athenahealth Initiates Process to Explore Strategic Alternatives, Including Search for New Chief Executive Officer

Wednesday, June 6, 2018 General News
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Jonathan Bush Steps Down as President, CEO and Director of athenahealth; Jeff Immelt Appointed Executive Chairman; CFO Marc Levine to Assume Additional Operational Responsibilities; Board Member Dr. Amy Abernethy to Advise Executive Leadership Team on Data Strategy

(unaudited, in millions)

Previous Revenue Standard

LOW

HIGH

Fiscal Year Ending December 31, 2018

Total revenue

$

1,310

$

1,380

GAAP operating income

$

108

$

152

GAAP operating margin

8.2

%

11.0

%

Add: Stock-based compensation expense

61

50

Add: Amortization of capitalized stock-basedcompensation related to software development

2

2

Add: Amortization of purchased intangible assets

20

19

Add: Integration and transaction costs

13

10

Add: Exit costs, including restructuring

6

2

Non-GAAP Operating Income

$

210

$

235

Non-GAAP Operating Margin

16.0

%

17.0

%



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