Computer Programs & Systems (CPSI) Misses Q2 EPS Views; Approves Variable Dividend Policy

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CPSI Announces Second Quarter 2016 Results

August 4, 2016 4:09 PM EDT

Company Announces Quarterly Cash Dividend of $0.34 Per Share

MOBILE, Ala.--(BUSINESS WIRE)-- CPSI (NASDAQ: CPSI):

Highlights for Second Quarter 2016:

Revenues of $68.4 million; Quarterly bookings of $24.2 million; GAAP earnings per diluted share of $0.15 and non-GAAP earnings per diluted share of $0.48; GAAP net income of $2.0 million and Adjusted EBITDA of $14.7 million; Cash used in operations of $9.3 million; and Quarterly dividend of $0.34 per share.

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