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Medidata Solutions Inc Raises FY 2013 Guidance; Issues Q2 2013 Guidance Above Analysts' Estimates


Monday, 29 Apr 2013 06:30am EDT 

Medidata Solutions Inc announced that for fiscal 2013, it now expects revenues between $270.0 and $274.0 million, non-GAAP operating income between $61.0 and $64.0 million, based on current estimates, this would equate to GAAP operating income between $23.0 and $26.0 million and adjusted non-GAAP net income, which includes the tax affected impact primarily from stock-based compensation and amortization at a 40% effective tax rate, between $31.5 and $34.5 million. This would equate to GAAP net income between $13.5 and $16.5 million for 2013. For the second quarter of 2013, the Company expects revenues between $65.5 and $67.0 million, non-GAAP operating income between $14.0 and $15.0 million, based on current estimates, this would equate to GAAP operating income between $3.5 and $4.5 million and adjusted non-GAAP net income, which includes the tax affected impact primarily from stock-based compensation and amortization at a 40% effective tax rate, between $7.0 and $8.0 million. Based on current estimates, this would equate to GAAP net income between $1.5 and $2.5 million for the second quarter. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $267.2 million, EBIT of $46.2 million and net income of $30.2 million for fiscal 2013; and revenue of $65.3 million, EBIT of $10.6 million and net income of $6.9 million for the second quarter of 2013. 

Company Quote

45.66
0.63 +1.40%
10:51am EDT