Model N reports Q1 EPS 23c, consensus 22c

Reports Q1 revenue $59.2M, consensus $57.7M. "I am very proud of our team for the strong first quarter results. During the quarter, we signed new logos, closed another significant SaaS transition, expanded within numerous existing customers, and enjoyed strong renewals. Our SaaS ARR grew by 36% year-over-year to reach an all-time high," said Jason Blessing, CEO of Model N. "As we look ahead, we continue to remain focused on driving profitable growth and I’m optimistic about the year ahead."