- Down 19% on Friday after missing FQ3 sales estimates (while beating on EPS) and reporting a 25% Y/Y software license/hardware revenue drop, Quality Systems (QSII) is recovering a chunk of its losses today.
- On its earnings call (transcript), the healthcare hardware/software provider blamed its FQ3 performance on "hospital unit sales as well as choppiness of the ambulatory software license sales and the impact on related professional service revenues and maintenance," along with a $1.6M software revenue deferral.
- QSII added it anticipates "continued short-term choppiness in quarterly revenues," and promised it will "continue to monitor and manage our expenses proactively to help ensure we achieve a robust bottom line result."