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

Engaged in 13 different projects for the business unit, including

projects with 3 customers new to Pharsight: Lupin Pharmaceuticals,

Seattle Genetics and NeurogesX

-- Expanded the RAS team with the addition of four scientific specialists.

-- Continued to expand the internship program with the first intern hire

within RAS.

-- Signed a $265,000 agreement with a global biotechnology company for

regulatory population pharmacokinetics and pharmacodynamic analysis and

reporting.

-- Achieved positive margin and strong revenue growth; RAS revenue grew

30% sequentially compared with the fiscal first quarter of 2008.

Other

-- Presented at the New York Pharma Forum on the FDA's Critical Path

Initiative.

-- Presented at the Noble Financial "Two-Double-O-Seven" financial

conference.

-- Applied for Nasdaq Capital Market listing status.

Additional Financial Results

Gross margin in the second quarter of fiscal 2008 was 67%. Net income attributable to common stockholders was $915,000 in the fiscal second quarter of 2008, up 71% compared with $534,000 in the comparable period of fiscal 2007. Net earnings per basic and diluted share were both $0.03 during the second quarter of fiscal 2008 compared with $0.03 and $0.02 respectively during the second fiscal quarter of 2007. Non-GAAP net earnings per basic and diluted share for the second quarter of fiscal 2008 were both $0.04 respectively compared with $0.04 and $0.03 respectively for the second quarter of fiscal 2007.

Revenue for the first six months of fiscal 2008 was $13.4 million, up 14% from $11.7 million reported for the same period of 2007. Gross margin for the first six months of fiscal 2008 was 65%. GAAP net income for the first six months of fiscal 2008 was $532,000, up 12% compared with the comparable period of fiscal 2007. Excluding the impact of the adoption of SFAS 123R, non-GAAP net
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SOURCE Pharsight Corporation
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