Medidata Solutions Reveals 42% Gain In Q1 Profit

(RTTNews) - Medidata Solutions (MDSO) reported earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $18.19 million, or $0.31 per share. This was higher than $12.83 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.7% to $126.82 million. This was up from $104.24 million last year.

Medidata Solutions earnings at a glance:

-Earnings (Q1): $18.19 Mln. vs. $12.83 Mln. last year. -Earnings Growth (Y-o-Y): 41.8% -EPS (Q1): $0.31 vs. $0.23 last year. -EPS Growth (Y-o-Y): 34.8% -Analysts Estimate: $0.24 -Revenue (Q1): $126.82 Mln vs. $104.24 Mln last year. -Revenue Change (Y-o-Y): 21.7%