Allscripts reported modest revenue growth in the second quarter and missed expectations for profits, but raised financial guidance for the rest of the year and saw its stock price rise more than 18 percent in morning trades on August 9.
The vendor had quarterly revenue of $370 million, up 3.7 percent from the same period a year ago. Net income dropped 50 percent to $8 million, and non-GAAP earnings per share of 16 cents missed expectations by two cents.
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