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Quality Systems Inc

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BUSINESS
August 13, 1997
The Tustin medical services company said Tuesday that charges related to a recent acquisition erased an operating gain and resulted in a net loss of $2.7 million, or 46 cents a share, for its fiscal 1998 first quarter, compared with a loss of $7.7 million, or $1.34 a share, a year earlier. At the same time, the company said, revenue for the period ended June 30 rose 51% to a record $7.1 million from $4.7 million in the prior first quarter.
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BUSINESS
February 7, 2008 | From Times Wire Services
Shares of Quality Systems Inc. surged 13% as the Irvine medical records and billing software maker reported better-than-expected results for its fiscal third quarter. Shares gained $3.82 to close at $33.92. Late Tuesday, the company said quarterly net income rose 29% to $11.2 million, or 40 cents a share, from $8.7 million, or 32 cents a share, for the year-earlier quarter. Revenue climbed 25% to $48.1 million from $38.5 million.
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BUSINESS
April 3, 1994
Quality Systems Inc., the Tustin provider of medical group management systems, said Friday that its stock will begin trading Monday on Nasdaq's national market. The company's stock had traded in the Nasdaq small-capitalization market under the symbol QSII, which will remain the same. Quality's stock closed Thursday at $6 a share, down $1.50. There are about 4.2 million shares outstanding.
BUSINESS
February 6, 2007 | Martin Zimmerman, Times Staff Writer
Shares of Quality Systems Inc. dropped more than 11% in after-hours trading after the Irvine-based maker of medical software said Monday that regulators were investigating trading activity in its securities. Quality Systems said the Securities and Exchange Commission was seeking records regarding the company's chief financial officer. According to the company's website, Paul Holt has been CFO since November 2000. The company provided no further details of the investigation.
BUSINESS
February 16, 1996
Quality Systems Inc. said Thursday it plans to acquire Clinitec International Inc., a Pennsylvania developer of electronic medical records software systems, for nearly $12 million in cash and stock. Quality Systems said Clinitec would become a unit of the company. Quality Systems, which holds a 25% stake in the company, said it has signed a letter of intent to acquire 100% of Clinitec for about $4.9 million in cash and about $6.9 million in Quality Systems stock.
BUSINESS
July 3, 1996
Quality Systems Inc. said Tuesday that delays in expected orders will cause it to post lower first-quarter revenue and earnings than analysts had anticipated. Analysts had expected the computer-based manager of medical and dental practices to earn about 14 cents a share for the quarter that ended June 30.
BUSINESS
August 19, 1997
Quality Systems Inc. said Monday that it has signed a contract to provide its computer-based system for managing professional practices to a Nashville company for an undisclosed price. The Tustin company's software will help Dental Health Management Inc. centralize certain multi-state management functions in the Atlanta office of its parent company, CompDent Corp.
BUSINESS
January 19, 2000
Quality Systems Inc., a Tustin maker of health care information systems, said Tuesday that it expects earnings and revenue to be flat for its fiscal third quarter, which ended Dec. 31. The company said it expects earnings of 6 cents to 8 cents a share on revenue of $8.7 million to $8.9 million. In last year's third quarter, it earned 6 cents a share on $8.8 million in revenue.
BUSINESS
August 5, 2000
Quality Systems Inc., Tustin developer and provider of computer-based practice management and electronic medical records systems, reported net income of $625,000, or 10 cents a share, for the first fiscal quarter, down 16% from $742,000, or 12 cents a share, for the comparable quarter of the previous year. Revenue for the quarter ended June 30 increased 2% to $9.3 million.
BUSINESS
August 5, 2006 | From Times Wire Services
Shares of Quality Systems Inc., a maker of medical management software, soared after the company's fiscal first-quarter profit rose 51%, beating Wall Street estimates. Shares of the Irvine-based company rose $6.26 to $40.26. Net income grew to $7.7 million, or 28 cents a share, from $5.1 million, or 19 cents, a year earlier. Revenue rose 32% to $36.1 million from $27.4 million a year earlier.
BUSINESS
October 6, 2005 | Tom Petruno
Irvine-based Quality Systems Inc., embroiled in a proxy fight with a dissident director, said that shareholders at the annual meeting elected two directors from the dissidents' slate and six from management's slate. Ahmed Hussein and Ibrahim Fawzi will represent dissidents on the board. Hussein, a director since 1999 and the second-largest shareholder of the healthcare information-systems firm, has led a campaign against current management over executive compensation and other issues.
NEWS
May 24, 2002
Quality Systems Inc., a Tustin maker of medical records and management software, reported net income of $1.5 million, or 24 cents a share, for its fiscal fourth quarter, up from $1.2 million, or 19 cents a share, for last year's final three months. Revenue rose 12% to $12 million for the quarter ended March 31. For the year, Quality Systems earned $5.3 million, or 84 cents a share, a 51% increase over $3.5 million, or 57 cents a share, earned the previous year. Annual sales rose 11% to $44.
BUSINESS
August 17, 2001 | Bloomberg News
Fund manager Cannell Capital LLC, which owns 9.5% of Quality Systems Inc., called on the Tustin maker of medical records and management software to buy back shares. The San Francisco investment firm headed by J. Carlo Cannell "intends to recommend" to Quality Systems that it initiate a tender offer for shares, according to a document filed Thursday with the Securities and Exchange Commission.
BUSINESS
May 24, 2001
* Quality Systems Inc., a Tustin provider of computer-based management and records systems for medical and dental groups, reported that fiscal fourth-quarter net income more than doubled to $1.2 million, or 19 cents a share, from $549,000, or 9 cents, a year ago. Revenue rose nearly 22% to $10.7 million. * R.R. Donnelley & Sons Co. has renewed its contract to print People, Time and Sports Illustrated through 2006.
BUSINESS
January 31, 2001
The Tustin provider of computer-based management and electronic records systems for medical and dental groups said net income for the third fiscal quarter more than doubled to a record $966,000, or 16 cents a share, from $475,000, or 8 cents a share, a year earlier. Revenue for the quarter ended Dec. 31 rose 17% to $10.3 million.
BUSINESS
May 16, 1997
Quality Systems Inc. said Thursday it has completed its acquisition of MicroMed Healthcare Systems Inc., a privately held company based in Atlanta, for up to $10.8 million. Tustin-based Quality Systems, which develops and provides computer-based management systems for medical and dental groups, said it will form a new unit from the assets of MicroMed, which provides practice-management systems and services.
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