Home Business Wire Allscripts Announces Second Quarter 2021 Results

Allscripts Announces Second Quarter 2021 Results

  • Second quarter GAAP diluted EPS of $0.15; non-GAAP diluted EPS of $0.23, up 35% year-over-year
  • Generated $69 million of cash flow from continuing operations and $51 million of free cash flow in the second quarter
  • Increasing 2021 outlook for Adjusted EBITDA and free cash flow

CHICAGO–(BUSINESS WIRE)–$MDRX #healthIT–Allscripts Healthcare Solutions, Inc. (Nasdaq: MDRX) (Allscripts) announced its financial results for the three and six months ended June 30, 2021.

Bookings(1) were $180 million in the second quarter of 2021. This result compares with $164 million in the second quarter of 2020. Contract revenue backlog totaled $3.9 billion as of June 30, 2021.

Second quarter 2021 revenue was $374 million compared with $369 million in the second quarter of 2020.

On a GAAP basis in the second quarter of 2021, income from operations was $10 million compared with a GAAP loss from operations in the second quarter of 2020 of $25 million. Non-GAAP income from operations in the second quarter of 2021 was $33 million compared with $25 million in the second quarter of 2020.

GAAP net income in the second quarter of 2021 totaled $22 million compared with net loss of $8 million in the second quarter of 2020. Non-GAAP net income in the second quarter of 2021 was $33 million compared with $28 million in the second quarter of 2020.

GAAP diluted earnings per share in the second quarter of 2021 was $0.15 compared with loss per share of $0.05 in the second quarter of 2020. Non-GAAP diluted earnings per share in the second quarter of 2021 was $0.23 compared with $0.17 in the second quarter of 2020.

Adjusted EBITDA totaled $69 million in the second quarter of 2021, compared with $54 million in the second quarter of 2020.

“In the second quarter, Allscripts continued to benefit from the actions we took to position the company on a sustainable path to improve margins, generate free cash flow and serve our clients with strategic innovations as they continue to manage through the pandemic. Our strong results enabled us to continue investing in our platforms to deliver value for our clients while at the same time maintaining disciplined cost management and returning a significant amount of capital to our shareholders,” said Paul M. Black, Allscripts Chief Executive Officer. “Looking ahead, we expect to benefit as health care providers, payors and life sciences companies shift their focus to acquiring best in class solutions from vendors that can deliver an integrated clinical and financial solution along with data and analytics that drive improved outcomes at the point of care.”

2021 Financial Outlook(2)

Allscripts is revising the following expectations:

  • Adjusted EBITDA between $265 million and $275 million, an increase from the prior outlook of between $240 million and $260 million
  • Free cash flow between $115 million and $125 million, an increase from the prior outlook of between $90 million and $100 million

Allscripts is affirming the following expectations:

  • Revenue of $1.5 billion

Conference Call

Allscripts will conduct a conference call today, Thursday, August 5th, 2021, at 4:30 PM Eastern Time to discuss its earnings release and other information. Participants may access the conference call via webcast at http://investor.allscripts.com. Participants also may access the conference call by dialing +1 (877) 269-7756 or +1 (201) 689-7817 (international) and requesting Conference ID # 13721061.

A replay of the call will be available approximately two hours after the conclusion of the call, for a period of four weeks, on the Allscripts Investor Relations website or by calling +1 (877) 660-6853 or +1 (201) 612-7415 – Conference ID # 13721061.

Supplemental and non-GAAP financial information is also available at http://investor.allscripts.com.

Footnotes

(1)

Bookings reflect the value of executed contracts for software, hardware and other client services on a continuing operations basis.

(2)

In providing financial guidance, the company does not reconcile Adjusted EBITDA and free cash flow to the corresponding GAAP financial measures. Allscripts does not provide guidance for the various reconciling items since certain items that impact GAAP net income and operating cash flow such as acquisition-related amortization, asset impairment charges and restructuring and other costs, any of which may be significant, are outside of its control and/or cannot be reasonably predicted. Please see the “Explanation of Non-GAAP Financial Measures” at the end of this press release for detailed information on calculating non-GAAP measures. For a reconciliation of other non-GAAP financial measures, see the non-GAAP financial reconciliation tables in this release (Tables 4, 5 and 6).

