Health Grades, Inc., an independent healthcare ratings company, has reported financial results for the second quarter ended June 30. the company noted that ratings and advisory revenue for the three months ended June 30, increased $3.2 million, or 34 percent, to $12.5 million from $9.3 million for the three months ended June 30, 2008. The revenue growth was principally driven by an increase of $2.4 million or 141 percent from the Company's Internet Business Group compared to the three months ended June 30, 2008, and $0.7 million, or 10 percent, from the Company's Provider Services business compared to the three months ended June 30, 2008.
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Gross margins for the three months ended June 30, and 2008, were approximately 85 percent and 83 percent, respectively. Operating margins for the three months ended June 30, and 2008, were approximately 21 percent and 18 percent, respectively.
Operating income for the three months ended June 30, was $2.7 million, a $1.0 million increase, or 60 percent, over the three months ended June 30, 2008. Net income attributable to HealthGrades for the three months ended June 30, was $1.7 million or $0.06 per diluted share, compared to approximately $1.2 million, or $0.04 per diluted share, for the same period of 2008.
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