Allscripts (MDRX) Misses Q1 EPS by 6c, Revenues Miss; Withdraws FY20 Guidance

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Go back to Allscripts (MDRX) Misses Q1 EPS by 6c, Revenues Miss; Withdraws FY20 Guidance

Allscripts Announces First Quarter 2020 Results

May 7, 2020 4:01 PM EDT

First quarter 2020 bookings of $205 million, above high end of outlook range

CHICAGO--(BUSINESS WIRE)-- Allscripts Healthcare Solutions, Inc. (Nasdaq: MDRX) (Allscripts) announced its financial results for the three months ended March 31, 2020.

Bookings(1) were $205 million in the first quarter of 2020. This result compares with $286 million in the first quarter of 2019. Contract revenue backlog totaled $4.5 billion as of March 31, 2020.

First quarter 2020 revenue was $417 million compared with $432 million in the first quarter of 2019.

On a GAAP basis in the first quarter of 2020 total operating expenses were $166... More