athenahealth, Inc. Revenue Growth Accelerated in Second Quarter
Once upon a time, athenahealth, Inc. (NASDAQ: ATHN) could do no wrong in the eyes of investors. The provider of cloud-based healthcare applications routinely announced year-over-year sales growth of 30%. Some of the company's previous success, though, was fueled by federal financial incentives to healthcare providers that are no longer available.
Athenahealth's first-quarter results announced in May underscored the new reality that the company faces. Revenue was up, but by only a little more than 11% -- a fraction of Athenahealth's growth in its heyday. All eyes were on the company on Thursday when it reported its second-quarter 2017 results. Here are the highlights.
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Source: Fool.com
