Meditech posts $480M in year-end revenue, up 4% from 2016: 4 things to know

Meditech recently filed its annual financial report with the U.S. Securities and Exchange Commission for its fiscal year ended Dec. 31, 2017.

Here are four things to know about the company's year-end performance.

1. Meditech posted $480.9 million in combined product and service revenue for full-year 2017, up 4 percent from $462.26 million in 2016.

2. In 2017 Meditech experienced a $27.1 million increase in product revenue driven primarily by higher product bookings, offset by a $8.4 million decrease in service revenue.

3. The company reported $63.98 million in operating income during 2017, down 8 percent from $69.89 last year.

4. Meditech posted a net income of $77.43 million, up 6 percent from $72.89 million one year prior.

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