Second-quarter fiscal 2010 results announced by Quality Systems

Quality Systems, Inc. (NASDAQ:QSII) today announced the results of operations for its fiscal 2010 second quarter ended September 30, 2009. The Company posted record net revenues of $71.7 million in the second quarter, an increase of 22% from the $59.0 million generated during the same quarter of the prior year. The Company reported net income of $11.8 million, up 13% when compared to net income of $10.5 million earned in the comparable quarter of the prior year. Fully diluted earnings per share was $0.41 in the quarter, which was up 11% compared to $0.37 per share earnings recorded in the same quarter last year.

For the quarter, the Company’s NextGen Healthcare Information Systems division posted revenue of $67.4 million, up 23% over the same quarter of the prior year and operating income of $21.8 million, up 13% over the same quarter of the prior year.

“We are pleased with the second quarter results as we continue to post revenue and earnings growth. Since the stimulus bill was signed in February 2009, the healthcare community has had an opportunity to become more familiar with the specific details of the American Recovery and Reinvestment Act (ARRA). As a result, there seems to be a heightened comfort level in purchasing decisions relating to electronic health records (EHR) systems,” noted Steven T. Plochocki, president and chief executive officer at Quality Systems.

“Additionally, our closure cycles are gaining momentum as our pipeline continues to build,” Plochocki concluded.