Cerner reports Q2 results: revenue increased 32 percent to $1.13 billion, adjusted EPS $0.52 vs. $0.40, missing analyst estimates for revenue and reporting a 53 percent increase in operating expenses.
Allscripts reports Q2 results: revenue was flat at $352 million vs $351 million for Q2 2014, adjusted EPS $0.12 vs. $0.09. Bookings for the quarter increased 11 percent to $260 million, but the company still posted a net loss of $3.2 million.
Meditech reports Q2 results: revenue falls 16 percent to $117 million, EPS of $0.46 vs. $0.63. Service revenue increased five percent to $80 million, while sales revenue dropped 42 percent to $37 million for the quarter.
In England, Papworth Hospital NHS Foundation Trust rescinds its Epic selection following recently reported problems with the Epic install at Cambridge University Hospitals. Papworth had entered into a joint procurement process with Cambridge in 2012 and was slated to install Epic in 2016.