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Pharsight Achieves $7.4 Million in Quarterly Revenue
Date:1/24/2008

uccessful efforts to diversify our SCS business practice have resulted in our top five customers representing 50% of our total SCS revenue this quarter compared with 74% in the same quarter of fiscal 2007.

During the first 9 months of fiscal 2008, we've achieved annual revenue growth of 16%, gross margin of 65% and non-GAAP net income that was 9% of revenue," continued Mr. O'Connor. "Based upon our year-to-date performance, we remain on track with our full-year financial guidance."

Recent Highlights

Pharsight's recent highlights in its software and consulting services businesses include:

Software

-- Achieved 20% revenue growth in the first nine months of fiscal 2008

compared with the same period of fiscal 2007.

-- Added 21st PKS customer.

-- 38% of PKS installed based purchased additional licenses year-to-date.

-- Achieved third WinNonlin AutoPilot customer.

-- IVIVC Toolkit for WinNonlin surpassed 100th customer milestone.

Consulting Services

Strategic Consulting Services (SCS)

-- Continued to diversify revenue base with top five customers

representing 50% of revenue compared with 74% in the same period last

fiscal year.

-- Engaged in 9 new projects.

-- Utilized an FDA quantitative disease model for non-small cell lung

cancer to support Pharsight client's oncology drug development program.

-- Continued to make featured presentations at key industry meetings

including the Second Annual Drug Information Association (DIA) Cardiac

Safety Conference, the American Association of Pharmaceutical

Scientists (AAPS) and the Institute for Operations Research and the

Management Sciences (INFORMS).

-- Expanded scientific team with the hiring of an additional senior

associate scientist.

Reporting and Analysis Services (RAS)

-- Engaged in a total of 20 different projects for th
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SOURCE Pharsight Corporation
Copyright©2008 PR Newswire.
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Related biology technology :

1. Pharsight Announces Fiscal Third Quarter 2008 Earnings Release Date and Conference Call
2. Pharsights Reporting and Analysis Services Business Reaches Quality Assurance Milestone
3. Pharsight Signs Third WinNonlin(R) AutoPilot(TM) Customer
4. Pharsight Announces 1-For-3 Reverse Stock Split
5. Pharsight Invited to Present on Oncology Modeling and Simulation at Quantitative Pharmacology Symposium in China
6. Pharsight Invited to Present on Winning Strategies for R&D Productivity at New York Pharma Forum on October 15, 2007
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9. Pharsight to Present at ROeS Seminar in Bern, Switzerland on September 10 & 11, 2007
10. Pharsight Achieves First License Sale for Public-Source Database
11. Dalton Medicinal Chemistry Partners Achieves Another Milestone in Collaboration with Boehringer Ingelheim (Canada) Ltd.
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