Total quarterly revenue rose 29% to $65.8 million. System sales during the quarter fell less than 1% compared with the same period a year earlier. But sales of revenue cycle management services totaled $8.1 million during the fourth quarter, compared with $259,000 during the same period in FY 2008. Quarterly revenue from electronic data interchange rose 25% and revenue from other services increased 38%.
The company says it experienced delays in purchasing decisions related to uncertainty surrounding the American Recovery and Reinvestment Act, which was enacted in mid-February. Quality Systems' stock price fell more than 6% in late-morning trading May 29 on the NASDAQ Exchange.
For the quarter, NextGen had operating income of $21.7 million, up 13%, while revenue rose 31% to $62.1 million.
For all of fiscal 2009, Quality Systems' net income rose 15% to $46.1 million, while revenue increased 32% to $245.5 million.
More information is available at qsii.com.
--Joseph Goedert
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