UPDATE: Medidata Solutions Posts Higher Q1 Profit
Medidata Solutions Inc (NASDAQ: MDSO) posted a rise in its first-quarter profit.
Medidata Solutions' quarterly net income surged to $3.8 million, or $0.15 per share, versus $3.2 million, or $0.13 per share, in the year-ago period. Its net revenue surged 24% to $50.4 million.
Medidata Solutions shares closed at $25.91 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.