Shares of Irvine-based Quality Systems Inc. rose 4% in after-hours trading Monday, following the healthcare software company’s quarterly earnings results that beat Wall Street expectations.
Quality said after the close of trading Monday that it posted net income of $4.8 million in the quarter ended March 31, versus $3.1 million a year earlier. Analysts had expected profit of $4.2 million, according to a survey by Thomson Financial.
Revenue in the quarter rose 36% to $25.5 million. Analysts had expected sales of $23.8 million in the period.
Meanwhile, Quality said it earned $16.1 million for the 12-month period, versus $10.4 million a year ago. Revenue was $89 million, up 25% from a year earlier.
The company, including its NextGen Healthcare Information Systems division, develops software to manage medical practices, patient records and link medical and dental group records.
Shares of Quality were trading at $55.7 in after-hours trading, up from a low of $22.7 in the past year amid rising demand for healthcare software from doctors, hospitals and others.
Quality counted a recent market value of $697 million.
