Allscripts-Misys 1Q Profit Edges Past Estimates

CHICAGO (AP) — Electronic health records maker Allscripts-Misys Healthcare Solutions Inc. reported an adjusted fiscal first-quarter profit ahead of Wall Street estimates on Tuesday.

The company said its profit rose to $12.9 million, or 9 cents per share, from $5.4 million, or 6 cents per share a year ago. Excluding one-time items, Allscripts-Misys said it earned 15 cents per share in the period ended Aug. 31. According to Thomson Reuters, analysts expected 14 cents per share.

Revenue reached $164.9 million from $92.8 million. Including a deferred revenue adjustment of $2.6 million, the company said its revenue came in at $167.5 million, compared with $164.7 million a year ago. The adjusted result from a year ago includes $81.8 million in revenue from Allscripts, and a loss of $9.9 million after the sale of company's prepackaged medication business.

Analysts expected $166.9 million in revenue. Their estimates typically exclude one-time items.

Allscripts-Misys was formed in October 2008, when an Allscripts subsidiary merged with U.K. software company Misys Healthcare Solutions. The year-ago results in the latest quarter are taken from Misys alone. The company also sold its prepackaged medication business in March. That division brought in $9.9 million in revenue a year ago.