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Nov 30, 2021
Simulations Plus Q1 2022 Earnings Report
Simulations Plus reported Q1 2022 financial results with revenue growth of 16% and EPS growth of 25%.
Key Takeaways
Simulations Plus reported a strong first quarter with double-digit revenue growth driven by the software business and improving momentum in the services business. The company saw a 22% improvement in net income due to a higher software versus services revenue mix.
Total revenue increased by 16%.
Software revenue increased by 19%.
Diluted Earnings Per Share (EPS) increased by 25%.
Board of Directors announced a quarterly dividend of $0.06 per share.
Forward Guidance
Simulations Plus remains focused on its organic growth strategy. The company is confident in achieving its 10-15% total revenue guidance for fiscal 2022.
Positive Outlook
- Investing in sales and marketing function
- Cross-selling products and services
- Enhancing industry leading software offerings
- Adding new and improved functionality
- Incremental capabilities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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