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Mediware – MEDW – Reports earnings of $0.90 cents per share on revenues of more than $64 million

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Mediware Information Systems, Inc. (NASDAQ: MEDW), a provider of comprehensive healthcare software solutions, reported that revenues for the fourth quarter of the 2012 fiscal year, ended June 30, 2012, were $16.7 million, a four percent increase over the $16.0 million reported for the year ago quarter. Earnings per share for the fourth quarter rose to $0.29, compared to the $0.25 per share reported in the same period in fiscal 2011.

For the full year Mediware reported total revenue of $64.6 million, a 16 percent increase over the $55.5 million reported for the previous fiscal year. Earnings per share for the fiscal year were $0.90, a 17 percent increase over the $0.77 per share generated in fiscal 2011. /

Commenting on the company’s performance, president and CEO, Thomas Mann, said: “I’m pleased to report that we have continued to grow both revenue and earnings for the business on the strength of several of our products lines. Revenue for the year exceeded $64 million, producing a $0.90 EPS. These results were driven by several significant new contracts, ongoing work with the Department of Defense, and the continued effectiveness of our operational management programs.”

MEDW – Highlights for the quarter include:

  • MEDW – Total revenue of $16.7 million.
  • Operating income increased 33 percent to $3.9 million, from $3.0 million in the year ago quarter.
  • Earnings per share increased to $0.29 from the $0.25 reported in the year ago quarter.

MEDW – Highlights for full year include:

  • Total revenue of $64.6 million.
  • Operating income increased 25 percent to $11.1 million, from $8.9 million in the prior year.
  • Earnings per share increased to $0.90, from the $0.77 reported in the prior year.
  • Cash increased to $40.2 million.

About Mediware – MEDW

Mediware (MEDW) delivers interoperable best of breed software systems that improve efficiencies and address safety concerns to enable healthcare organizations to improve care processes while decreasing costs. Core Mediware solutions include blood management technologies for hospitals and blood centers; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and business intelligence based performance management solutions for clinical, regulatory and financial aspects of the broader healthcare market.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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