Public HIT Vendors Report Results
Publicly held health information technology vendors are starting to report financial results for their most recent quarter. Among the early reporters:
Publicly held health information technology vendors are starting to report financial results for their most recent quarter. Among the early reporters:
* Third quarter net income for Cerner Corp. rose 29 percent to $78.8 million compared with the same period a year ago, as revenue increased 24 percent to $571.6 million.
* Community hospital information systems vendor Computer Programs and Systems Inc. saw little revenue growth but big gains in net income during its third quarter. Revenue increased only 2.8 percent to $42 million over the third quarter of 2010, but profit spiked 22.5 percent to $6 million. The company, as customary, will pay shareholders a quarterly cash dividend of 36 cents per share.
* Next generation versions of its medication and supply management applications helped ancillary hospital vendor Omnicell increase third quarter net income to $3 million, compared with $1.3 million during the same period a year ago. Revenue rose more than 14 percent to $64.4 million.
* Quality Systems Inc., whose results primarily come from its NextGen product line, saw fiscal 2012 second quarter net income rise 53 percent to $20.5 million. Quarterly revenue hit $107.6 million, up 32 percent from the same period in fiscal 2011.
* Third quarter net income for Cerner Corp. rose 29 percent to $78.8 million compared with the same period a year ago, as revenue increased 24 percent to $571.6 million.
* Community hospital information systems vendor Computer Programs and Systems Inc. saw little revenue growth but big gains in net income during its third quarter. Revenue increased only 2.8 percent to $42 million over the third quarter of 2010, but profit spiked 22.5 percent to $6 million. The company, as customary, will pay shareholders a quarterly cash dividend of 36 cents per share.
* Next generation versions of its medication and supply management applications helped ancillary hospital vendor Omnicell increase third quarter net income to $3 million, compared with $1.3 million during the same period a year ago. Revenue rose more than 14 percent to $64.4 million.
* Quality Systems Inc., whose results primarily come from its NextGen product line, saw fiscal 2012 second quarter net income rise 53 percent to $20.5 million. Quarterly revenue hit $107.6 million, up 32 percent from the same period in fiscal 2011.
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