Quality Systems, Inc. Appears on Forbes' Annual List of America's 100 Best Small Companies for 12th
Quality Systems, Inc. Appears on Forbes' Annual List of America's 100 Best Small Companies for 12thConsecutive Year
Company Also Named 8thin "10 Hot Companies Hiring Like Crazy," According to Forbes
IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (NAS: QSII) , a developer of a range of information systems and software for automating medical and dental practices as well as small hospitals, announced today that the Company was ranked 43rd in Forbes' 2012 annual listing of America's 100 Best Small Companies. This marks the 12th consecutive year that the Company has been included on the list. The top 50 in the America's Best Small Companies list appears in the Forbes print edition dated November 5, 2012 and online at http://www.forbes.com/best-small-companies/.
The Forbes list highlights public companies with sales under $1 billion, which are ranked based on return on equity, sales growth and earnings growth over the past year and the past five years. To qualify for inclusion in the list, candidates must have been publicly traded for at least a year, generated annual revenue between $5 million and $1 billion and boasted a stock price no lower than $5 per share. The magazine also factored in stock performance versus each company's peer group during the last 12 months. Click here for detailed methodology.
As listed in the Forbes ranking, Quality Systems boasted increases of 23 percent in sales and 15 percent in earnings per share while achieving a 32 percent return on equity.
In addition to being named among America's 100 Best Small Companies, Quality Systems was recognized from the Forbes list as one of the 10 Hot Companies Hiring like Crazy. This year, Forbes highlighted the "10 most prolific employers" of the list, highlighting those companies whose biggest boost in headcount resulted from U.S. job creation.
"Again, for the 12th year, Quality Systems was been included in Forbes' prestigious ranking of America's Best Small Companies. We continue to demonstrate our abilities to meet the criteria for inclusion in this prominent list. We are proud to be chosen once again, and honored that this year, we also were recognized for growth in our workforce throughout the organization from only 10 companies that were selected from the 100. We thank all our employees for their dedication and contributions and appreciate the loyalty of our client base," said Steven T. Plochocki, president and chief executive officer.
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, including but not limited to, 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, net income and earnings per share). Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements are set forth in Part I, Item A of our most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2012, including but not limited to: 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; impact of incentive payments under The American Recovery and Reinvestment Act on sales and the ability of the Company to meet continued certification requirements; 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; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; and general economic conditions. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of a 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.
Quality Systems, Inc.
Susan J. Lewis, 303-804-0494
KEYWORDS: United States North America California
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