IRVINE, Calif., Nov 18, 2010 (BUSINESS WIRE) —
Quality Systems, Inc.
/quotes/comstock/15*!qsii/quotes/nls/qsii
(QSII
62.43,
+0.68,
+1.10%)
, a developer of a range of
information systems for automating medical and dental practices,
announced today that the company was included in Forbes’ annual
listing of America’s Best Small Companies for 2010, for the 10th
consecutive year. The list appeared in the Forbes print edition
dated November 8, 2010.
To qualify for the lists, companies must be publicly traded for at least
one year, with annual revenue between $5 million and $1 billion and a
stock price no lower than $5.00. The ranking is based on earnings
growth, sales growth and return on equity in the last 12 months and over
five years. Forbes also compared a company’s stock performance
with that of its industry peers.
As listed in the Forbes story, Quality Systems boasted an average
return on equity of 35 percent during the past five years and noted its
appearance on Forbes annual list for the 10th straight
year.
“We are privileged to be included again in Forbes’ list of the
nation’s top best small companies. For 10 straight years, Quality
Systems’ extraordinary growth has been noticed by Forbes, and we
appreciate the acknowledgement. The efforts put forth by all our team of
dedicated employees continues to contribute to the company’s growth,
success and inclusion in this ranking,” said Steven T. Plochocki,
president and CEO.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare
subsidiary develop and market computer-based practice management,
electronic health records and revenue cycle management applications as
well as connectivity products and services for medical and dental group
practices and small hospitals. Visit www.qsii.com
and www.nextgen.com
for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the
meaning of the federal securities laws. Statements regarding future
events, developments, the Company’s future performance, as well as
management’s expectations, beliefs, intentions, plans, estimates or
projections relating to the future (including, without limitation,
statements concerning revenue and net income), are forward-looking
statements within the meaning of these laws and involve a number of
risks and uncertainties. Management believes that these forward-looking
statements are reasonable and are based on reasonable assumptions and
forecasts, however, undue reliance should not be placed on such
statements that speak only as of the date hereof. Moreover, these
forward-looking statements are subject to a number of risks and
uncertainties, some of which are outlined below. As a result, actual
results may vary materially from those anticipated by the
forward-looking statements. Among the important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are: the volume and timing of systems sales
and installations; length of sales cycles and the installation process;
the possibility that products will not achieve or sustain market
acceptance; seasonal patterns of sales and customer buying behavior; the
development by competitors of new or superior technologies; the timing,
cost and success or failure of new product and service introductions,
development and product upgrade releases; undetected errors or bugs in
software; product liability; changing economic, political or regulatory
influences in the health-care industry; changes in product-pricing
policies; availability of third-party products and components;
competitive pressures including product offerings, pricing and
promotional activities; the Company’s ability or inability to attract
and retain qualified personnel; possible regulation of the Company’s
software by the U.S. Food and Drug Administration; uncertainties
concerning threatened, pending and new litigation against the Company
including related professional services fees; uncertainties concerning
the amount and timing of professional fees incurred by the Company
generally; changes of accounting estimates and assumptions used to
prepare the prior periods’ financial statements; general economic
conditions; and the risk factors detailed from time to time in the
Company’s periodic reports and registration statements filed with the
Securities and Exchange Commission. A significant portion of the
Company’s quarterly sales of software product licenses and computer
hardware is concluded in the last month of the fiscal quarter, generally
with a concentration of such revenues earned in the final ten business
days of that month. Due to these and other factors, the Company’s
revenues and operating results are very difficult to forecast. A major
portion of the Company’s costs and expenses, such as personnel and
facilities, are of a fixed nature and, accordingly, a shortfall or
decline in quarterly and/or annual revenues typically results in lower
profitability or losses. As a result, comparison of the Company’s
period-to-period financial performance is not necessarily meaningful and
should not be relied upon as an indicator of future performance. The
Company undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or
otherwise.
SOURCE: Quality Systems, Inc.
Quality Systems, Inc. Susan J. Lewis, 303-804-0494 slewis@qsii.com
Copyright Business Wire 2010
