- In addition to missing Q4 revenue estimates (while beating on EPS), Medidata (NASDAQ:MDSO) is guiding for 2016 revenue of $450M-$474M, almost entirely below a $473.9M consensus. No explanation is given in the earnings release for the guidance.
- Non-GAAP net income is expected to rise to $54.5M-$59M from 2015's $50.8M ($0.90/share). The 2016 EPS consensus is at $1.08.
- Billings rose 19% Y/Y in 2015 to $423M, and subscription backlog 19% to $334M. Medidata's client base rose by 26% to 611.
- Subscription revenue totaled $84.6M in Q4, and professional services revenue $14.3M. GAAP operating costs/expenses rose 16% to $67.3M (compares with 11% revenue growth).
- Medidata's Q4 results, earnings release