Publicly held information technology companies continue to release their most recent quarterly financial reports. Among them:
* Allscripts reported substantially higher revenue but lower net income for the first quarter of 2011, as year-ago figures do not include Eclipsys Corp., which was acquired last August. First quarter revenue rose 82 percent to $335.5 million, while income dropped 32 percent to $12.6 million. In the first two full quarters since the Eclipsys buy, bookings have increased by 22 percent over the same time period a year ago.
* Claims clearinghouse and revenue cycle management vendor Emdeon Inc. saw net income during the first quarter of 2011 increase 71 percent to $7.3 million. Revenue rose a more modest 14 percent to $271.5 million. The company recently acquired Medicaid eligibility and enrollment firm Chamberlin Edmonds and is beginning to see success in cross-selling the services, says CEO George Lazenby.
* CareFusion had slow revenue growth but net income strongly rebounded during the third quarter of fiscal 2011. Profit of $45 million in the quarter contrasted with a $9 million loss during the same time a year ago. Revenue increased 4 percent to $867 million, with critical care sales up 5 percent to $661 million while the medical technologies and services unit dropped 1 percent to $206 million.
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