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Allscripts Healthcare Solutions, Inc Q1 2008 Earnings Call Transcript

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2008-04-30 17:26:09.0

Tags: Allscripts Healthcare Solutions

Question-and-Answer Session

Operator

(Operator Instructions).

Your first question comes from Atif Rahim from J.P. Morgan.

Atif Rahim

Hi thanks. Glen, could you perhaps give us some more clarity on whether there were any outsize deals this quarter that drove your bookings – perhaps anything some of the enterprise deals we have seen in past. And then secondly for Bill, could you quantify the pressure that you expect to see on ’08 revenues, I know you said the 20 to 25% is kind of a stretched outlook but any updated forecast there?

Glen Tullman

Sure Atif. Let me first take the enterprise question. I was very encouraged that while we continue to have a strong pipeline of large enterprise wide deals and I am talking about deals kind of in the Colombia size range. This quarter we did not include any of those which I think speaks to the strength of the pipeline that we could deliver, the quarter that we did deliver in the first quarter and not depend on any of the larger agreements. We've said in the past that it's important not to base the quarterly numbers off of those large agreements and hopefully used on dice and that was the case this quarter. So this quarter does not include any of the larger kind of mega deals that we’ve talked about. Bill?

Bill Davis

Yeah, relative to the revenue question, I do think that it would premature to do that and I think we will benefit from a little bit more time. And again just to reiterate, I understand that the revenue will likely come under some pressure and it would be challenging to get to that level but would intend to kind of update the market as we have some more experience behind us.

Atif Rahim

Okay understandable. And then just one quick clarification for the transaction related expenses that you highlight those e are all related Misys right and none related to ESIN?

Bill Davis

That’s correct.

Atif Rahim

Okay thank you.

Operator

Your next question comes from Corey Tobin from William Blair and Company.

Corey Tobin

Hi good afternoon guys. Quick question on bookings, should we expect to see the same traditional ramp that we have seen in bookings in the past which is to say should we expect bookings, so there is a pipeline support bookings ramping from the level that we saw in Q1?

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