Reports Q1 revenue $63.5M, consensus $62.2M. “Our first quarter results beat expectations. We exceeded guidance for total revenue, subscription revenue, professional services revenue and adjusted EBITDA.” said Jason Blessing, CEO. “Our strong performance in Q1 was driven by a healthy contribution from all areas of the business. We signed new logos, closed one of our few remaining SaaS transition, saw numerous customer base expansions, and we also enjoyed solid renewals. As we look ahead, we continue to remain focused on driving profitable growth and I’m optimistic about the year ahead.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MODN:
- Nearly Two-Thirds of Life Sciences and High-Tech Executives Set Sights on Advanced Analytics and AI to Improve Revenue Optimization and Profitability in 2024
- Is MODN a Buy, Before Earnings?
- Model N launches price management to help streamline pricing
- Model N Launches Price Management to Help High-Tech Companies Streamline Pricing
- Model N just downgraded at JPMorgan, here’s why