Allscripts achieves record first quarter bookings, posts revenue increase

For the first quarter of 2016, health IT company Allscripts reported $252 million in bookings, a record level for a year's first quarter for the company, and a 7 percent increase over last year's $236 million.

Additionally, Allscripts first-quarter revenue was $346 million, a 3 percent increase from the previous year's $335 million.

The company posted a $2 million net income attributable to Allscripts stockholders, a turnaround from the previous year's first quarter $10 million loss.

"Allscripts is off to a strong start for the year, executing a fifth consecutive quarter of record bookings," said Paul Black, CEO of Allscripts, in an earnings statement. "Additionally, all key financial metrics grew compared to the first quarter of 2015. Our financial position continually strengthens as we deliver innovative, high-value solutions to the market. As a result, clients are expanding the depth and breadth of their commitment to Allscripts as a critical long-term strategic partner in delivering world-class health services."

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