Model N (MODN) Tops Q4 EPS by 2c; Issues Light Guidance

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Go back to Model N (MODN) Tops Q4 EPS by 2c; Issues Light Guidance

Model N Announces Fourth Quarter and Fiscal Year 2016 Financial Results

November 7, 2016 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 2016, which ended September 30, 2016.

Our results for the fourth quarter show continued strength in our recurring SaaS and Maintenance revenue which grew 32% year over year and represented 79% of this quarters total revenue, said Edward Sander, Chief Executive Officer of Model N.

Sander continued, During the quarter, the challenges we have been facing... More