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

ities available to us with the successes we have achieved during the first nine months of fiscal 2008," said Will Frederick, senior vice president and chief financial officer. "During the fiscal third quarter, we successfully re-listed our common stock on the Nasdaq Capital Market, achieving a key goal that we outlined for our investors in fiscal 2007 to heighten our opportunities within the overall investment community. This quarter we also achieved positive fiscal year-to-date cash flow with cash, cash equivalents and short-term investments now in excess of $15 million, with no outstanding debt and a $5 million available credit facility. With our growing portfolio of products and consulting services, and the continued commitment from our dedicated employees, our top- and bottom- line results remain on track with our stated annual guidance."

While Pharsight expects that over the long-term revenues and gross margin will increase in response to customer demand, revenue and gross margin in individual quarters may fluctuate in the future for its software business based upon timing of completion of large software installations. In addition, quarterly revenue and gross margin may also be impacted by the Company's consulting businesses based upon timing of completion of milestones for fixed fee contracts and related revenue recognition for these activities.

Conference Call

Pharsight management will host a conference call and webcast tomorrow, January 25, 2008 at 10:00 a.m. Pacific Time to discuss the Company's fiscal third quarter 2008 results, outlook for fiscal 2008 and current corporate developments. The dial-in number for the conference call is 800-240-2134 for domestic participants and 303-262-2130 for international participants. To access the live webcast of the call, go to Pharsight's website at http://www.pharsight.com and click on the About Pharsight icon. The webcast can then be accessed u
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SOURCE Pharsight Corporation
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