January
18 , 2000
Quality
Systems Announces
Preliminary FY 2000 Third Quarter Results
TUSTIN,
Calif. Quality Systems Inc. (NASDAQ:QSII
- news) announced
today the preliminary results for its third quarter ended Dec.
31, 1999.
The
Company anticipates revenues will be between $8.7 million to $8.9
million. Earnings per share for the FY 2000 third quarter are
expected to be between $0.06 to $0.08 per share. This compares
to Dec. 31, 1998 third quarter revenues of $8.8 million and earnings
per share of $0.06.
Quality
Systems CEO Sheldon Razin said, ``During the quarter, we invested
in marketing and in further developing our Internet strategy.
We feel important progress was made, and the Company is moving
aggressively with our Application Service Provider (ASP) model
solutions and web-enabled applications. We're also developing
new e-healthcare offerings to be announced in the coming weeks.''
This
news release contains forward-looking statements, including those
related to revenue and net income that involve a number of risks
and uncertainties. Among the important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are volume and timing of systems sales
and installations, length of sales cycles and installation process,
seasonal patterns of sales and customer buying behavior, the development
by competitors of new or superior technologies, delays in product
development, undetected errors or bugs in software, product liability,
changing economic, political or regulatory influences on the healthcare
industry, changes in product pricing policies, competitive pressures,
possible regulation of the company's software by the U.S. Food
and Drug Administration, general economic conditions, and the
risk factors detailed from time to time in Quality Systems' periodic
reports and registration statements filed with the Securities
and Exchange Commission as applied to the company as of the date
hereof.