- In addition to beating Q2 revenue estimates (while reporting in-line EPS), Allscripts (NASDAQ:MDRX -1.8%) reported its bookings rose 9% Y/Y to $214M (better than rev. growth of 2%). However, contract revenue backlog fell by $100M Q/Q to $3.3B.
- When asked about the company's professional services backlog decline on the CC (transcript), CFO Richard Poulton stated re-classification between professional services and transaction processing had an effect, and did a request to employees to "really scrub the project list" that goes into backlog estimates.
- Gross margin fell 20 bps Y/Y to 43.8%, and opex declined 6% with the help of job cuts.
- Transaction processing/other revenue +9% to $149.6M, maintenance -2% to $113.6M, professional services +5% to $62.3M, systems -21% to $25.8M.
-
Q2 results, PR