Profit Up, Sales Down for Eclipsys
Revenues fell slightly but profit soared for Eclipsys Corp. during the first quarter of 2010, which ended on March 31.
Revenues fell slightly but profit soared for Eclipsys Corp. during the first quarter of 2010, which ended on March 31.
The Atlanta-based company had net income of $5.4 million for the quarter, compared with a $900,000 loss during the same period last year. Expenses for sales and marketing, and general and administrative functions were considerably lower this year than the year-ago period. First quarter revenue fell 1.4 percent to $128.4 million.
The company during the quarter repaid $14 million in long-term debt, and paid another $15 million on April 30, bringing its long-term debt to zero. Eclipsys ended the quarter with $118.7 million in cash and $81.4 million in long-term investments. More information is available at eclipsys.com.
--Joseph Goedert
The Atlanta-based company had net income of $5.4 million for the quarter, compared with a $900,000 loss during the same period last year. Expenses for sales and marketing, and general and administrative functions were considerably lower this year than the year-ago period. First quarter revenue fell 1.4 percent to $128.4 million.
The company during the quarter repaid $14 million in long-term debt, and paid another $15 million on April 30, bringing its long-term debt to zero. Eclipsys ended the quarter with $118.7 million in cash and $81.4 million in long-term investments. More information is available at eclipsys.com.
--Joseph Goedert
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