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Quality Systems (QSII) Misses Q1 EPS by 3c; Issues Mixed Outlook

July 28, 2016 5:07 PM EDT

Quality Systems (NASDAQ: QSII) reported Q1 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $122.2 million versus the consensus estimate of $126.3 million.

GUIDANCE:

Quality Systems sees FY2017 EPS of $0.75-$0.81, versus the consensus of $0.81. Quality Systems sees FY2017 revenue of $494-510 million, versus the consensus of $514.5 million.

“In the first quarter, we saw a number of positive developments as we continued to execute on our strategic plan and have made great progress reinvigorating the culture of our organization,” commented Rusty Frantz, president and chief executive officer of Quality Systems, Inc. “In addition, we remain focused on our solutions integration and product roadmap strategy, and are excited about the enhanced product and service offering we’ll now be able to provide to our clients.”

Mr. Frantz continued, “As in any turnaround, the early results are often mixed. During the first quarter, we experienced softer than anticipated sales, and as a result, we are taking a more conservative approach to our annual guidance. I remain very bullish about the long-term growth potential and opportunity for the Company.”

For earnings history and earnings-related data on Quality Systems (QSII) click here.



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