Medidata Solutions, a provider of SaaS-based clinical technology solutions, has reported revenues of $40.31m for the second quarter ended 30 June 2010 compared to $34.03m for the comparable period in 2009.
Medidata Solutions has posted a net income of $2.97m for the second quarter 2010, or $0.13 per diluted share, compared to $200,000, or $0.01 per diluted share, for the comparable period in 2009.
Operating income for the second quarter ended 30 June 2010 was $4.41m, compared to $773,000 for the comparable period in 2009.
For the six months ended 30 June 2010, the company has posted revenue of $77.96m compared to $67.63m for the year ago period.
Operating income for the second quarter ended 30 June 2010 was $7.35m, compared to $3.06m for the year ago period.
For the six months ended 30 June 2010, Medidata Solutions has posted a net income of $4.83m, or $0.20 per diluted share, compared to $1.89m, or $0.11 per diluted share, for the year ago period.
Medidata chief financial officer Bruce Dalziel said that Medidata’s consistent performance extends throughout their financial results and across all key metrics.
“The company’s revenue visibility and growth, coupled with our inherently scalable platform and business model, are driving our financial results,” said Dalziel.