OMCL - Earnings call transcript Q2 2019

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Operator

Good afternoon. My name is Kelly and I will be your conference operator today. At this time, I would like to welcome everyone to the Omnicell Second Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the prepared remarks, there will be a question-and-answer session. now Chief turn Financial would to call I Kuipers, Peter Officer. Instructions] like the to over [Operator Please go ahead.

Peter Kuipers

Thank you. XXXX quarter the Omnicell’s Good afternoon and earnings welcome call. to second

CEO. Omnicell Joining implied. to subject expressed to and could Chairman, me differ Randall that uncertainties will Lipps, factors actual today President, forward-looking is risks, and or cause This other statements materially call include those Founder, results from

release made description statements SEC simply events information today. filed forward-looking detailed XX, Omnicell call beliefs more press in statements, filed cause these in SEC. forward-looking be of any as the in The refer to beliefs is of with XX, are with that Annual the this these conference For Omnicell Please made reports on Future of reliance and and made the date aware undue change. impact please XXXX, or on XX-K this our time more not July of to may Report the of on forward-looking passage call today, the Form you all recent that other statements the this XXXX risks on date on February based the place should only.

the is this conference Inc., the taping, and any duplication of Finally, call or written of property Omnicell Omnicell, consent other expressed without rebroadcast is prohibited.

and I an Randall XXXX business. for our guidance cover will remarks, for remainder on results will second of Randall's update of our provide After the the the quarter our year.

section website omnicell.com. are is in which released and was quarter our posted financial announcements at results Relations Investor earlier Our in included earnings our second the today of

in this Our prepared remarks also will same section. posted be

to over turn call Let me Randall. now the

Randall Lipps

afternoon. Good Peter. Thanks

Pharmacy. as industry share the another strong to the Autonomous vision the are pleased recognize results of of the We healthcare to importance of continues quarter

vision across lead of infrastructure of creating care. control discussed a and enhanced we've this previously, to continuum efficiency medication fully error will management automated As zero safety, of digitized and

advance to customers this on strides join significant us journey. made this quarter this to engage vision have We and

is very business profitably. to grow Our healthy and continues

include from of of share quarter increase. of the the for per XX% $X.XX record results year same a million quarter financial last $X.XX to XX% period representing up in $XXX revenue share compared Key same XXXX. Non-GAAP per EPS the

Our XX, an faster is in XXXX June product backlog high at and at product all-time is our growing revenues.

continue are quarter, for embracing that strong the this During Pharmacy. new partnerships we to customer the of vision see Autonomous momentum

Omnicell The key integrates the comprehensive cloud set three powered Pharmacy Autonomous platform of areas. a across solutions by data

to and workflows. designed solutions automation digitize streamline First,

usage improve Secondly, outcomes. support management. to intelligence regulatory services that medication and provides extension of chain dispensing which and compliance pharmacy efficiency, improved workflows And as understand automation supply of that actionable operations better medication pharmacy expert insights to serve an patient includes

our well Mary network for Carolina Black management. South Center as recent will the CDC selected main or building acquired a is distribution Spartanburg the pharmacy at center newly like flagship make Solutions many as partnerships North integrated and networks -- after hub chain research System, of Omnicell include provider supply and Regional centralized Some campuses, in healthcare delivery Healthcare hospital. Spartanburg an teaching has Spartanburg Medical Spartanburg

analytics to will maximize to in by medication one through Health critical automate efficiency Spartanburg and MUSC inventory to Center. ability health U.S. control, Automated named Central improve the this Performance utilize increase South be system better also centre health designed System, Omnicell number Central will to operations in Pharmacy new workflows the have system Omnicell’s help robotic Carolina XRX safety. data

data advanced pharmacy package. bring Insourcing IV expertly operation. be Solution News in-house and This and part the World Robotic implementing a staff combines robotic turnkey unique comprehensive Omnicell's to of compounding as into pharmacy train will health system sterile technicians Report technology central program

