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Medidata Solutions Inc Issues FY 2013 Outlook; Revenue, EBIT Outlook Above Analysts' Estimates; Issues Q1 2013 Revenue, EBIT Outlook Above Estimates; Issues Q1 2013 Net Income Outlook Below Estimates


Thursday, 21 Feb 2013 06:29am EST 

Medidata Solutions Inc announced that for fiscal 2013, it expects revenues between $265.0 and $270.0 million, Non-GAAP operating income between $57.0 and $60.0 million, based on current estimates, this would equate to GAAP operating income between $20.0 and $23.0 million. Adjusted non-GAAP net income, which includes the tax affected impact from stock-based compensation and amortization at a 40% effective tax rate, between $28.0 and $31.0 million. Based on current estimates, this would equate to GAAP net income between $10.5 and $13.5 million. For the first quarter of 2013, the Company expects revenues between $60.5 and $61.5 million, Non-GAAP operating income (EBIT) between $11.0 and $12.0 million, Based on current estimates this would equate to GAAP operating income between $4.0 and $5.0 million. Adjusted non-GAAP net income, which includes the tax effected impact from stock-based compensation and amortization at a 40% effective tax rate, between $5.0 and $6.0 million. Based on current estimates, this would equate to GAAP net income between $2.0 and $3.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $257.5 million, EBIT of $43.6 million and net income of $30.3 million for fiscal 2013; and revenue of $60.3 million, EBIT of $10.3 million and net income of $6.4 million for the first quarter of 2013. 

Company Quote

46.78
-0.24 -0.51%
19 Dec 2014