NOTE: All percentage changes described within this press release are calculated from full dollar amounts as illustrated in the accompanying financial statements and Allscripts Supplemental Financial Data Workbook, posted on the Investor Relations website. Rounding differences may occur when individually calculating percentages or totals from rounded amounts included within the press release body compared to full dollar amounts in the tables.

About Allscripts

Allscripts (Nasdaq: MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations. To learn more, visit www.allscripts.com, Twitter, YouTube and It Takes A Community: The Allscripts Blog.

© 2021 Allscripts Healthcare, LLC and/or its affiliates. All Rights Reserved.

Allscripts, the Allscripts logo, and other Allscripts marks are trademarks of Allscripts Healthcare, LLC and/or its affiliates. All other products are trademarks of their respective holders, all rights reserved. Reference to these products is not intended to imply affiliation with or sponsorship of Allscripts Healthcare, LLC and/or its affiliates.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our 2021 outlook, profitability initiatives, strategic priorities and selling environment expectations. These forward-looking statements are based on the current beliefs and expectations of Allscripts management, only speak as of the date that they are made and are subject to significant risks and uncertainties. Such statements can be identified by the use of words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” “look forward,” “pipeline” and similar terms. Actual results could differ significantly from those set forth in the forward-looking statements, and reported results should not be considered an indication of future performance or events. Certain factors that could cause our actual results to differ materially from those described in the forward-looking statements include, but are not limited to: our ability to achieve the margin targets associated with our margin improvement initiatives within the contemplated time periods, if at all; the magnitude, severity and duration of the COVID-19 pandemic, including the impacts of the pandemic, along with the impacts of our responses and the responses by governments and other businesses to the pandemic, on our business, our employees, our clients and our suppliers; security breaches resulting in unauthorized access to our or our clients’ computer systems or data, including denial-of-services, ransomware or other Internet-based attacks; our use of the proceeds from the sale of our EPSi and CarePort businesses; the failure by Practice Fusion to comply with the terms of the settlement agreements with the U.S. Department of Justice (the “DOJ”); the costs and burdens of compliance by Practice Fusion with the terms of its settlement agreements with the DOJ; additional investigations and proceedings from governmental entities or third parties other than the DOJ related to the same or similar conduct underlying the DOJ’s investigations into Practice Fusion’s business practices; our ability to recover from third parties (including insurers) any amounts paid in connection with Practice Fusion’s settlement agreements with the DOJ and related inquiries; the expected financial results of businesses acquired by us; the successful integration of businesses acquired by us; the anticipated and unanticipated expenses and liabilities related to businesses acquired by us, including the civil investigation by the U.S. Attorney’s Office involving our Enterprise Information Solutions business; our failure to compete successfully; consolidation in our industry; current and future laws, regulations and industry initiatives; increased government involvement in our industry; the failure of markets in which we operate to develop as quickly as expected; our or our customers’ failure to see the benefits of government programs; changes in interoperability or other regulatory standards; our ability to maintain and expand our business with existing clients or effectively transition clients to newer products; the effects of the realignment of our sales, services and support organizations; market acceptance of our products and services; the unpredictability of the sales and implementation cycles for our products and services; our ability to manage future growth; our ability to introduce new products and services; our ability to establish and maintain strategic relationships; risks associated with investments and acquisitions; the performance of our products; our ability to protect our intellectual property rights; the outcome of legal proceedings involving us; our ability to hire, retain and motivate key personnel; performance by our content and service providers; liability for use of content; price reductions; our ability to license and integrate third-party technologies; risks related to global operations; variability of our quarterly operating results; risks related to our outstanding indebtedness; changes in tax rates or laws; business disruptions; our ability to maintain proper and effective internal controls; and asset and long-term investment impairment charges. Additional information about these and other risks, uncertainties, and factors affecting our business is contained in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Qs. We do not undertake to update forward-looking statements to reflect changed assumptions, the impact of circumstances or events that may arise after the date of the forward-looking statements, or other changes in our business, financial condition or operating results over time.

