Quality Systems Turns To Profit In Q4 - Quick Facts

(RTTNews) - Quality Systems, Inc. (QSII) Thursday reported fourth-quarter net income of $5.2 million or $0.09 per share compared with a loss of $4.1 million or $0.07 per share last year.

On an adjusted basis, earnings per share were $0.12. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the fourth quarter reached $115.2 million, up 4 percent from $111.3 million in the year-ago period. Analysts estimated revenues of $112.22 million for the quarter.

Steven Plochocki, the company's chief executive said: "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,"

Further, the board declared a quarterly cash dividend of $0.175 per share, payable to shareholders of record as of June 13, 2014 with an anticipated distribution date of July 3, 2014.