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Article: Phase Forward Reports Fourth Quarter and Full Year 2008 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 5, 2009
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* Fourth quarter non-GAAP revenues of $49.1 million, increase of 30% over prior year
* Fourth quarter non-GAAP operating income of $7.5 million, increase of 43% over prior year
WALTHAM, Mass. -- 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 fourth quarter and full year 2008.
GAAP revenues for the fourth quarter of 2008 were $48.3 million, a 28% increase from $37.8 million in the fourth quarter of 2007. Within total revenues, InForm[TM] license, application hosting and other related revenues were $35.3 million, ...