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

income for the first six months of fiscal 2008 was $1.1 million, 8% of revenue for the period. Net loss per basic and diluted share during the first six months of fiscal 2008 were both $0.27 and included $0.29 for the non-cash accounting charge for the preferred stock conversion in the first quarter. Non-GAAP net earnings per basic and diluted share for the first six months of fiscal 2008 were $0.04 and $0.03 respectively.

A reconciliation of GAAP to non-GAAP financial measures is included in the tables attached to this press release and on Pharsight's website under the investor relations section.

Cash & Liquidity

Pharsight exited the second fiscal quarter with cash, cash equivalents and short-term investments of $13 million compared with $14.7 million at the end of fiscal 2007 and $12.7 million at June 30, 2007. During the second fiscal quarter the Company paid off all of its outstanding debt.

Fiscal 2008 Guidance

The Company is reiterating the following guidance for fiscal 2008:

-- Annual revenue growth of approximately 10% to 15% compared with fiscal

2007, or approximately $27.5 million to $29 million.

-- Gross margin of approximately 64% to 68% of revenue, depending on the

revenue mix between software, software services, strategic consulting

services and reporting and analysis services.

-- Non-GAAP net income, excluding stock-based compensation expense, of

approximately 8% to 12% of revenue.

-- Non-GAAP diluted earnings per share of approximately $0.07 to $0.11,

excluding the effects of the following non-cash items: approximately

$0.23 related to the change in the fair value of the conversion feature

of the company's redeemable preferred stock and approximately $0.04

related to stock-based compensation expense.

-- Positive annual cash flow.

"With the continued execution of our growth strategy we remain on track to achieve o
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SOURCE Pharsight Corporation
Copyright©2007 PR Newswire.
All rights reserved

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