Phase Forward Reports First Quarter 2009 Results
Phase Forward Incorporated (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced its financial results for the first quarter of 2009.
GAAP revenues for the first quarter of 2009 were $48.8 million, a 28% increase from $38.0 million in the first quarter of 2008. Within total revenues, InForm™ license, application hosting and other related revenues were $36.4 million, representing 74.6% of first quarter total revenues and an increase of 26.2% from $28.8 million in the prior year period.
- Published: 29 April 2009
- Written by Editor