August 7, 2008 / 9:29 PM / 11 years ago

UPDATE 1-Quality Systems Q1 profit beats Street

(Recasts; adds details, share movement)

Aug 7 (Reuters) - Healthcare information systems provider Quality Systems Inc’s QSII.O quarterly profit beat market estimates, helped by a 34 percent rise in revenue at its NextGen Healthcare Information Systems division, sending its shares up 10 percent.

The company posted net income of $11.1 million, or 40 cents a share, compared with $7.9 million, or 29 cents a share, in the year-ago period.

Total revenue for the first quarter ended June 30 rose 31 percent to $55.2 million. NexGen contributed $51.2 million in revenue.

Analysts on average forecast earnings of 37 cents a share on revenue of $51.9 million, according to Reuters Estimates.

Shares of Quality Systems rose to $36.69 in trading after the bell. They closed at $33.29 Thursday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalorel; Editing by Pratish Narayanan)

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