XT will MUSC implement series in patient areas. also care Omnicell’s Health

Health leading Pennsylvania Network with commitments plus Health. North partnership long-term and Atrium New several Northern based Arizona Luke's Western secured Charlotte, and University have in Carolina’s Healthcare systems Eastern in St. we Additionally, healthcare Jersey including

across support their through alone chains, will clinical three focus of on These medication Automation markets approximately pharmacy Omnicell systems management U.S. represent health pharmacy count. total service staff, These patient of helping bed and networks we the and supply management the hospital to health based satisfaction. on Intelligence improve systems X% Solutions

For products are of XX% purchase quarter these long-term from in over XX% deals the will by and the second Omnicell’s the customers multiple over of history company's these platform. anchored commitments

our from deal has and lines, with business sizes expanded evolving products single product platform are of resulted more in to a Autonomous and I'm is and in examples driven which multiple to customers These share progress collaborative complex relationship this partnership years implementations forward our success. believe we with mission a enduring across and larger to being look to partnerships. Pharmacy and solution point from a over steadily comprehensive how of our those our services a more industry has a customers. vision continued thrilled

second the to update and the for year Let Peter? over of quarter back rest me call Peter guidance. turn the

Peter Kuipers

Thank you, Randall.

XXXX. quarter Our $XXX XT the XXXX in in implementations a from customers. Series of revenues largely quarter base second over second an increase revenue was of of increase growing The XX% up is GAAP million driven by

the equipment over products service Second, increases in a year. and from maintenance introduced lastly large annual new installed revenue contributions last of and base from

up in the share second accordance XXXX the per economies in and $X.XX per second The expenses. share per of revenue XXXX. of operating achieving per in with due share, earnings scale largely was quarter over is of $X.XX our share The to second from higher quarter quarter in GAAP earnings increase

non-GAAP expenses, intangible basis associated cost. restructuring related stock acquisition result and debt acquisitions, contingent income tax In excludes benefits amortization with assets addition and expenses, to restructuring tax reform GAAP from and amortization we in of our financial of compensation expense, which results, gains a issuance report

part reconciliation to non-GAAP acquisition financial GAAP understand reported related our A costs website. useful as results results financial as events a full is amortization in to effect are included our press of release is compensation earnings These posted on onetime second because quarter investors statements stock expenses non-GAAP the well that expenses. our GAAP of and in is of believe our of statements to we and for addition the it acquisition-related non-cash and restructuring

XXXX $X.XX in per earnings quarter XX% increase. was non-GAAP scale to achieved higher increase of share share on revenue. Second our a GAAP non-GAAP per to the compared is same $X.XX economies Similar representing in the the last in to in the context per EPS basis due year period increase of EPS, a again largely share

for have the continued of as decrease XXXX deleverage. to compared related $X.X $X.X other primarily second the in and Non-GAAP to expenses income quarter XXXX, to was the expense we quarter second interest million million lower

the flow. to move balance sheet now cash and Let’s

cash is XXXX quarter from Second million. flow $XX operations

items second such operating was which by Our depreciation cash and non-cash net offset driven flow quarter partially in were by for amortization to and adjustments as primarily the changes capital. the income working related

million We of quarter company During cash $XXX generated approximately flat will $XX our of were XXXX XXXX. million, cash June quarter of flow. free XX, Inventories previous free from XXXX, the continue XXXX. business the from June believe flat XX, deliver through at remainder approximately to the second flow and the

relatively sizes. new last product average to able We have year our and deal been inventory despite launches larger growth, constant the continued over hold

decrease the down receivable six driven from is sales days in second from Accounts by day days higher one are for primarily outstanding quarter from quarter DSO XX and previous XXXX. sales. days the June last quarter The XX,

flows. was cash offering up June XX, our to XXXX. XXXX and increase and operating As aftermarket our of is in proceeds due $XX June $XX up million balance XX, million sequentially The cash $XX million cash from from

common quarter, we second used of selling the During the of prices approximately a sell aftermarket average our offering at a of $XX.XX stock to an XXX,XXX share. shares lot

