Quality Systems 3Q profit rises 20 percent 

Quality Systems Inc. said Thursday that its fiscal third-quarter profit rose 20 percent as doctors and hospitals continued to shift to electronic health records.

The Irvine company, through its NextGen Healthcare subsidiary, sells programs to help hospitals and medical offices with electronic health records and revenue management.

Net income was $21.1 million, or 36 cents per share, for the period ended Dec. 31 compared with $17.5 million, or 30 cents per share, a year earlier. That matched the forecast of analysts surveyed by FactSet.

Revenue rose 23 percent to $112.8 million from $91.9 million a year ago. Analysts expected $110.6 million.

The company also declared a quarterly dividend of 17.5 cents per share, payable April 5 to shareholders as of March 20.

The shares fell 7 cents to $39.15 in afternoon trading.

Pin It

More by The Associated Press

Latest in Health & Fitness

© 2019 The San Francisco Examiner

Website powered by Foundation