NextGen Healthcare, Inc. (NASDAQ:NXGN) Q3 2023 Earnings Call Transcript

David Sides : Yes, thanks for your question George. I think we see it as an opportunity to acquire talent. So, when we see Salesforce, Twitter, those kinds of organizations laying off in large numbers, we think, wow, there’s probably a great architect in there who could be building software with us in a more resilient industry of healthcare. So, we’re thinking about it as this is good. A good time to be us to start growing and thinking about how can we acquire really great talent. We always look at our cost basis and we talked a little bit earlier about how we’re thinking about getting efficiency and making investments in systems to automate our own staff and the productivity of our own teams. That’ll continue. I think we’ll be through most of that in this fiscal year. And then that’s why we’ll see, kind of earnings growth. Next year, it’s one of the leverage points for us, but we’re pleased to be hiring in this environment. I’ll let Jamie provide some color.

Jamie Arnold: David, what I would say is, we worked really hard over the last few years to build a scalable infrastructure. We will continue to invest in technology that increases our efficiency. And we managed our headcount very tightly over €“ even during the growth periods of the last year and a half. And we will continue David’s point about bringing on the opportunity for some of these layoffs, it’s for us to get certain skill sets that have been hard to find. So, we will be selective in it and that’s all part of our plan to demonstrate operating leverage over the coming years. So, you have to be very disciplined to make that a reality.

George Hill: Okay. I appreciate the color.

Operator:

David Sides: Well, there’s no other questions. Thanks for joining. It was good quarter, great quarter as far as our bookings perspective. Still being able to sell in this market. Very excited about the prospects going forward, double-digit growth coming up here very shortly as we start fiscal year 2024 in April 1. Thanks for your continued interest in NextGen Healthcare.

Operator: This does conclude today’s program. Thank you for your participation. You may now disconnect.