Medidata Solutions (MDSO) Tops Q4 EPS by 8c, Offers FY Guidance

Medidata Solutions (NASDAQ: MDSO) reported Q4 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $167.2 million versus the consensus estimate of $167.92 million.

GUIDANCE:

Medidata Solutions sees FY2019 revenue of $734-746 million, versus the consensus of $749.49 million.

• Subscription revenue between $619 and $631 million, representing 17% growth at the midpoint
• Professional services revenue of approximately $115 million
• GAAP operating income between $49 and $57 million. Non-GAAP operating income5, which excludes the impact of depreciation, amortization of intangible assets, and stock-based compensation expense, between $175 and $183 million
• GAAP net income between $39 and $46 million. Non-GAAP net income5, which excludes the impact of stock-based compensation, amortization, non-cash interest expense, cash compensation from acquisition-related agreements, and any contingent consideration fair value adjustments, tax-effected at a 25% rate, between $107 and $114 million
• While changes in the stock price could change the fully diluted share count, Medidata is assuming 62.5 million fully diluted shares

For earnings history and earnings-related data on Medidata Solutions (MDSO) click here.

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