Quality Systems (QSII) Misses Q4 EPS by 4c

Quality Systems (NASDAQ: QSII) reported Q4 EPS of $0.12, $0.04 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $115.2 million versus the consensus estimate of $112.22 million.

“We are encouraged by the progress we are seeing this quarter, resulting from our dedicated marketing and sales efforts, which are now positively impacting our system sales, revenue, bookings and pipeline growth. The improvement was also fueled by our new Mirth product line and our growth in revenue cycle management business. Both of these areas are expected to be two strong growth drivers for the Company in fiscal 2015,” explained president and chief executive officer Steven T. Plochocki.

“We ended the year in a very strong cash position, which affords us opportunity as we look ahead. We are confident that the programs and initiatives we have put in place over the past several quarters will further enhance the Company’s position as the next fiscal year unwinds,” Plochocki said.

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

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