The numbers have been released and revenue growth is stagnant yet bookings are “record high”. How does this company manage that?
6 replies (most recent on top)
You’re wrong headed about MDRX ESPP. I banked +34% last year. The discount and look back feature is a plus. Blackout periods increase difficulty but patience pays handsomely.
Hey now.. Record bookings, this is like 38 quarters out of 40 with record bookings... Your managers, direct and upper, are ALL receiving bonuses , so be it, much smaller but they still make extra $$$ making the associate monkeys do their tricks while the associates go with out raises. They sell extended contracts over many years, further out then normal, so the SAID amount looks much higher but what trickles in each year for the said contract is very small... They hid where the "record" bookings came from once again. My direct leaders , who moved onto directors and VPs have no business being in a software company. Zero experience , when they were hired, all the wrong experience , ( physical education ) the list goes on... You have family , friends who became "upper leadership" in may areas Many in RD have zero Software/IT/Computer experience but are SME, directors or VPs in RD? If it was NOT such a great train wreck to watch and listen too, I would have been gone along time ago... or maybe I am.. working remote, the clueless A$$s don't know.. dual checks... Allscripts is the office on steroids …. lots of WTFs...lol
Come find me at one of the local bars near NH. Working remote, only 20 mins , (miles or time? ) from work... Wi-Fi...play the "numbers game".... "work late" perfect job...
Catch-me if you can:-) I DONT CARE and nether should Anyone working at Allscripts.
Allscripts posted $286 million in bookings for the first quarter of 2019, up 9 percent year over year. Revenue tends to be stagnant as typically by the time bookings is earned in the future, the expense has increased. Specially when forced to make sales at cut throat cheap prices, which is only profitable if everything is offshored, or if management cuts back on their bonuses. Most no longer receives bonuses, except for sales and upper management for making sales with bad agreements that leads to eventual loss during implementation. Not to mention with so many product lines, its often feels like everyone is trying to work the same problem but quietly and separately thinking if their work is secretive enough their job will be protected.
Good question. Bottom line for Allscripts is.... debt. Continues to grow with them. Buybacks. Significantly delayed payments to suppliers, major cuts in capital expenditures. Same old tune. Maybe they can start maxing out corporate credit with companies like Amex or PayPal to pay bills.
Practice Fusion and Healthgrid are another dog in the pound with the same fleas like McKesson. Hope they suspended employee stock purchase. Nobody internal should be dumb enough to buy into this lot.
Allscripts accountants must be from McKesson/EIS. We have seen this movie before and know exactly how it will end.
Smoke and mirrors as usual