The posting of higher sales and profits in the last quarter for Quality Systems Inc. has led to the increase in the share prices of this Irvine-based medical software company. It is known for making softwares that are used to manage the practices of doctors and dentists.
The shares rose up to 5 % with a market value of about $1.8 billion. The company succeeded in raising its profits to 13% in comparison to last year. The profits of the last three months came out to be $11.8 million that are higher than the expectations of the Wall Street stock exchange.

The analysts had projected the revenue of the company to be $69.5 million which has risen to $71.7 million i.e. 22 % in comparison to the previous year. Quality believes that the reason for increase in revenue is because of the federal government’s economic stimulus plan.
As per the plan, the company can use $20 billion for expanding the usage of electronic medical records. The chairman of Quality Systems, Sheldon Razin feels that the company will gain more revenue from the above said plan.

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