Table 1
Allscripts Healthcare Solutions, Inc.
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
 
June 30, December 31,

2021

2020

ASSETS
Current assets:
Cash and cash equivalents

$229.3

$531.1

Restricted cash

2.1

6.4

Accounts receivable, net

338.6

347.3

Contract assets

120.0

106.7

Income tax receivable

0.0

25.4

Prepaid expenses and other current assets

151.0

136.3

Total current assets

$841.0

$1,153.2

Fixed assets, net

59.1

72.2

Software development costs, net

182.8

193.2

Intangible assets, net

261.3

286.6

Goodwill

974.8

974.7

Deferred taxes, net

5.9

5.8

Contract assets – long-term

49.8

43.7

Right-of-use assets – operating leases

75.1

96.6

Other assets

90.5

91.6

Total assets

$2,540.3

$2,917.6

 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

$26.8

$35.9

Accrued expenses

88.8

100.2

Accrued compensation and benefits

94.2

118.8

Deferred revenue

364.0

334.8

Current operating lease liabilities

19.6

22.3

Current liabilities attributable to discontinued operations

2.7

322.8

Total current liabilities

596.1

934.8

Long-term debt

421.3

167.6

Deferred revenue

2.8

3.4

Deferred taxes, net

17.8

18.2

Long-term operating lease liabilities

71.6

93.5

Other liabilities

37.2

33.9

Total liabilities

$1,146.8

$1,251.4

Total stockholders’ equity

$1,393.5

$1,666.2

Total liabilities and stockholders’ equity

$2,540.3

$2,917.6

 
 
Table 2
Allscripts Healthcare Solutions, Inc.
Condensed Consolidated Statements of Operations
(In millions, except per share amounts)
(Unaudited)
 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

Revenue:
Software delivery, support and maintenance

$219.6

 

$223.6

 

$442.3

 

$455.7

 

Client services

154.1

 

145.7

 

299.8

 

295.0

 

Total revenue

373.7

 

369.3

 

742.1

 

750.7

 

Cost of revenue:
Software delivery, support and maintenance

69.4

 

71.1

 

140.1

 

144.2

 

Client services

122.6

 

131.2

 

240.7

 

279.4

 

Amortization of software development and acquisition-related assets (a)

30.0

 

29.4

 

59.5

 

57.5

 

Total cost of revenue

222.0

 

231.7

 

440.3

 

481.1

 

Gross profit

151.7

 

137.6

 

301.8

 

269.6

 

Selling, general and administrative expenses

79.1

 

109.9

 

160.8

 

202.7

 

Research and development

51.2

 

46.0

 

100.4

 

105.4

 

Asset impairment charges

5.2

 

0.0

 

5.2

 

0.0

 

Amortization of intangible and acquisition-related assets

5.8

 

6.3

 

11.6

 

13.0

 

Income (loss) from operations

10.4

 

(24.6

)

23.8

 

(51.5

)

Interest expense, net (b)

(2.7

)

(10.1

)

(5.5

)

(20.2

)

Other

16.4

 

15.2

 

17.1

 

15.3

 

Income (loss) before income taxes

24.1

 

(19.5

)

35.4

 

(56.4

)

Income tax (provision) benefit

(2.2

)

(2.0

)

(4.9

)

2.5

 

Income (loss) from continuing operations, net of tax

21.9

 

(21.5

)

30.5

 

(53.9

)

Income (loss) from discontinued operations

0.0

 

18.9

 

0.0

 

35.1

 

Gain (loss) on sale of discontinued operations

0.0

 

0.0

 

0.6

 

0.0

 

Income tax (provision) from discontinued operations

0.0

 

(4.9

)

(0.1

)

(9.1

)

Income (loss) from discontinued operations, net of tax

0.0

 

14.0

 

0.5

 

26.0

 

Net Income (loss) attributable to Allscripts Healthcare Solutions, Inc. stockholders

$21.9

 

($7.5

)

$31.0

 

($27.9

)

 
Income (loss) from continuing operations per share – basic

$0.16

 

($0.13

)

$0.22

 

($0.33

)

Income (loss) from discontinued operations per share – basic

$0.00

 

$0.08

 

