Question-and-Answer Session
Operator
(Operator instructions) The first question comes from the line of Richard Close with Jefferies. Please proceed.
Richard Close – Jefferies
Hi, just curious with respect to the change in the revenue guidance, Marc if you could just elaborate, what was the biggest change that you guys made to I guess the components of the revenue?
Marc Naughton
Well, relative to Q2 in our mix, we're probably $12 million or so below our guidance level. I break that down to be about $8 million to $9 million of tech resale relative to what we had previously seen and what we were expecting and about $5 million of services, and even in that vein, travel was probably $1 million less than what have historically seen on a reimbursed travel basis.
Going forward, we’ve adjusted our revenue based on the fact that our expectation today is that demand [ph] from stimulus is going to be dependent more clarity around meaningful use or clarity around healthcare reform, and therefore probably will be more towards the end of the year in traditionally our largest quarter, which is Q4.
Richard Close – Jefferies
Okay, a question I guess for Mike would be, you mentioned a couple of times hospitals trying to save cash or hoarding cash to help out on their debt ratings, I think the Housing and Urban Development loosened some of the rules on profits in terms of their debt levels and their operating margins needed in order to get some additional debt. Have you heard from your clients about any positive changes on that front and whether things are improving for them, and so the new business that you're seeing at a multi-year high, is it likely to some of that loosening and benefit the second half of your year?
Michael Valentine
Okay, I will answer Part A. I haven't really heard much of that buzz in the marketplace, and quite honestly that would affect more so, I believe the installed base, the clients that are continuing journeys versus the ones that are starting. But I think we continue to see pretty conservative behavior on both sides of the – on both camps installed and some of the new footprints.
Your second part of the question, I think the biggest thing that is going to inspire the new footprints are the people who have to put in new infrastructure to meet the requirements of stimulus and meaningful use, that is going to be largely driven by the actual definition of meaningful use and how high of a bar it actually ends up at, and also the reform wild card as that plays out through the summer and maybe the rest of the year. So those are two larger things on the radar that they are watching in my new opinion as they are making the decisions.
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