NextGen Healthcare, Inc. (NASDAQ:NXGN) Q4 2023 Earnings Conference Call May 16, 2023 5:00 PM ET
Company Participants
James Hammerschmidt - SVP, Finance & Investor Relations
David Sides - CEO, President & Director
James Arnold - EVP & CFO
Conference Call Participants
Anna Kruszenski - SVB Securities
Jack Wallace - Guggenheim Securities
Jeffrey Garro - Stephens Inc.
Eduardo Ron - Truist Securities
Vishal Patel - Piper Sandler & Co.
George Hill - Deutsche Bank
Operator
Welcome to the NextGen Healthcare Fiscal 2023 Fourth Quarter Results Conference Call. Hosting the call today from NextGen are David Sides, President and Chief Executive Officer; and Jamie Arnold, Chief Financial Officer. Today's call is being recorded. [Operator Instructions].
At this time, I would like to turn the call over to James Hammerschmidt, Senior Vice President of Finance and Investor Relations of NextGen. James, you may begin.
James Hammerschmidt
Thank you, operator. Before we start, please note that we will be making forward-looking statements during the presentation and the Q&A part of the call. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties. Factors that may cause actual results to materially differ from expectations are detailed in our earnings release and SEC filings.
This call will also reference certain non-GAAP financial measures. Information about non-GAAP financial measures, including reconciliations to U.S. GAAP, can also be found in our earnings release, which is available on our Investor Relations website.
At this time, I'd like to turn the call over to our President and CEO, David Sides.
David Sides
Thank you, James, and thank you to all who have joined the call today. I will start today's call by covering some of the more notable accomplishments in our fiscal fourth quarter, then review our performance for the fiscal year and finally provide an outlook on why we are excited for fiscal year 2024 before turning the call over to Jamie to take you through the financial commentary. We will then close the call and open it up for questions.
Starting with fourth quarter accomplishments, the team continues to execute well, which resulted in solid performance to end the fiscal year. Bookings grew both year-over-year and sequentially, which means another new quarterly bookings record. We continue to see strong demand inside the base for our Surround solutions and interoperability capabilities. Our ability to serve integrated care organizations, who need a single platform that combines both medical and behavioral health, continues to differentiate us in the market, leading to more flagship wins.