$0.00

 

$0.16

 

Income (loss) per share – basic

$0.16

 

($0.05

)

$0.22

 

($0.17

)

 
Income (loss) from continuing operations per share – diluted

$0.15

 

($0.13

)

$0.21

 

($0.33

)

Income (loss) from discontinued operations per share – diluted

$0.00

 

$0.08

 

$0.00

 

$0.16

 

Income (loss) per share – diluted

$0.15

 

($0.05

)

$0.21

 

($0.17

)

 
Weighted average common shares outstanding:
Basic

136.6

 

162.7

 

138.4

 

162.6

 

Diluted

145.3

 

162.7

 

147.2

 

162.6

 

 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

 
(a) Amortization of software development and acquisition-related assets includes:
Amortization of capitalized software development costs

23.2

 

21.2

 

45.8

 

41.1

 

Amortization of acquisition-related intangible assets

6.8

 

8.2

 

13.7

 

16.4

 

Total amortization of software development and acquisition-related assets

$30.0

 

$29.4

 

$59.5

 

$57.5

 

 
(b) Interest expense are comprised of the following for the periods presented:
Interest expense

(1.1

)

(4.7

)

(2.4

)

(9.5

)

Interest income

0.3

 

0.3

 

0.7

 

0.8

 

Non-cash charges to interest expense

(1.9

)

(5.7

)

(3.7

)

(11.5

)

Interest expense, net

($2.7

)

($10.1

)

($5.5

)

($20.2

)

 
Table 3
Allscripts Healthcare Solutions, Inc.
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

Cash flows from operating activities:
Net income (loss)

$21.9

 

($7.5

)

$31.0

 

($27.9

)

Less: Income(loss) from discontinued operations

0.0

 

14.0

 

0.5

 

26.0

 

Income (loss) from continuing operations

$21.9

 

($21.5

)

$30.5

 

($53.9

)

Non-cash adjustments to net income (loss):
Depreciation and amortization

44.7

 

49.8

 

88.7

 

99.3

 

Non-cash lease expense, net

(3.4

)

(5.3

)

(2.5

)

0.2

 

Stock-based compensation expense

8.4

 

7.1

 

17.1

 

17.1

 

Deferred Taxes

1.0

 

5.3

 

(0.1

)

3.1

 

Asset impairment charges

5.2

 

0.0

 

5.2

 

0.0

 

Impairment (recovery) of long-term investments

0.0

 

0.6

 

0.0

 

0.6

 

Other (income) loss, net

(9.3

)

(18.4

)

(7.6

)

(19.7

)

Total non-cash adjustments to net income (loss)

46.6

 

39.1

 

100.8

 

100.6

 

Cash impact of changes in operating assets and liabilities:
Assets

(19.8

)

7.3

 

21.9

 

31.7

 

Liabilities

20.5

 

(9.6

)

(28.1

)

(25.1

)

Accrued DOJ settlement

0.0

 

(15.7

)

0.0

 

(73.0

)

Total cash impact of changes on operating assets and liabilities

0.7

 

(18.0

)

(6.2

)

(66.4

)

Net cash provided by (used in) operating activities – continuing operations

69.2

 

(0.4

)

125.1

 

(19.7

)

Net cash provided by (used in) operating activities – discontinued operations

(270.1

)

23.1

 

(321.5

)

38.7

 

Net cash provided by (used in) operating activities

(200.9

)

22.7

 

(196.4

)

19.0

 

Cash flows from investing activities:
Capital expenditures

(0.7

)

(2.0

)

(3.1

)

(4.8

)

Capitalized software

(17.4

)

(24.4

)

(35.5

)

(50.9

)

Cash received from sale of businesses

1.0

 

0.0

 

1.0

 

0.0

 

Purchases of equity securities, other investments and related intangible assets, net

0.0

 

(0.8

)

(0.2

)

(3.8

)

Sale of other investments

0.2

 

23.2

 

1.9

 

23.2

 

Distribution received from investments

1.4

 

0.0

 

1.4

 

0.0

 

Cash provided by (used in) investing activities – Continuing Operations

(15.5

)

(4.0

)

(34.5

)

(36.3

)

