Athenahealth posts $323.3M in Q2 revenue: 4 things to know

Watertown, Mass.-based athenahealth saw an eventful second quarter, including the departure of its co-founder and CEO Jonathan Bush and a takeover bid by activist investor Elliott Management, but the the drama didn't shake up the health IT vendor's earnings results.  

Here are four highlights from athenahealth's second quarter earnings results:

1. The company posted $323.3 million in revenue for the three months ended June 30, up 10 percent from the same period last year.

2. The company's net income was $44.6 million, a significant increase from $20.5 million in net income reported during the second quarter of 2017.

3. Athenahealth spent $128.2 million on operating expenses, down from $145.1 million during the same period one year prior.

4. The company's diluted earnings per share for the second quarter was $1.09, compared to $0.51 during the same period last year.

The athenahealth board of directors is still deciding whether to sell, merge or continue as an independent company, Jeff Immelt, former GE CEO who now serves as athenahealth's executive chairman, said during the company's second quarter earnings call, according to the Politico Morning eHealth newsletter.

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