Quality Systems beats predictions

From Times Wire Services

Shares of Quality Systems Inc. surged 13% as the Irvine medical records and billing software maker reported better-than-expected results for its fiscal third quarter.

Shares gained $3.82 to close at $33.92.

Late Tuesday, the company said quarterly net income rose 29% to $11.2 million, or 40 cents a share, from $8.7 million, or 32 cents a share, for the year-earlier quarter.

Revenue climbed 25% to $48.1 million from $38.5 million.

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