In the Q2, Model N Inc 's corporate clients experienced a reduction by -0.96 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -22.12 %. During the corresponding time, Model N Inc recorded a revenue increase by 2.61 % year on year, sequentially revenue grew by 2.58 %. While revenue at the Model N Inc 's corporate clients recorded rose by 1.49 % year on year, sequentially revenue fell by -19.64 %.
Customers of Model N Inc saw their costs of revenue decrease by -0.96 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -22.12 %, for the same period Model N Inc recorded revenue increase by 2.61 % year on year, sequentially revenue grew by 2.58 %.
Model N Inc's Comment on Sales, Marketing and Customers
Our customers range in size from the largest multi-national corporations to smaller
companies. Our customers represent a range of sub-verticals within the larger
life sciences and technology industries, including biotechnology, pharmaceutical,
medical device, semiconductor, electronic component, consumer electronics and
software.
We pursue close, long-term relationships with our customers because we believe
strong customer relationships are the key to our success. Customers of our Revenue
Cloud solutions enter into a software-as-a-service agreement that provides for
a subscription to our solutions as well as implementation services. Customers
maintaining on-premise implementations under legacy contracts also purchase,
at their discretion, maintenance and support services on an annual basis. We
often sell to multiple divisions within our customers’ organizations,
which have the ability to independently purchase solutions and services directly;
however, we treat multiple divisions as a single customer to the extent they
are part of a single organization. Johnson & Johnson, accounted for approximately
11% of our total revenues.
Model N Inc’s Comment on Sales, Marketing and Customers
Our customers range in size from the largest multi-national corporations to smaller
companies. Our customers represent a range of sub-verticals within the larger
life sciences and technology industries, including biotechnology, pharmaceutical,
medical device, semiconductor, electronic component, consumer electronics and
software.
We pursue close, long-term relationships with our customers because we believe
strong customer relationships are the key to our success. Customers of our Revenue
Cloud solutions enter into a software-as-a-service agreement that provides for
a subscription to our solutions as well as implementation services. Customers
maintaining on-premise implementations under legacy contracts also purchase,
at their discretion, maintenance and support services on an annual basis. We
often sell to multiple divisions within our customers’ organizations,
which have the ability to independently purchase solutions and services directly;
however, we treat multiple divisions as a single customer to the extent they
are part of a single organization. Johnson & Johnson, accounted for approximately
11% of our total revenues.
Sources:
Model N Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Model N Inc’s corporate clients.
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