Quality Systems, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. Revenues for the fiscal 2018 third quarter of $131.7 million compared to $127.9 million a year-ago. On a GAAP basis, net income for the 2018 third quarter was $1.5 million, compared with $10.5 million in the 2017 third quarter. Non-GAAP net income for the 2018 third quarter was $9.4 million compared with non-GAAP net income of $14.4 million in the 2017 third quarter. On a GAAP basis, fully diluted earnings per share was $0.02 in the fiscal 2018 third quarter compared with $0.17 per share for the same period a year ago. On a non-GAAP basis, fully diluted earnings per share for the fiscal 2018 third quarter was $0.15 versus $0.23 reported in the third quarter a year ago. Income from operations was $3.787 million against $13.461 million a year ago. Income before provision for income taxes was $3.028 million against $12.828 million a year ago. Income before provision for income taxes - Non-GAAP was $13.502 million against $20.662 million a year ago.

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%.