Burlington, VT-based IDX Systems reported 2001 revenues of $380 million, up 11% from the $342 million posted in 2000. For the period (end-December 31), the healthcare information systems vendor had a net loss of $8.6 million, including one-time events and costs related to the firm's ownership interest in Allscripts. In 2000, IDX had a net loss, including one-time events, of $36 million.
In the fourth quarter the firm posted revenues of $100 million, up 2% compared with the $98 million reported in the same period last year. Including one-time events, IDX had a quarterly loss of $13.8 million, compared with net income of $1.3 million in the fourth quarter of 2000.
Looking ahead, IDX CEO Richard Tarrant said the firm remains comfortable with its previous revenue guidance of $430 million to $450 million in sales for 2002. In addition, the company is raising its earnings-per-share guidance from 40¢ per share to 45¢ per share, thanks to an anticipated lower tax rate from utilization of research-related tax credits.
By AuntMinnie.com staff writersFebruary 7, 2002
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