Total repay debt. gross million. $XX approximately raised proceeds was were proceeds quarter during used the outstanding These

quarter, repaid debt. in $XX During million we the second

XX XX, was have debt $XX times. X.X months total balance loan from outstanding over XXXX loan leverage June the of measured we of As EBITDA bank of funded million approximately our outstanding and the last

As XXXX XXXX. same first transaction closing early a we now in since for the of time of in cash June this net the XX, position are

from the business it year. service same June the majority and continues XX is the Our the headcount expand. at support to our last of quarter needed is XXXX quarter-over-quarter end quarter and The implementation manufacturing, XXXX, up to XX, previous for as XXX personnel from increase of

our guidance. full-year Now moving to

increasing guidance. between and are product expect bookings million to million. now full-year our $XXX be XXXX We product We bookings $XXX

in Our our for previous The product bookings guidance commercial increase is was our guidance orders million. momentum based on strong between $XXX and million expected $XXX from XT especially Series.

early We and in upgrade continue XT we're mentioned of we gain the years in XT the cycle. have to upgrades previously, as traction

$XXX We total be guidance range. our revenue are now to total the XXXX guidance million midpoint XXXX by revenues $XXX million. and We narrowing between expect increasing of

in compared million our call. million. XXXX $XXX our of range of range from the is the $XXX XQ new of midpoint was implies full-year $XXX revenue year-over-year with revenue. to the range between to Our range new XXXX previous our $XXX earnings guidance guidance provided a approximately total The XX% growth total midpoint guidance guidance midpoint million million Also

be as and breakdown $XXX This $XXX XXXX to We between product revenue expect follows. million million. now

and range now million We to service million. Our million. and previous guidance million was $XXX revenues XXXX be $XXX $XXX expect $XXX between

$XXX was million. guidance previous Our and $XXX million here range

total and EPS non-GAAP year be XXXX guidance. a to narrowing are our share. EPS $X.XX We XXXX now non-GAAP expect between $X.XX We

XX% new Our share. range $X.XX and our of was previous implies $X.XX guidance non-GAAP growth a approximately guidance EPS year-over-year. midpoint XXXX The EPS non-GAAP

total revenues between For to third million. of $XXX the expect $XXX be XXXX, we and quarter million

revenue product expect and between $XXX million million. to We be $XXX

and revenue We between and $X.XX EPS $XX to a be and million to we million $X.XX between $XX share. be non-GAAP expect service expect

we EPS guidance XXXX, non-GAAP in for of tax average X% Finally assuming range. are an rate our

the very second the for and As year. throughout of quarter Randall team look rest results to we the to results are profitable mentioned, deliver forward the XXXX we pleased the with

open like questions. your Now, we would to call the for

Operator

first Naidu comes Please the line Instructions] from question go Your Oppenheimer. from of Mohan ahead. [Operator

is line open. Your

Mohan Naidu

it. guess for change that is is about versus think Thanks mix term. Any guys XX% are in all think big color And mix a be what of Randy, high. you about of probably talk guys backlog, I a made my short being time other I last you I backlog Peter in long-term useful. Can would as questions. that. you products any part year, other you to think XT had taking around contributing comment there

Peter Kuipers

Mohan. Thanks

also the If product product is so of a revenue, revenue service total the there product you line. course Series it’s revenue the to biggest backlog at site, is big product XT within revenue, look

is There new the the backlog. short product term most yes out the there assumption. in the more really increase, in correct It's increase is one of that that revenue So backlog.

