Mediware Information Systems (NASDAQ:MEDW)

WEB NEWS

All | Comments & Business Outlook

Wednesday, September 7, 2011

Comments & Business Outlook

Fourth Quarter 2011 Results


Fiscal 2011 and 2010 Quarterly Earnings Operating Statement Highlights (in thousands):

	Quarter Ended June 30,
	2011		2010

Total Revenue	$	15,976	$	13,250
Gross Profit	$	10,527	$	8,894
Net Income	$	2,102	$	949
Earnings Per Diluted Share	$	0.25	$	0.12

Commenting on the results, company president and CEO, Thomas Mann, said: "I'm pleased to again report that Mediware has posted record revenue and earnings -- in both our quarterly and full year results. Revenue for the year climbed to almost $56 million, with an impressive $0.77 EPS. Effective operational management, new sales and our acquisitions all contributed to drive growth across all our key financial indicators.

"During the year the two Department of Defense contracts for our blood management software products provided a significant boost to new system sales as well as our overall performance. These products have tremendous momentum in the market. On another note, our April acquisition of CareCentric contributed positively in the fourth quarter."

"Promising growth from our base business as well as the assets that have been acquired and integrated into our overall portfolio contributed to our strong results," said Mr. Mann. "I'm pleased with the team's abilities to absorb new businesses and am confident that they are prepared as we consider the possibility of future transactions."

Permalink