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Model N Announces First Quarter of Fiscal Year 2018 Financial Results

MODEL N INC (MODN)  More Company Research Source: Business Wire
Last model n inc earnings: 2/6 04:15 pm Check Earnings Report
PDF SAN MATEO, Calif.--(BUSINESS WIRE)-- Model N, Inc., (NYSE: MODN), the leading provider of cloud-based Revenue Management solutions to life sciences, technology and manufacturing companies, today announced financial results for the first quarter, which ended December 31, 2017. “Model N exceeded both revenue and profitability guidance and started fiscal year 2018 with record SaaS and Maintenance revenues, which is a testament to the progress we have made in transitioning our business model to SaaS,” said Zack Rinat, Founder, Chairman and Chief Executive Officer of Model N. “We are committed to completing the transformation of Model N to a 100% SaaS business model.” First Quarter 2018 Financial Highlights: Revenues: SaaS and maintenance revenues were $32.3 million compared to $22.6 million for the first quarter of fiscal 2017. Total revenues were $39.1 million after the $0.6 mill [Read more]

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