Misys Healthcare Systems Reports Revenue, Profit Growth; Interim Financial Results Show Solid Increases in Software Orders.RALEIGH, N.C. -- Misys Healthcare Systems, a leader in healthcare IT, today announced its mid-fiscal year financials, revealing growth in revenue, profits and order intake. For the six-month period ending Nov. 30, 2004, Misys Healthcare Systems' revenue grew 4 percent, when compared to the same period the previous year, to $263 million. Operating profits(a) rose 3 percent to $36 million. Reported results were benefited from the August 2003 acquisition of Misys CPR Cardiopulmonary Resuscitation (CPR) Definition Cardiopulmonary resuscitation (CPR) is a procedure to support and maintain breathing and circulation for a person who has stopped breathing (respiratory arrest) and/or whose heart has stopped (cardiac (TM), a computerized patient record and computerized physician order entry solution. Underlying growth in revenue and profit excluding the incremental impact of Misys CPR was 2 percent and 7 percent, respectively. Misys Healthcare Systems also noted an increase in ILF ILF - Independent Logical File (initial license fee) order intake - up 10 percent when compared to the same period the previous year. A continued strong demand for Misys EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. (TM), Misys' flexible electronic medical record system and a part of the Misys Optimum(TM) family of clinical products, was a key factor to its growth in ILF order intake. "With more healthcare organizations seeing the benefits of electronic health records, and with the government's added visibility to these systems, we've seen strong growth for EHR (Electronic Health Records) Computerized medical records that bring patient care into the digital age and save time, money and lives. The push to adopt comprehensive electronic documentation between doctors' offices and hospital settings intensified after the RAND products," said Misys Healthcare Systems CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tom Skelton. "That, combined with solid sales for our hospital departmental offerings, homecare solutions and practice management systems, helped fuel our success." (a) NOTE: Operating profits adjusted for goodwill amortization. About Misys Healthcare Systems Misys Healthcare Systems, one of the top five healthcare IT companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare. With 25 years of industry experience, Misys currently serves more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals, 600 home care providers and hundreds of commercial laboratories, clinics, managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality and other related organizations. Misys' family of leading clinical products and Web-based technologies - Misys Optimum(TM) solutions - are designed from the ground up to share patient data across all medical care settings. Misys Optimum connects community-based physicians and caregivers to the acute care enterprise, enabling increased efficiencies, better decision-making and improved hospital-physician relations. For more information, visit www.misyshealthcare.com. About Misys plc Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Sesame, it also provides business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in to services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs over 6,000 people internationally. For more information, visit www.misys.com. |
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