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Allscripts Reports Fiscal 2010 Second Quarter Results
Date:1/10/2010

CHICAGO, Jan. 10 /PRNewswire/ -- Allscripts-Misys Healthcare Solutions, Inc. (Allscripts or the Company) today announced its financial results for the three and six months ended November 30, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO )

Second Quarter Highlights:

  • Total revenue of $169.3 million; non-GAAP revenue of $170.7 million
  • Earnings per share of $0.10 cents; non-GAAP earnings per share of $0.16 cents
  • Net income of $15.8 million in the quarter; non-GAAP net income of $24.0 million, up 45% versus the same period last year
  • Bookings of $93.8 million, a 16% increase over the prior year
  • Gross margin of 56.4% versus 54.0% in the first quarter of fiscal 2010
  • Cash flow from operating activities of $19.8 million
  • Launch of Professional EHR version 9.0 and Allscripts Remote for Blackberry
  • Introduction of "READY" process to accelerate new system implementations

"Allscripts second quarter financial results were strong across the entire business," said Glen Tullman, Chief Executive Officer of Allscripts. "We believe that 2010 will be the 'Year of the EHR' in which we expect to see significant acceleration in the adoption and utilization of healthcare information technology to improve quality and reduce cost. This is a once in a lifetime market opportunity, driven by the American Recovery and Reinvestment Act and Allscripts is uniquely positioned to win."

Second Quarter Results

Total revenue for the three months ended November 30, 2009 was $169.3 million, compared to $128.6 million for the same period last year. Non-GAAP revenue(1) f
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SOURCE Allscripts-Misys Healthcare Solutions, Inc.
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