Quality Systems Q1 Profit Down - Quick Facts

(RTTNews) - Quality Systems Inc.'s (QSII) net income for the fiscal 2014 first quarter was $12.9 million, a decrease of 16 percent versus net income of $15.5 million for the first quarter of fiscal 2013. Earnings per share for the quarter was $0.22, a decline of 15 percent from $0.26 reported in the first quarter of the last fiscal year.

Total revenues were $109.5 million, a decrease of seven percent when compared with $118.3 million for the 2013 first quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share and revenues of $115.68 million for the quarter. Analysts' estimates typically exclude special items.

The company also announced that its Board of Directors declared a quarterly cash dividend of $0.175 per share on the Company's outstanding shares of Common Stock, payable to shareholders of record as of September 13, 2013 with an anticipated distribution date of October 4, 2013.