Software developer VitalWorks reported first-quarter revenues of $28 million, up 10.2% from the $25.4 million reported in the first quarter last year. For the period (end-March 31), the Ridgefield, CT-based vendor had record net income of $7.6 million, compared with a net loss of $19.1million in the first quarter of 2001.
Revenue growth was driven by software sales, which grew 26%, according to the company. Looking ahead, VitalWorks said it expects to have second-quarter revenues of approximately $29 million, with net income of approximately $3.8 million. The vendor estimates it will have 2002 revenues of approximately $120 million, with net income of $19.5 million.
By AuntMinnie.com staff writersApril 26, 2002
Related Reading
VitalWorks unveils new RIS, April 12, 2002
VitalWorks secures new credit deal, March 14, 2002
Fuji and VitalWorks sign RIS/PACS deal, January 29, 2002
VitalWorks builds client list, December 4, 2001
VitalWorks cuts loss in third quarter, November 1, 2001
Copyright © 2002 AuntMinnie.com