So an the timing backlog. the you if improvement and that product Installation, will is in

So pleased we're to as we backlog. refer very momentum that the with commercial

Mohan Naidu

are the at guess the contributing specific are there XT, from what apart products this on I side gaining are And point? products term Peter, momentum any are that short that

Peter Kuipers

robots not services. it’s It’s XRX, and Series, platform of XT Performance Center,

building the So XT. announced last December year that we out our platform in

picking that’s including and device. up So all our

Mohan Naidu

you. couple have thank It Okay, of for revenue weeks and guess maybe normally are in been couple your terms receivables what about lot And like implementations questions. payments. in questions I longer. a there the growth more type taking place you Maybe of the guess I contracts sounds do recognition. of last of

delays payment there So terms in wait implementation you or insist do and there done until fixed conversion a you on you of clients that? is are elaborate but any the the can full let

Peter Kuipers

Yes.

A So it's good couple question. of there. a dynamics

about I XX-day larger roughly be as would payment this kind long-term usual of International average because and in business adds average customer the the So because it another product of there. has terms And terms to of longer XX days by would larger the nature partnerships days, our calculates And we XX say payment more days say I probably XX that practice also are deals XX installs might configurable there. the range. average. that probably roughly adds serve that days to larger about

up compare XX maybe You also Medtech also that. above are other the to companies to XXX in can that or and some range

feel very we So comfortable.

also on we lines, build should that built You our consider we main product shipping. for

do companies all not that. So

to extent payment cycle So some that's the the as well. elongated

Mohan Naidu

not you be recognize amount the I put you not when revenue, the that that right? receivables revenue to ship but do revenue, into And guess when product, clear, just

Randall Lipps

falls Revenue customer after the for acceptance main written after Exactly. lines. is there's product later installation completed,

Mohan Naidu

Okay, taking my got you much it. questions. Thank so for

Operator

Company. Please Your the & comes next ahead. Gene Dougherty question line from of go from Mannheimer

is line Your open.

Gene Mannheimer

same back could follow quarter Good bring, Good you questioning. on for job XXs the line can to afternoon. you those Could levels outlook. of DSOs over other I get Do and days. go wanted and Thanks. the just XXs lower to think the down inventory forward? going even time and you

Peter Kuipers

if not guidance and going on specific We're really to the DSO do give you will. that

contractual would metrics actually refer XX have of not there. price. sharing all expecting Again build some both upon where that working you other to on can I XXX range companies also those to DSOs the we're traction course Of terms have to and Medtech

So we contractual have there. term a strong

the do as large the On to on side, we need that you equipment for the in services so I that a included as then up stir to serve we XRX fairly well. for that commitment inventory field well as XX as this. for know marketing about in plus ramp would perspective have new products say we and installed If base have inventory a years,

Gene Mannheimer

it makes the What of seeing. Could sense. Thank the customers? Thank How's reception reception you IV Okay, from some products. there. your maybe are around line Randy you. you. of What offer you commentary type

Randall Lipps

robot choices a IV to probably or we’re shifts Well in cost around the either of market little And bit. a done network on it. have why or shelf, of a the in-sourcing outsourcing you in I And think compounding provider buying pricing the lot make you everyone compounding. in is the

So the you to complicated you out get it's wanted equation a because robot how more efficiency. sent but maximum

and for And and problem we and so of this cheaper, productivity invested that's throughput find the constant to we but it. better see could I this side workflow we in bigger run helping and that a area this faster IV ways constantly them is the compounding out make caused IV buy But on to we're better new side we're and have the products uptake really heavily customers better. get on by why think

of help themselves strategy recognizes these and it's everybody earlier us are they pieces about those and run how having think took or want to take want and try to I take what it, some in they some themselves. I think some those customers comfortable who they them so whether of products come of on And to the

they to them changes for up harder should. it's the think as with as configuration I keep much

models we better think the floor. got we So the working in

Gene Mannheimer

good. you. Very Thank

Operator

Matt ahead, Your Capital. open. Craig-Hallum from next Hewitt question go comes from the is line line Please of your

Matt Hewitt

you for taking the Thank questions.

