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.
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