Meditech revenue dips 3% in Q2: 4 things to know

Meditech released its earnings results for the second quarter of 2017, which ended June 30.

Here are four things to know about the company's performance.

1. Meditech posted $116.72 million in revenue for the second quarter, down 3.3 percent from $120.73 million one year prior.

2. The company's product revenue dropped by $2.1 million, or 5.6 percent, which Meditech attributed to delays in implementations. Its services revenue also decreased by $1.9 million, or 2.3 percent.

3. Meditech reported $13.25 million in operating income, down 26.9 percent from $18.13 million.

4. The company posted net income of $14.52 million, down 10.6 percent from $16.24 million.

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