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

ur full year financial guidance," said Will Frederick, senior vice president and chief financial officer of Pharsight. "Following our preferred stockholders' share conversion to common stock during the first quarter, we subsequently paid off all of our debt this quarter in order to further strengthen and streamline our balance sheet. We believe we have a reasonable plan that should allow us to gain listing status on the Nasdaq Capital Market, which we expect to provide us with an expanded investor audience. This listing status coupled with continued top- and bottom-line growth should put us in a position to capitalize on strategic growth opportunities in the future."

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, October 26, 2007 at 10:00 a.m. Pacific Time to discuss the Company's fiscal second quarter 2008 results, outlook for fiscal 2008 and current corporate developments. The dial-in number for the conference call is 800-218-0204 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 under the Investor Relations section. A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will remain availa
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SOURCE Pharsight Corporation
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