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Omnicell Announces First Quarter 2009 Results
Date:4/30/2009

MOUNTAIN VIEW, Calif., April 30 /PRNewswire-FirstCall/ -- Omnicell, Inc. (Nasdaq: OMCL), a leading provider of system solutions to acute healthcare facilities, today announced results for its first quarter ended March 31, 2009.

GAAP results: Revenues for the first quarter of 2009 were $52.2 million, down $9.9 million or 15.9% from the fourth quarter of 2008, and down $9.9 million or 15.9% from the first quarter of 2008.

First quarter 2009 net loss as reported in accordance with U.S. generally accepted accounting principles (GAAP) was $1.9 million, or ($0.06) per diluted share. This compares to net income of $3.3 million, or $0.10 per diluted share in the fourth quarter of 2008 and net income of $3.7 million, or $0.10 per diluted share in the first quarter of 2008.

Non-GAAP results: Excluding the impact on our results of recording $2.5 million in share-based compensation expense related to SFAS No. 123R and $2.5 million ($1.5 million net of tax) in restructuring charges related to a reduction in force, non-GAAP net income was $2.1 million for the first quarter of 2009, or $0.07 per diluted share. This compares to non-GAAP net income of $5.5 million or $0.17 per diluted share for the fourth quarter of 2008 and non-GAAP net income of $6.8 million or $0.19 per diluted share for the first quarter of 2008.

"I am pleased with our performance in Q1 2009," said Omnicell President, Chairman and CEO Randall Lipps. "Even in this challenging economy we continue to attract new customers with our focus on innovations that address medication and supply automation problems."

Omnicell Conference Call Information

Omnicell will hold a conference call today at 1:30 p.m. PDT to discuss first quarter financial results. The conference call can be monitored by diali
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SOURCE Omnicell, Inc.
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