IDX sales and earnings remain solid in 3Q of FY04
Inking a number of contracts and installations helped IDX Systems Corp. maintain revenue and earnings momentum in the third quarter of FY04, ending September 30.
Revenues increased 34 percent to $136.1 million, compared with $101.4 million in the third quarter of FY03. Net income was reported at $9.8 million, compared with a net income of $10.3 million in the year ago quarter.
For the nine-month period, revenues increased 26 percent to $369.0 million, compared with revenues of $292.2 million in the first nine months of FY03. The company recorded a net income of $19.4 million, compared with a net income of $19.4 million in the year-ago period.
Healthcare organizations that signed on with IDX for deployment of its systems and technologies include: the Diagnostic Division of HealthSouth, the University of Minnesota Physicians, Conemaugh Health Initiatives, Middletown Regional Hospital of Middletown, Ohio, and Thomas Jefferson University Hospital of Philadelphia, Pa.
Revenues increased 34 percent to $136.1 million, compared with $101.4 million in the third quarter of FY03. Net income was reported at $9.8 million, compared with a net income of $10.3 million in the year ago quarter.
For the nine-month period, revenues increased 26 percent to $369.0 million, compared with revenues of $292.2 million in the first nine months of FY03. The company recorded a net income of $19.4 million, compared with a net income of $19.4 million in the year-ago period.
Healthcare organizations that signed on with IDX for deployment of its systems and technologies include: the Diagnostic Division of HealthSouth, the University of Minnesota Physicians, Conemaugh Health Initiatives, Middletown Regional Hospital of Middletown, Ohio, and Thomas Jefferson University Hospital of Philadelphia, Pa.