Model N Announces Third Quarter of Fiscal Year 2019 Financial Results
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Model N (MODN) Tops Q3 EPS by 5c, Revenues Beat; Offers Q4 Revenues Views & FY19 EPS/Revenue Guidance Above Consensus
August 6, 2019 5:47 PM EDTModel N (NYSE: MODN) reported Q3 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $34.7 million versus the consensus estimate of $34.14 million.
Third Quarter 2019 Financial Highlights:
Revenues: Subscription revenues were $26.6 million compared to $24.9 million for the third quarter of fiscal year 2018. Total revenues were $34.7 million compared to $39.6 million for the third quarter of fiscal year 2018 which reflects the adoption of ASC 606, the increased focus on selling cloud-based software to customers in life sciences and high tech and the expected reduction in professional services for legacy on-premise... More