MDRX: Allscripts, Inc. Message Board

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Technology Stocks : MDRX: Allscripts, Inc.

MDRX 4.500

0.0%

Dec 26 9:30 AM EST

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From: JakeStraw	11/9/2010 8:39:15 AM
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Allscripts Reports Third Quarter 2010 Results finance.yahoo.com Third Quarter Highlights: * Third quarter total bookings of $215.9 million, including legacy Allscripts bookings of $112.0 million * Eclipsys bookings growth of 26 percent year-to-date and on track for 20-30 percent year-over-year growth in 2010 * GAAP revenue of $242.4 million; total non-GAAP revenue of $329.1 million, a 12 percent year-over-year increase * GAAP net income of $1.4 million and diluted earnings per share of $0.01 includes approximately $19.6 million, or $0.10 per share for transaction-related expenses, both net of tax * Non-GAAP net income of $36.8 million, a 21 percent year-over-year increase, and non-GAAP diluted earnings per share of $0.19 * Company reduces long-term debt by $40.0 million "I am pleased with our strong operating performance during a quarter that included the successful merger with Eclipsys and solid progress on integration," said Glen Tullman, Chief Executive Officer of Allscripts. "We are also excited by the industry's positive reaction to the merger. Clients and prospects tell us they appreciate having a new choice in the market, whether for a fully integrated solution that connects ambulatory practices to hospitals or for a best-of-breed approach that allows our clients to build on what they have. Our goal is to create a new operating model for healthcare—a connected community of health—and our merger moves our clients and their patients one step closer to that goal."

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