AllScripts, WebMD Health surge forward

The markets took note as AllScripts released first quarter numbers that show improvement in the company's software business. Revenue from software and related services nearly doubled to $28.3 million. Allscript's shares were up ten percent today, rising to $19.85 before showing signs of cooling. Despite some versions that suggest that earnings were below expectation, investors appear to be cheered by increased future earnings forecasts. AllScripts acquired A4Health Systems in January. The company provided the Emergency Department System which Midland Memorial Hospital announced it will purchase yesterday

WebMD Health shares rose five percent yesterday on word that the company is making good on its growth projections. WebMD Health says unique monthly users to its network increased 23 percent to 29.2 million, with total traffic of 746 million page views during the quarter, up 27 percent from a year ago.

- see this article from Smart Money.com

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