NextGen Healthcare (NXGN) Reports In-Line Q1 EPS, Lowers FY Guidance

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NextGen Healthcare Reports Fiscal 2023 First Quarter Results

July 26, 2022 5:03 PM EDT

ATLANTA--(BUSINESS WIRE)-- NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced its operating results for the fiscal first quarter ended June 30, 2022.

Fiscal 2023 First Quarter Highlights

Total revenue was $153.3 million compared to $146.1 million for the same period a year ago, or 5% growth. Recurring revenue was $139.8 million compared to $132.4 million for the same period a year ago, or 6% growth. Recurring revenue accounted for 91% of total revenue. Subscription services revenue was $42.8 million compared to $38.3 million for the same... More