Why Is Model N (MODN) Up 0.3% Since Last Earnings Report?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2024
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Source: NASDAQ.COM
- Model N Q2 Earnings Report: Model N reported mixed results for the second quarter of fiscal 2024, with revenue growth but a bottom-line miss.
- Financial Performance: The company's revenue increased by 4% year over year, driven by demand for cloud revenue management solutions in various industries.
- Operational Highlights: Non-GAAP net income rose, and the company generated $31 million in cash from operating activities in the March quarter.
- Analyst Reactions: Analysts did not issue any earnings estimate revisions for Model N in the last two months.
- Outlook and Comparison: Model N has a Zacks Rank #3 (Hold) with expectations of an in-line return, while Meta Platforms reported positive results in the same industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
