Quality Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Reiterates Earnings Guidance for the Fiscal Year 2018
For the nine months, the company reported total revenues of $395.244 million against $377.239 million a year ago. Income from operations was $21.863 million against $20.358 million a year ago. Income before provision for income taxes was $19.601 million against $17.776 million a year ago. Net income was $13.467 million or $0.21 per basic and diluted share against $13.826 million or $0.22 per basic and diluted share a year ago. Income before provision for income taxes - Non-GAAP was $49.022 million against $54.783 million a year ago. Net income - Non-GAAP was $34.070 million or $0.54 per diluted share against $38.074 million or $0.62 per diluted share a year ago. $18.7 million is the operating cash flow and the CapEx was $2.3 million.
For the fiscal year 2018, the Company is reiterating its revenue outlook of a range of $522 million to $530 million. The Company is also reiterating its non-GAAP EPS from a range of $0.64 and $0.68. The company's GAAP effective tax rate year-to-date is 31.3%, and are continuing to use the non-GAAP tax rate of 30.5%.