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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