Quality Systems Narrows FY18 Adj. EPS Outlook

(RTTNews) - Quality Systems Inc. (QSII) narrowed its fiscal 2018 non-GAAP earnings per share outlook to $0.64 to $0.68 from a range of $0.62 to $0.70. The Company increased the bottom end of its revenue outlook to a range of $522 million to $530 million from a range of $512 to $530 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share and revenues of $524.58 million for the quarter. Analysts' estimates typically exclude special items.

"....While bookings came in light this quarter, our improving attrition rates and increased percentage of recurring revenue enables us to guide to the higher end of our revenue outlook for this year and reinforces our belief in our multi-year growth thesis," said Rusty Frantz, President and Chief Executive Officer of Quality Systems, Inc.