Published on July 26, 2012 at 6:03 AM
Quality Systems, Inc. (NASDAQ:QSII) announced today results for its
fiscal 2013 first quarter ended June 30, 2012.
The Company reported record revenues of $118.3 million for the fiscal
2013 first quarter, an increase of 18 percent, compared with $100.4
million for the fiscal 2012 first quarter. Net income for the fiscal
2013 first quarter was $15.5 million, down 18 percent versus net income
of $19.0 million for the same period a year ago. Fully diluted earnings
per share for the fiscal 2013 first quarter was $0.26, a 19 percent
decrease from $0.32 for the fiscal 2012 first quarter.
"Although we delivered record revenue for our fiscal 2013 first quarter
driven by strong performance in our recurring revenue streams, our
overall results were impacted by lower-than-expected revenue from large,
higher margin software system sales. There are times when a limited
number of these types of sales can influence performance in any given
quarter," explained Steven T. Plochocki, president and chief executive
officer.
"We remain confident about our future performance and prospects.
However, due to evolving conditions affecting our industry and
uncertainty in predicting future results, we are not affirming our
previous guidance nor providing revised guidance at this time,"
Plochocki said.
Source: Quality Systems, Inc.