IDX Systems reported first-quarter revenues of $76.7 million, up 10% over the $69.7 million reported last year. The revenue increase wasn't enough to trim the firm's net loss, however. For the period (end-March 31), the Burlington, VT-based IDX posted a net loss of $10.5 million, compared with a net loss of $8.6 million in the same period in 1999. The company said it expects continued sales volatility through the end of this year due to long sales cycles, as well as market uncertainty related to implementation of the Balanced Budget Amendment and delays in impending government regulations related to the Health Insurance Portability and Accountability Act.
By AuntMinnie.com staff writersApril 21, 2000
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