Cash provided by (used in) investing activities – Discontinued Operations

0.0

 

(2.4

)

0.0

 

(4.5

)

Net cash provided by (used in) investing activities

(15.5

)

(6.4

)

(34.5

)

(40.8

)

Cash flows from financing activities:
Taxes paid related to net share settlement of equity awards

(7.9

)

(2.3

)

(13.9

)

(5.5

)

Payments for issuance costs on 0.875% Convertible Senior Notes

0.0

 

0.0

 

0.0

 

(0.8

)

Repayment of Convertible Senior Notes

0.0

 

(7.3

)

0.0

 

(7.3

)

Credit facility payments

0.0

 

(87.5

)

0.0

 

(167.5

)

Credit facility borrowings, net of issuance costs

250.0

 

75.0

 

250.0

 

285.0

 

Repurchase of common stock

(109.0

)

0.0

 

(109.0

)

(9.7

)

Accelerated share repurchase program

(200.0

)

0.0

 

(200.0

)

0.0

 

Payment of acquisition and other financing obligations

(0.9

)

(1.5

)

(2.4

)

(4.4

)

Net cash provided by (used in) financing activities

(67.8

)

(23.6

)

(75.3

)

89.8

 

Effect of exchange rate changes on cash and cash equivalents

0.1

 

0.4

 

0.1

 

(0.3

)

Net increase (decrease) in cash and cash equivalents

(284.1

)

(6.9

)

(306.1

)

67.7

 

Cash, cash equivalents and restricted cash, beginning of period

515.5

 

212.1

 

537.5

 

137.5

 

Cash, cash equivalents and restricted cash, end of period

$231.4

 

$205.2

 

$231.4

 

$205.2

 

 
Table 4
Allscripts Healthcare Solutions, Inc.
Condensed Non-GAAP Financial Information
(In millions, except per share amounts and percentages)
(Unaudited)
 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

Gross profit, as reported

$151.7

 

$137.6

 

$301.8

 

$269.6

 

Acquisition-related amortization

6.9

 

8.2

 

13.8

 

16.4

 

Stock-based compensation expense

1.3

 

1.1

 

3.1

 

2.7

 

Restructuring and other

0.0

 

(1.2

)

0.0

 

3.0

 

Total non-GAAP gross profit

$159.9

 

$145.7

 

$318.7

 

$291.7

 

 
Income (loss) from operations, as reported

$10.4

 

($24.6

)

$23.8

 

($51.5

)

Acquisition-related amortization

12.7

 

14.5

 

25.4

 

29.4

 

Stock-based compensation expense

10.3

 

7.5

 

22.1

 

18.4

 

Restructuring and other

0.0

 

27.2

 

0.0

 

36.2

 

Total non-GAAP income from operations

$33.4

 

$24.6

 

$71.3

 

$32.5

 

 
Net income (loss) attributable to Allscripts Healthcare Solutions, Inc. stockholders, as reported

$21.9

 

($7.5

)

$31.0

 

($27.9

)

Loss (income) from discontinued operations

0.0

 

(18.9

)

0.0

 

(35.1

)

(Gain) on sale of business, net

0.0

 

0.0

 

(0.6

)

0.0

 

Income tax provision from discontinued operations

0.0

 

4.9

 

0.1

 

9.1

 

Income (loss) from continuing operations, net of tax

$21.9

 

($21.5

)

$30.5

 

($53.9

)

Acquisition-related amortization

12.7

 

14.5

 

25.4

 

29.4

 

Stock-based compensation expense

10.3

 

7.5

 

22.1

 

18.4

 

Restructuring and other

0.0

 

27.3

 

0.0

 

36.3

 

Non-cash charges to interest expense and other

(3.7

)

6.6

 

(2.4

)

12.4

 

Tax rate alignment

(8.2

)

(6.8

)

(14.4

)

(12.3

)

Non-GAAP net income attributable to Allscripts Healthcare Solutions, Inc.

