Eclipsys sees rise in revenue

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Eclipsys Corporation released Q1 results with revenues up by 12 percent to $113 million, compared with revenues of $100.9 million Q1 2006. On a GAAP basis, Q1 net income was $2.4 million in 2007 compared to a net loss of ($8.0) million during the quarter in 2006.

The company’s net income for the quarter of 2007 included stock-based compensation expense of $2.8 million. Excluding this charge, the company's non-GAAP net income was $5.2 million.  The company’s net income in Q1 2006, excluding charges, was $2.1 million.