Vendors Report Quarterly Results

The quarterly financial performance reporting period has started for publicly owned companies. Results for health care information technology vendors that have reported in recent days include:

* Cerner Corp., which saw third quarter 2010 net income rise 26 percent to $60.9 million as revenue increased 13 percent to $462.7 million;

* McKesson Corp.'s technology solutions unit, which had second quarter FY 2011 operating profit fall 88 percent to $14 million after taking a $72 million impairment charge based on anticipated lower financial performance of its Horizon Enterprise Revenue Management system. Absent the charge, operating profit fell 26 percent while revenue dropped 3 percent, primarily from the sale of Asian assets, to $770 million;

* Athenahealth Inc., which saw third quarter 2010 net income of $3.8 million compared with $1.2 million a year earlier, while revenue rose 33 percent to $63.1 million; and

* Quality Systems Inc. (parent of NextGen), which saw FY 2011 second quarter net income rise 14 percent to $13.4 million while revenue increased 14 percent to $81.5 million.

--Joseph Goedert