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Pharsight Achieves $7.3 Million in Quarterly Revenue
Date:10/25/2007

Net Income to Common Stockholders Grows 71% During the Second Fiscal

Quarter

Company Reiterates Fiscal 2008 Guidance

MOUNTAIN VIEW, Calif., Oct. 25 /PRNewswire-FirstCall/ -- Pharsight Corporation (OTC Bulletin Board: PHST), a leading provider of software and strategic services designed to optimize clinical drug development, today announced financial results for its second quarter of fiscal 2008, ended September 30, 2007. Revenue for the second quarter was $7.3 million, a 17% increase compared with revenue of $6.3 million in the second quarter of fiscal 2007.

"During the second fiscal quarter of 2008 we achieved the highest quarterly revenue in the Company's history and we believe this illustrates the successful execution of our growth strategy," said Shawn O'Connor, chairman and chief executive officer. "In our software business unit, we grew revenue by more than 16% year-over-year and added our 20th PKS(TM) customer. Additionally, we added our second WinNonLin(R) Autopilot(TM) client and continued to see existing enterprise software clients purchase new licenses for previously deployed products. To date, 35% of our existing installed base of PKS clients have now purchased additional licenses. Within our consulting services businesses, which include Strategic Consulting Services (SCS) and Reporting and Analysis Services (RAS) we added eight new clients, including one that is utilizing both SCS and RAS services. We have continued to reduce our reliance on our top two SCS customers while still achieving 7% year-over-year SCS revenue growth during the fiscal second quarter.

During the first 6 months of fiscal 2008, we achieved revenue growth of 14% and non-GAAP net income that was 8% of revenue," continued Mr. O'Connor. "Based upon our year-to-date performance, we believe we are on track to achieve our full-year financial guidance."

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