Allscripts Reports Third Quarter 20... ( Company Posts Reco...)

Allscripts Reports Third Quarter 2007 Results

Date:11/8/2007

Company Posts Record Sales and Revenue

CHICAGO, Nov. 8 /PRNewswire-FirstCall/ -- Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, today announced results for the three and nine months ended September 30, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061005/ALLSCRIPTSLOGO-b)

Total revenue for the three months ended September 30, 2007 was $73.4 million, a record for the company, compared to $62.2 million for the same period last year. Revenue from software and related services for the three months ended September 30, 2007 was $59.0 million, compared to $49.5 million for the same period last year, increasing by 19.1%.

Gross margin percentage was 50.1% for the third quarter of 2007, compared to 49.1% during the third quarter of 2006.

Net income for the three months ended September 30, 2007 was $4.1 million, or $0.07 per diluted share, compared to net income of $3.3 million, or $0.06 per diluted share, for the same period last year. Reported net income for the three months ended September 30, 2007 and 2006 reflects deal-related amortization of $1.7 million and $1.9 million, respectively, or $0.03 per diluted share for both periods, net of tax, and total stock-based compensation of $0.9 million and $0.4 million, respectively, or $0.01 per diluted share for both reported periods, net of tax.

Non-GAAP adjusted earnings for the three months ended September 30, 2007 were $6.7 million, or $0.11 per diluted share, compared to non-GAAP adjusted earnings of $5.5 million, or $0.10 per diluted share for the same period last year. Please see "Non-GAAP Financial Measures" below for a discussion of non-GAAP adjusted earnings and earnings per share.

As of September 30, 2007, the Company had cash and marketable securities of $75.0 million.

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