XX couple but some button I could press been have I a I'm But business those the does divisions more areas a and single hospitals of the that items you receivables how me. changed change, it past the adoption for the purchasing how DSOs that maybe release Just over on appreciate hospital how product you first-off how wondering has And and discuss Are you put systems seeing call and the guess systemwide half change hospital. the years. the kind what on dozen versus bigger the do XX, of or even collect here little recently. contracts, within you bit on hot if receivables? those on or those how do

Peter Kuipers

a that's great Yes, question.

and partner commitments is automation by are as products will, and in of that seven long-term provide go those talked medication the the or months the about and management sole become source level pharmacy XX you multiyear and or of in this The also we commitment year script So earlier all purchase also if in is substantiated, every if services you long-term to bookings through we health typically build you to the six become health partnership scripts five, bigger. system for year size or as out. that system next deal becoming that you if you will orders build will where

well. as becoming are becoming bigger, deals the are bigger those installs So

it say, as would collection I average doesn’t well. impact timing the

installed over lot last as Sometimes the hospital for they're last becoming systems four and strategic well. more a but facility

expense half less you bad than last If percent. has our at five years the look debt been

pay also including be follow-up well do little as bigger health might system guidance. So the just hospitals but

Matt Hewitt

cycle and as you the product But bit back could as cycle, the a inventories, bit the platform of shifting some you between the GX been years far GX I equipment upgrade last XX other with provided these comparisons for then know upgrade and just look the upgrade upgrade the lines? little differences commitment the you to a if XT support Maybe cycle. to to of little full the describe if there some detail of programs. cycle making And Okay. some there's

Randall Lipps

a different. so products the the if will. the requirements for so upgrade, you inventory upgrades the which if was same was in product, both frame and sold complete service frame the a is computer Therefore console you That console call, for on was so for GX existing the Yes, will. upgrade product definitely

for that the in bars service Now period consisting customers largest move purchase life Series. course and forward we for of now economic in current those to now the today. base GX and to have support specifically are Omnicell years XX not We U.S. installed used XT AcuDose up of our the will after

a that's console. new frame So new and a

at look product service current both perspective feel I and you if on And for demand perspective there. base inventory from comfortable

Matt Hewitt

one north as the you. chance to that I an at you five envision Have of we've at right. of on margin software, the opportunity from historically a to quarter. it's Got back do QX All that maybe stuck operating that, the really good annualized to a seen That's adjusted regarding then look number XX% last in you it. And you and XX.X% had due was implies one maybe three an which me highest know shifting you've higher since little to at get year. into an for year XX%. of of a some the recognition I'm QX than that times But in target going kind basis? XXXX model get of we more that lift vacation. you're a XX.X% But wondering to look of bit for the something Thank half to to that anomaly as maybe or

Randall Lipps

guidance, use $X.XXX and for so calculating the XXXX think looking at to into of first guidance years. midpoints back going leave roughly provided the you our Yes, I you've out as

quarter XXXX XQ and a of provide company the more be not I'm transformative would also are shows loans point service slightly to guidance, and to that we’re I both higher non-GAAP we at say do the So company, pharmacy. third estimated math operating margin, fourth have this ready quarter a or oriented

would the So market I as more we solution so to the follow. with growing plants our are see, say,

Matt Hewitt

you. thank right, All Understood.

Randall Lipps

look And $X.X XX to average. each growth on $XX.X if that last the XX then the deals you million quarter Top fourth looking another they XX the one dollar of the we just that in example, if the at multimillion Top disclosed you in compare of was will, million the maybe deals were that for data XXXX fourth quarter of average at

about last the of the a years the you in Top guess PO years I is So for four good six the indication the last size gives XX average quarter.

almost So look you at four products. bigger three those or times if

Matt Hewitt

All right, thank you.

