Computer Programs & Systems (CPSI) Misses Q1 EPS by 6c
Computer Programs & Systems (NASDAQ: CPSI) reported Q1 EPS of $0.49, $0.06 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $46.2 million versus the consensus estimate of $48.36 million.
Commenting on the quarter, Boyd Douglas, president and chief executive officer of CPSI, said, “There is no doubt the healthcare IT market is in somewhat of a lull, comparatively speaking, when evaluated against the past few years of activity resulting from the government’s electronic health record (EHR) adoption program. However, we believe this to be a short-term situation, and our installation numbers for the second quarter of the year are bearing that out as we have seven full hospital EHR implementations and 15 implementations of our recently released Emergency Department Information System (EDIS) already scheduled in the quarter.”
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