Computer Programs & Systems Inc. Q1 2008 Earnings Call Transcript

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2008-04-25 08:46:08.0

Tags: Computer Programs & Systems Inc.

Question-and-Answer Session

Operator

Absolutely, sir. (Operator Instructions). Our first question comes from the line of Richard Close of Jefferies. Please go ahead, sir. Your line is open.

Richard Close - Jefferies

Yes. Congratulations on the good quarter. I wanted to touch base on the first quarter, the strengths there and then as that sort of falls into the second quarter guidance, which was below of what we were forecasting. Was there anything that you can point to that maybe led to the over achievement in the first quarter, was there something that you expected in 2Q that actually got or was completed in 1Q and allowed you to book higher revenue than originally anticipated?

Darrell West

No, Richard there was nothing unusual in the first quarter. Our add on sales remained strong, but there was nothing that moved forward to create those numbers. It was a little more upside than we had anticipated on revenue.

Richard Close - Jefferies

Okay.

Boyd Douglas

This is Boyd. On out side on the revenues the only thing that and this is little, obviously lot of little things added up to be a bigger upside than what we were anticipating, but we did install a few more. We did a few more Linux upgrades than we anticipated we were going today. So, that was a little bit of the upside, explaining a little bit of the upside.

Richard Close - Jefferies

Okay. And what on the average did those upgrades sort of cost the customer?

Darrell West

They were somewhere in the $80,000 range.

Richard Close - Jefferies

Okay. And so you did 31, what were those numbers again, 31 in the first quarter?

Boyd Douglas

No. We have 31 total now.

Richard Close - Jefferies

Oh 31.

Boyd Douglas

I don't have the number for what we did in the first quarter.

Richard Close - Jefferies

Okay, but you are expecting?

Boyd Douglas

More from this date between now and the end of the second quarter.

Richard Close - Jefferies

Okay. And then, so then, I guess maybe if you can walk us through the second quarter guidance, you gave us the systems that you are going to deploy, you expect to deploy in the next quarter, and I guess trying to understand how that part lays into the second quarter guidance, which is sequentially down?

Boyd Douglas

Well, first of all there is not as many of them, there is just five installations, and I believe that we will happen to now, yeah did six in the first quarter and the--

 

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