Model N Announces First Quarter of Fiscal Year 2016 Financial Results
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Model N (MODN) Tops Q1 EPS by 1c; New CEO Named
February 8, 2016 4:17 PM ESTModel N (NYSE: MODN) reported Q1 EPS of ($0.16), $0.01 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $24.5 million versus the consensus estimate of $24.1 million.
Model N also announced that effective February 21, 2016, Founder and current Chairman and Chief Executive Officer, Zack Rinat, will assume the newly-created role of Executive Chairman of the company. Edward Sander will assume the role of Chief Executive Officer and will join the companys Board of Directors.
In a separate release, the company also announced strong results for the first quarter of fiscal year 2016... More
