Shares of Irvine-based Quality Systems Inc. spiked Friday after the company reported quarterly results that beat Wall Street’s expectations.
Quality, which makes software that dentists and doctors use to manage their practices, posted a $7.7 million profit in the quarter ended June 30, up 51% from a year ago. Analysts expected Quality to earn $6.4 million in the quarter.
Sales rose 32% to $36.1 million from last year. Wall Street was looking for $35.3 million in revenue.
Quality said its NextGen Healthcare Information Systems division’s revenue was $32.2 million, up 36% from a year ago.
The company, which released its earnings after the markets closed late Thursday, counts a market value of $1.1 billion.
Shares of Quality were up 16.2% to $39.49 in late afternoon trading.