Operator

from question Wells Jamie your Fargo. is the comes from line open. next Your Stockton go ahead, of Please line

Jamie Stockton

question this Good I gotten guys feels guys question. into little a your said backed about every you of you afternoon. are would up acquisition about two yourself I think at XX%, like Historically, It's that earlier from net obviously last you How you a piggybacking margin of by great. since have you years think been thinking be kind bit taking my time slight down it on that Matt’s businesses. position for point. kind Thanks have little interesting buying did over here. you've against bumped Anything I thoughts. cash Peter, that guess

Peter Kuipers

could take I if Jamie, question. that Yes,

the that enhance to more these I fit always big the platform make connection and that of that it into actively big it the will essential thing a through we're momentum think that can can to customers enhance pipeline, valuable. business, lot into the tie and really platform temporary sorting in so

single that of a solutions to to of kinds tuck-ins evolved right as So platform. lot to from platform the just sort leverage have the try of makes sense it find play, we

there's there. of So out things lot

right particular earnings make were there's right time. one anything right but the to So else and at time to we the it’s but just sense time the to it find we right ones not active, at timing got than update other we want will but finding no make the particularly or

Randall Lipps

fairly Yes, it’s last the say acquisition. to also that big

the customers earlier actually will also you do that -- on the XT your recall or does that’s that Let’s product the cycle, you years this ADC upgrade say cycle came potential think early the think of with for early years. upgrade if

So there. come there's to more

So call, we always that mean look every need to two over every doesn't call at the year, years. that we acquisition

that adjacency, want. framework revenue You likely to the XX% on needs maybe at need at accretive to nearly they an basis, the a be be not well to a are find non-GAAP non-GAAP needs least basis make growth as sure computing least EPS and contribution deals profitability if

Jamie Stockton

Okay, changed that's And reported know an just the kind update. realize guys anymore. you the great. way And internally. I consolidated things you and two run business maybe are of segments I then

any So Can update there. offering that trying maybe out about in sense pharmacies, makes broader like you an but deals retail are settings we pharmacies. give us institutional traction the non-acute how with if a going think things just to Is build the platform? on there

Peter Kuipers

we health then that have we medication mean, population customer review. network and I Done comprehensive therapy have partner evolving. business base Yes. of there the management, is it very a solutions and side, a large medication a

that. really some continue customer out brand also we on the big work need early but have some the successes a we break not to We on of to P&L, good we benefits needs enough have have proven large that are to so plus some base results commercially good

Randall Lipps

but go to provider inpatient think and networks, to these it's deliver you with stage some have fits embryonic and in continue early at you growth I of the they're well. looking to when nice bigger it but still both solutions story. Yes, stories growth evolving good outpatient work see got When those institutional in there, sort all we got as the that they're you pharmacy and both whole have pace and up and small success it’s

strong. some there continue business to to health want just to of is a bigger develop products population our our to size. think We I still get

Jamie Stockton

you. thank Okay,

Operator

comes Please open. ahead, next Company. is Sutherland of your from the from line Bill Benchmark question The line go

Peter Kuipers

Hey Bill.

Bill Sutherland

good so Hey there. Peter. last My in got leave question pretty quarter. it two, you. I'll Thank much the answered

Peter Kuipers

Bill. you, thank Yes,

Operator

from Sidoti. Please Mitra from comes question next go the Ramgopal line of ahead. Your

open. is line Your

Mitra Ramgopal

Good hi. afternoon. Yes,

coming seeing from be to record follow-up you're wins, that sense on color if a more any competitive customers versus on upgrades the get it's say and new backlog great. to or say wanted Just would

Peter Kuipers

we’re It’s share the six in as cycles we of well had first year months further share, the where to gain continue XT all above, upgrades, years the we believe this early from growth remember and we can systems facility. expand then big I services products they implement also they our And that these have expansion. partnership comes the the health with, at market that that we well. long-term of or gains, as next market might a and

combination good So we’re tracks all, of all of drivers. it's a so revenue seeing or traction those of

