Earnings release
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Omnicell NEWS RELEASE Omnicell Announces Financial Results for First Quarter 2021 4/29/2021 Record revenues of $ 252 million , an increase of 10 % from the prior year period GAAP net income per diluted share of $ 0.30 , Non - GAAP net income per diluted share of $ 0.83 Added new long - term , sole - source partnership agreements with Top 300 U.S. Health Systems MOUNTAIN VIEW , Calif .-- ( BUSINESS WIRE ) -- Omnicell , Inc. ( NASDAQ : OMCL ) , a leading provider of medication management solutions and adherence tools for healthcare systems and pharmacies , today announced results for its first quarter ended March 31 , 2021 . GAAP Results Total revenues for the first quarter of 2021 were $ 251.8 million , up $ 22.2 million , or 9.6 % , from the first quarter of 2020 . First quarter 2021 GAAP net income was $ 14.1 million , or $ 0.30 per diluted share . This compares to GAAP net income of $ 11.3 million , or $ 0.26 per diluted share , for the first quarter of 2020 . Non - GAAP Results Non - GAAP net income for the first quarter of 2021 was $ 37.5 million , or $ 0.83 per diluted share . This compares to non - GAAP net income of $ 28.9 million , or $ 0.66 per diluted share , for the first quarter of 2020 . Non - GAAP net income for each period excludes , when applicable , the effect of share - based compensation expense , amortization expense of acquired intangible assets , restructuring and severance - related expenses , amortization of debt issuance costs , amortization of discount on convertible senior notes , and certain litigation costs . " We delivered an exceptionally strong first quarter , exceeding our first quarter guidance and achieving record 1