As of March 31, 2008, the Company had cash and marketable securities of $61.4 million.
"Allscripts delivered a solid sales performance during the first quarter of 2008 and we continue to make progress in deploying our TouchWorks electronic health record," said Glen Tullman, Chief Executive Officer of Allscripts. "When you consider that the first quarter is traditionally the slowest of the year, our sales performance demonstrates the strength of the market, the strength of the Allscripts brand, and the confidence our clients and prospects have in our company and our commitment to improving healthcare."
Explanation of Non-GAAP Financial Measures
Allscripts reports its financial results in accordance with generally
accepted accounting principles, or GAAP. To supplement this information,
Allscripts presents in this press release non-GAAP net income (and related
per share amounts), which is a non-GAAP financial measure under Section 101
of Regulation G under the Securities Exchange Act of 1934, as amended.
Non-GAAP net income consists of GAAP net income, excluding
acquisition-related amortization, stock-based compensation expense under
SFAS No. 123R, and transaction-related expenses, in each case net of any
related tax benefit.
-- Acquisition-Related Amortization. Acquisition-related amortization
expense is a non-cash expense arising from the acquisition of
intangible assets in connection with acquisitions or investments.
Allscripts excludes acquisition-related amortization expense from
non-GAAP net income because it believes (i) the amount of such
expenses in any specific period may not directly correlate to the
underlying performance of Allscripts business operations and (ii) such
expenses can vary significantly between periods as a result of new
|SOURCE Allscripts Healthcare Solutions, Inc.|
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