The stock price of Quality Systems Inc., parent company of NextGen Healthcare Information Systems, dropped 15% over two trading days after reporting increased revenue but flat profit during the third quarter of fiscal 2010.
For the quarter ended Dec. 31, Irvine, Calif.-based QSI had $13.2 million in net income or 46 cents per share, unchanged from the third quarter of fiscal year 2009. Revenue increased 14% to $75 million. NextGen during the quarter saw operating income increase 8% to $24.5 million while revenue rose 15% to $70.6 million.
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