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nextgen NextGen Healthcare Reports Fiscal 2022 Second Quarter Results October 28 , 2021 0 healthcare Raises Fiscal 2022 Financial Guidance ATLANTA -- ( BUSINESS WIRE ) -- Oct . 28 , 2021-- NextGen Healthcare , Inc. ( Nasdaq : NXGN ) , a leading provider of ambulatory - focused technology solutions , today announced its operating results for the fiscal second quarter ended September 30 , 2021 . Fiscal 2022 Second Quarter Highlights • Total revenue for the fiscal 2022 second quarter was $ 149.3 million compared to $ 140.0 million for the same period a year ago , or 7 percent growth . • Recurring revenue accounted for 91 percent of total revenue , or $ 135.6 million , growing 8 percent over the year ago period . • Subscription services revenue in the fiscal second quarter generated $ 41.1 million , or 12 percent growth over the prior year period , driven by demand for patient experience - related solutions . • Managed services , which includes revenue cycle management and cloud services , generated revenue of $ 29.5 million , a 13 percent growth over fiscal 2021 second quarter as patient volumes rebounded . • Fiscal 2022 quarter bookings , which reflects annual contract value , was $ 39.1 million , 25 percent higher than the prior year period . • Fully diluted net loss per share in the fiscal 2022 second quarter was $ 0.10 compared to net income of $ 0.16 per share the same period a year ago . Fiscal 2022 second quarter includes $ 22.1 million related to the proxy contest and the Hussein litigation . • On a non - GAAP basis , fully diluted earnings per share for the fiscal 2022 second quarter was $ 0.29 compared to $ 0.30 for the same period a year ago . • Appointed David Sides as President and Chief Executive Officer effective September 22 , 2021 . • At the annual shareholder meeting on Oct. 13 , shareholders voted in favor of the Company's proposed board of director slate , which includes three new members , and re - incorporation in Delaware . " Our record fiscal second quarter revenue performance continues to demonstrate the overall strength of NextGen Healthcare's brand in the market , the exceptional value its solutions offer clients , and the team's ability to execute on operational and strategic objectives , " said David Sides , President and Chief Executive Officer of NextGen Healthcare . " The recent annual shareholder meeting provided an excellent opportunity to engage our broad investor base and incorporate their feedback into our ongoing corporate governance activities . Investor engagement is important to NextGen Healthcare and we are pleased with the outcome of the shareholder vote . I look forward to working side - by - side with every employee as we leverage our strong foundation to better serve our clients . In doing so , we will accelerate profitable growth , shareholder value and achieve new heights . " NextGen Healthcare updates its fiscal year 2022 financial guidance as follows : • Increase revenue to between $ 584 and $ 590 million , from between $ 576 and $ 586 million prior • Increase non - GAAP earnings per share range to between $ 0.90 and $ 0.96 from between $ 0.89 and $ 0.95 prior Conference Call Information NextGen Healthcare will host a conference call to discuss its fiscal year 2022 second quarter operating results today at 5:00 p.m. Eastern time . Shareholders and interested participants may listen to a live broadcast of the conference call by dialing 877-876-9173 or 785-424-1667 for international callers and referencing participant code NXGNQ222 approximately 15 minutes prior to the call . A recording of the live webcast will be available on investor.nextgen.com after the call . It will be archived for 90 days . SAFE HARBOR PROVISIONS FOR FORWARD - LOOKING STATEMENTS This news release may contain forward - looking statements within the meaning of the federal securities laws , including but not limited to , statements regarding future events including but not limited to the COVID - 19 pandemic , developments in the healthcare sector and regulatory framework , the Company's future performance , as well as management's expectations , beliefs , intentions , plans , estimates or projections relating to the future ( including , without limitation , statements concerning revenue , net income , and earnings per share ) . Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward - looking statements . Factors that could cause the anticipated results to differ from those described in the forward - looking statements and additional risks and uncertainties are set forth in Part I , Item A of our most recent Annual Report on Form 10 - K and subsequently filed Quarterly Reports on Form 10 - Q , including but not limited to : volatility and uncertainty in the global economy , financial markets and on our customers in light of the continuing COVID - 19 pandemic , including the potential ( i ) slowdown or shutdown of preventive and elective medical procedures , ( ii ) delay in the contracting for additional products and services by our customers and ( iii ) delay in the sales cycle for