Medidata Solutions Holders Cheer as Co. Issues Q2 Beat, Raises FY Outlook

Medidata Solutions, Inc.

earlier reported (at 6:30AM EDT) Q2 EPS of $0.36 versus the estimated $0.29, beating by $0.07. EPS were Up 57% from the same quarter last year. Revenue came in at $68.10M versus the estimated $66.67M. Sales were Up 27% year over year. The company said it is looking for Q3 sales $69.5-71M vs $70.2M est. The FY13 sales outlook was raised from a prior range of $270-274M to $273-276M vs $274M est.