Allscripts Stock Rises on Optimistic 2-Year Outlook

A better-than-expected forecast from electronic health record vendor Allscripts about the company's projected revenue over the next two years caused its stock to jump 9 percent Wednesday.

On Tuesday, a regulatory filing revealed Allscripts expects its adjusted revenue to grow between 5 and 8 percent from 2014 to 2016, higher than the 5 percent growth analysts were expecting, according to an NBC News report.

Although Allscripts' bookings were down in 2012 and early this year, the company got a boost from increased business in the past two quarters. Allscripts' biggest customer, Great Lake, N.Y.-based North Shore-LIJ Health System, also extended its contract, according to the report.

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