Allscripts Issues 2016 Guidance - Quick Facts

(RTTNews) - Allscripts Healthcare Solutions, Inc. (MDRX) announced, for 2016, the company expects: revenue between $1.430 billion and $1.460 billion; adjusted EBITDA between $265 million and $285 million; and non-GAAP earnings per share between $0.55 and $0.62 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.58 on revenue of $1.48 billion. Analysts' estimates typically exclude special items.

Bookings were $343 million in the fourth quarter 2015, a corporate record, compared with $244 million in the fourth quarter of 2014, a 41 percent increase. The company said it has experienced strong demand for software and services across all client segments including health systems, hospitals, physician practices and the post-acute market.

Recurring revenue, consisting of subscriptions, recurring transactions, support and maintenance, and recurring managed services, increased five percent compared with the fourth quarter of 2014. Non-recurring revenue, consisting of systems sales and other project-based client services revenue, declined 13 percent, compared with the fourth quarter of 2014.

Adjusted EBITDA increased to $65 million in the fourth quarter of 2015, a 24 percent increase compared with the fourth quarter of 2014.