Irvine-based medical software maker Quality Systems Inc. on Thursday posted a profit in its most recent quarter that met expectations.
Quality, which makes software that dentists and doctors used to manage their practices, said its profit for the three months through December was unchanged from a year earlier at $13.2 million and in line with Wall Street’s expectations.
Revenue was up 14% to $75 million, slightly below analysts’ projection of $75.5 million.
Quality said revenue for its dominant NextGen division, which makes software for doctors, grew 15% to $70.6 million.
Wall Street was unfazed by Quality’s results. Its shares closed down about 5% with a market value of about $1.6 billion on Thursday.
The company didn’t offer an outlook for the current quarter. Analysts expect the software maker to post a profit of $14.4 million on revenue of $79 million.
