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Mediadata Solutions drops nearly 8% after Q3 rev. miss, in-line guidance

Published 10/26/2017, 09:38 AM
Updated 10/26/2017, 09:38 AM
© Reuters.  Mediadata Solutions drops nearly 8% after Q3 rev. miss, in-line guidance
  • Mediadata Solutions (NASDAQ:MDSO) shares are down 7.89% following a Q3 report that beat EPS estimates but missed on revenue. The company reaffirms its FY17 guidance with revenue from $538M to $562M (consensus: $553.55M) and non-GAAP net income of $69M to $74M.
  • Key metrics: subscription revenue, $118.4M (+17%); professional services revenue, $217M (+17%); remaining adjusted subscription backlog, $117M (+15%); total multi-year subscription backlog, $898M (+57%).
  • Financials: GAAP gross margin, 77.5% (+180 bps); operating margin, 15.7% (+330 bps); cash flow from operations, $30.9M (+480% Y/Y); cash and equivalents, $553.6M.
  • Press release
  • Previously: Medidata Solutions beats by $0.02, misses on revenue (Oct. 26)
  • Now read: Premier (PINC) Presents At 2017 Wells Fargo (NYSE:WFC) Healthcare Conference - Slideshow


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