Benchmark 8th Annual Discovery Conference

Authors: O’Connor S
Division: Simulations Plus

Highlights

  • Strong revenue growth for the quarter and full year

–15% growth for the full year at high end of historical 10-15% range and comparable to 10% organic growth last year

–20% growth for the quarter reflects goal of moving to 15-20% consistent range

  • Software business steady consistent growth

–Q4 growth at 21% made up for Q3 shortfall

–Full year growth at 11% consistent with prior years

  • Consulting business revenue growth strong

By Shawn O’Connor

Benchmark 8th Annual Discovery Conference, December 4, 2019

–21% yr/yr growth in consulting capacity

–19% revenue growth for quarter; 19% revenue growth for full year

–Key new service business closures in each division

  • Key initiatives – Progress in each area

–Increased investment in sales and marketing resources

–Increased consulting service resources to support demand-driven growth

–Increased international opportunities

  • 4th quarter performance and results for the full year reflect strong market demand and the impact of key initiatives to accelerate beyond historical revenue growth rates profitably

By Shawn O’Connor

Benchmark 8th Annual Discovery Conference, December 4, 2019