Quality Systems Fiscal Q4 Results Top Street Expectations

Quality Systems, a provider of technology-based services to the ambulatory care market. reported Friday fiscal Q4 non-GAAP net income of $0.21 per share, up from $0.19 per share in the prior year period and came in higher than the $0.19 per share estimate from analysts polled by Capital IQ.

Total revenues for the quarter ended March 31 were $132.4 million, up from $127.9 million reported for the same period last year and higher than the $128.4 million Street estimate.

For fiscal 2018, the company expects non-GAAP earnings of $0.66 to $0.74 per share on revenues of $512 million to $530 million. The Street consensus calls for earnings of $0.85 per share on revenues of $521.2 million.

By DR Staff Writer