Randall Lipps

I type is that series. some runs out just point And XT the longer is which into cases will broader then discussion add a to Certainly entry in big agreement. for and the

And think I we way. large kinds that ones think that as of scaling these added about really standardizing to program in are systems track those deals us older new our just it acquired. or systems them customer was brought them, a most We these systems Spartanburg, well. have up things. a and other announced from couple legacy where But we we it's of a of system important for a of I don’t and most how systems and are is

bigger towards piece standardizing got putting movement it they've product to eventually to the and So line. in make a more

You just start see that. to

Mitra Ramgopal

enough whether needing you you it’s to Any following being that the increased add on the seeing personnel constraints to or terms And great. then have of comfortable up that. work in on handle able and that's of to implementation just no, business in board? terms handle Okay, you're

Peter Kuipers

about Yes, increase. in the remarks our talked prepared we headcount

of up So end from sequentially the XX on implementation the majority and on were is XX and of manufacturing, services. headcounts March teams

scaling actually are up. we So

of just increases, do bit have cetera. a always the et do revenue just a of lot ahead You little that to training

that. are So see doing And we don't manufacturing capacity. yes, we newly

So where we do also. Series, can XT efficient if we you plan really second got for the invest shift assembly will

Mitra Ramgopal

taking Okay, the for questions. thanks again

Operator

comes ahead, Your next the your line of is Matt Please Craig-Hallum from line Hewitt question go from open. Capital.

Matt Hewitt

Arizona to St. Just Atrium prepared me, perspective. you representing wins talking talked remarks one a that X% X% the still about you you market as I'm the Northern become bed of share couple share the count than three historically fall hit Luke's, or of that and the into and over cycle you does actually as a about I and the X% you with hold market follow-up numbers to curious to but years take that such X% And allowed next X% momentum from obviously -- does you I seeing from last the that during just those could in know year you were get leader are more X% gaining XT think believe you've particular?

Peter Kuipers

there. a nuances there So of couple is

competitive So Northern Arizona a that was conversion.

agreement, is a a believe is I new Luke So if that's bigger will customer, sole multiyear products also an about platform is as sole and Atrium source think existing St. source customer. contract agreement. renewal, I platform you renewal more But that a new

Matt Hewitt

Okay.

Peter Kuipers

quarter, it’s anchor press disclose and definitely and the year away of are takeaway, that getting we have the smaller suddenly. we if that to health that that versions. systems first is but release, our chipping make competitive of they Yes, strategy we level you and that that will will then But part only don't locations those we're at that's we

we rate historic guidance year been necessarily has want And to that in besides share real the last first share couple have So to the and is revenue the so to our we really also of months for competitive many but fair enough believe the years don't platform think might give that in increases years. of X.X% U.S. I upgrade on further first over mostly assume higher six X% then and then that's whole market now expansion the gain we but the get market been It cycles.

Matt Hewitt

thank it, you. right. all that’s it, Well Got

Peter Kuipers

Thank you.

Operator

And time. call there for back are the Randall closing no this turn over I further comments. will questions to at Lipps now

Randall Lipps

joining Well, us today. thanks for

coming them really of of behind create them life. Vision As the to transforming half and connected retail and thrilled getting behind basement the helping pharmacy we to Together second systems up I'm pharmacy from for Pharmacy health and that the delivery see everybody. freeing partners the getting the to are enter pharmacists. That model. by the Autonomous our the care improve we can for outcomes is XXXX, is to so value out clinicians patients, this And the counter industry

especially our I customers on and improve as everyone. for healthcare the want vision Pharmacy See Thanks with really strategy executing our of everybody. the our for you next partnering thank deliver to Autonomous And Omnicell we us team time. especially for

Operator

concludes This today’s Good bye. conference call.

now disconnect. may You

Omnicell (OMCL) 25 Jul 192019 Q2 Earnings call transcript