Allscripts reported a 6% year-over-year increase in bookings, reaching $312 million in Q4 2019. GAAP revenue increased to $451 million, while a GAAP net loss of $19 million was reported, contrasting with the previous year's net income. The company also extended its managed services agreement with Northwell Health and saw its contract revenue backlog rise to $4.4 billion.
Allscripts Q4 2019 bookings increased by 6% year-over-year, reaching $312 million.
The company extended its Allscripts Managed Services Agreement with Northwell Health through 2026.
Contract revenue backlog increased by $500 million, totaling $4.4 billion at the end of Q4.
Rick Poulton was named President and Chief Financial Officer, effective March 3, 2020.
Allscripts provided financial outlook for the full year 2020 and first quarter 2020.
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