Allscripts has announced its Q4 and FY 2014 financial results, indicating a slight decline for the quarter but a slight increase for the year compared to last year.
Allscripts' Q4 revenue was $343 million on a non-GAAP basis and $341 million on a GAAP basis, compared to $354 million and $351 million, respectively, from Q4 2013. This indicates a decline of 3 percent.
However, Allscripts reported an 8 percent increase of adjusted EBITDA from $49 million in Q4 2013 to $52 million in Q4 2014.
For the full year, Allscripts' revenue increased only slightly, from $1.38 billion on a non-GAAP basis and $1.37 billion on a GAAP basis in Q4 2013 to $1.39 billion on a non-GAAP basis and a $1.38 billion on a GAAP basis.
The company's net income (non-GAAP) demonstrated higher growth, from $48 million in 2013 to $56 million in 2014.
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