Model N (MODN) Tops Q4 EPS by 1c; Issues Mixed Outlook

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Go back to Model N (MODN) Tops Q4 EPS by 1c; Issues Mixed Outlook

Model N Announces Fourth Quarter and Fiscal Year 2015 Financial Results

November 9, 2015 4:15 PM EST

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Model N, Inc., (NYSE: MODN), the leading provider of cloud-based Revenue Management solutions to life science, technology and manufacturing companies, today announced financial results for the fourth quarter and full fiscal year 2015, which ended September 30, 2015.

Model N ended a strong fiscal year 2015 with a strong Q4. We grew both sequentially and year over year in every quarter of the fiscal year while concurrently transforming our business model to SaaS and recurring revenues. Model N grew fourth quarter total revenue 25% and SaaS and Maintenance revenue 37% versus Q4 fiscal year... More