Quality Systems, Inc. Earns Most Gold Awards in CEO World Awards Program
June 30 2015 - 4:00AM
Business Wire
Company Dominates Competition with Six Gold
Award Wins
Quality Systems, Inc. (NASDAQ: QSII) announced today that it has
earned six gold awards in the worldwide CEO World Awards program,
created to honor and generate industry wide recognition of the
achievements and positive contributions of CEOs worldwide in every
area. The awards were presented at a gala event in San Francisco
last night.
The Company earned the prestigious gold awards in the following
categories:
- Best Overall Company of the Year –
Information Technology Software
- Management Team of the Year –
Information Technology Software
- Milestone of the Year – Information
Technology Software
- Administrative Assistant to the CEO –
Desiree Vale
- CEO of the Year – Steven T.
Plochocki
- CEO Excellence of the Year –
Information Technology Software
The annual CEO World Awards program emphasizes the world’s best
in leadership, innovation, organizational performance, new products
and services, CEO case studies and customer satisfaction programs
across nearly every major industry worldwide. Organizations from
around the world are eligible to submit nominations including
public and private, for-profit and non-profit, largest to smallest
and new start-ups.
“We are honored to earn six gold awards for our organization in
this international competition. Quality Systems’ senior management
led our team in executing a strategic plan that highlights the
breadth and depth of our nearly 30 products and services aimed at
helping medical providers navigate today’s changing face of
healthcare,” said Quality Systems President and Chief Executive
Officer Steven T. Plochocki.
“Under the leadership of Dan Morefield, our chief operating
officer, and execution plans driven by Gary Voydanoff, executive
vice president – sales and marketing, Monte Sandler, executive vice
president, RCM Services and Michael Lovett, executive vice
president and general manager of NextGen Healthcare, we were able
to transform the company. The commitment of this leadership team,
coupled with that of our nearly 3,000 employees, came to fruition
during 2014 and is continuing into 2015. Their tireless efforts and
dedication contributed to the 10 percent revenue growth Quality
Systems delivered for fiscal 2015, propelling the Company to its
$500 million revenue mark, of which 83 percent was recurring. The
team’s efforts also produced a 74 percent improvement in net income
for fiscal 2015, and nearly $83 million in cash flow from
operations, along with $131 million in cash and marketable
securities with no debt. All these efforts afford Quality Systems a
strong foundation from which to further grow. I am personally proud
of the team and the organization’s recognized accomplishments,”
Plochocki concluded.
About the CEO World Awards
CEO World Awards are an annual industry and peers recognition
program honoring CEOs and Companies of all types and sizes in North
America, Europe, Middle-East, Africa, Asia-Pacific, and
Latin-America. The Annual CEO World Awards is part of the SVUS
Awards recognition program from Silicon Valley in the United States
of America which also includes Consumer World Awards, Customer
Sales and Service World Awards, Golden Bridge Awards, Globe Fastest
Growing Private Companies Awards, Info Security’s Global Excellence
Awards, Network Products Guide’s IT World Awards, Pillar Employee
Recognition World Awards, PR World Awards, and Women World Awards.
Learn more about The CEO World Awards at
www.ceoworldawards.com.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen
Healthcare subsidiary develop and market computer-based practice
management, electronic health records and revenue cycle management
applications as well as connectivity products and services for
medical and dental group practices and small hospitals. Visit
www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within
the meaning of the federal securities laws, including but not
limited to, statements regarding future events, developments in the
healthcare sector and regulatory framework, the Company's future
performance, as well as management's expectations, beliefs,
intentions, plans, estimates or projections relating to the future
(including, without limitation, statements concerning revenue, net
income, and earnings per share). Risks and uncertainties exist that
may cause the results to differ materially from those set forth in
these forward-looking statements. Factors that could cause the
anticipated results to differ from those described in the
forward-looking statements and additional risks and uncertainties
are set forth in Part I, Item A of our most recent Annual Report on
Form 10-K for the fiscal year ended March 31, 2015, including but
not limited to: the volume and timing of systems sales and
installations; length of sales cycles and the installation process;
the possibility that products will not achieve or sustain market
acceptance; seasonal patterns of sales and customer buying
behavior; impact of incentive payments under The American Recovery
and Reinvestment Act on sales and the ability of the Company to
meet continued certification requirements; the development by
competitors of new or superior technologies; the timing, cost and
success or failure of new product and service introductions,
development and product upgrade releases; undetected errors or bugs
in software; product liability; changing economic, political or
regulatory influences in the health-care industry; changes in
product-pricing policies; availability of third-party products and
components; competitive pressures including product offerings,
pricing and promotional activities; the Company's ability or
inability to attract and retain qualified personnel; possible
regulation of the Company's software by the U.S. Food and Drug
Administration; changes of accounting estimates and assumptions
used to prepare the prior periods' financial statements; and
general economic conditions. A significant portion of the Company's
quarterly sales of software product licenses and computer hardware
is concluded in the last month of a fiscal quarter, generally with
a concentration of such revenues earned in the final ten business
days of that month. Due to these and other factors, the Company's
revenues and operating results are very difficult to forecast. A
major portion of the Company's costs and expenses, such as
personnel and facilities, are of a fixed nature and, accordingly, a
shortfall or decline in quarterly and/or annual revenues typically
results in lower profitability or losses. As a result, comparison
of the Company's period-to-period financial performance is not
necessarily meaningful and should not be relied upon as an
indicator of future performance. The Company undertakes no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20150630005301/en/
Quality Systems, Inc.Susan J. Lewis,
954-389-3700slewis@qsii.com
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