Edwards, EVP & Chief Financial Officer,
+1-214-740-6690, or Lon Baugh, Director, Investor Relations,
+1-214-740-6683, both of SOURCECORP
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