$33.0

 

$27.6

 

$61.2

 

$30.3

 

 
Non-GAAP effective tax rate

24

%

24

%

24

%

24

%

 
Weighted shares outstanding – basic

136.6

 

162.7

 

138.4

 

162.6

 

Weighted shares outstanding – diluted

145.3

 

163.1

 

147.2

 

162.0

 

Less effect of convertible note hedges

(3.3

)

0.0

 

(2.9

)

0.0

 

Non-GAAP Weighted shares outstanding – diluted

142.0

 

163.1

 

144.3

 

162.0

 

 
GAAP Income (loss) from continuing operations per share – diluted

$0.15

 

($0.13

)

$0.21

 

($0.33

)

Non-GAAP Income (loss) per share – diluted

$0.23

 

$0.17

 

$0.42

 

$0.19

 

 
Table 5
Allscripts Healthcare Solutions, Inc.
Non-GAAP Financial Information – Adjusted EBITDA
(In millions, except percentages)
(Unaudited)
 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

Net income (loss) from continuing operations, as reported

$21.9

 

($21.5

)

$30.5

 

($53.9

)

Plus:
Interest expense and other, net (a)

(15.6

)

5.8

 

(15.4

)

10.2

 

Depreciation and amortization

44.7

 

49.8

 

88.7

 

99.3

 

Asset impairment charges

5.2

 

0.0

 

5.2

 

0.0

 

Equity in net (income) loss of unconsolidated investments

0.1

 

(16.8

)

0.1

 

(17.0

)

Tax provision/(benefit)

2.2

 

2.0

 

4.9

 

(2.5

)

EBITDA

$58.5

 

$19.3

 

$114.0

 

$36.1

 

Plus:
Stock-based compensation expense

10.3

 

7.5

 

22.1

 

18.4

 

Restructuring and other

0.0

 

27.3

 

0.0

 

36.3

 

Adjusted EBITDA

$68.8

 

$54.1

 

$136.1

 

$90.8

 

 
Adjusted EBITDA margin (b)

18.4

%

14.6

%

18.3

%

12.1

%

 
(a) Interest expense and other, net has been adjusted from the amounts presented in the statements of operations in order to remove the amortization of the fair value of the cash conversion option embedded in the 1.25% and 0.875% Cash Convertible Notes and deferred debt issuance costs from interest expense since such amortization is also included in depreciation and amortization.
 
(b) Adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenue.
 
Table 6
Allscripts Healthcare Solutions, Inc.
Non-GAAP Financial Information – Free Cash Flow
(In millions)
(Unaudited)
 
Three Months Ended June 30, Six Months Ended June 30,

2021

2020

2021

2020

Net cash provided by (used in) operating activities – continuing operations

$69.2

 

($0.4

)

$125.1

 

($19.7

)

Cash flows from investing activities:
Capital expenditures

(0.7

)

(2.0

)

(3.1

)

(4.8

)

Capitalized software

(17.4

)

(24.4

)

(35.5

)

(50.9

)

Free cash flow

$51.1

 

($26.8

)

$86.5

 

($75.4

)

Explanation of Non-GAAP Financial Measures

Allscripts reports its financial results in accordance with U.S. generally accepted accounting principles, or GAAP. To supplement this information, Allscripts presents non-GAAP gross profit, gross margin, income from operations, Adjusted EBITDA, Adjusted EBITDA margin, effective income tax rate, net income, diluted earnings per share and free cash flow, which are considered non-GAAP financial measures under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. The definitions of non-GAAP financial measures are presented below:

  • Non-GAAP gross profit consists of GAAP gross profit, as reported, and excludes acquisition-related amortization; stock-based compensation expense and restructuring and other costs. Non-GAAP gross margin consists of non-GAAP gross profit as a percentage of revenue in the applicable period. Reconciliations to GAAP gross profit are found in Table 4 within this press release.
  • Non-GAAP income from operations consists of GAAP income (loss) from operations, as reported, and excludes acquisition-related amortization; stock-based compensation expense; and restructuring and other costs.

Contacts

Investors:

Stephen Shulstein

312-386-6735

stephen.shulstein@allscripts.com

Media:
Tom Lynch

312-386-6765

tom.lynch@allscripts.com

Read full story here

Se questo articolo ti è piaciuto e vuoi rimanere sempre informato sulle novità tecnologiche
css.php