Simulations Plus rises on higher Q3 revenue and profit

Simulations Plus

06/07/2022 21:42

** Shares of Simulations Plus Inc  SLP.O  up ~4% at $53.13
after the bell 
    ** Company says Q3 total revenue rose 17% to $15 mln from a
year ago  urn:newsml:reuters.com:*:nASA03G5L
    ** CEO Shawn O'Connor says while the growth trend in its
software business continued during Q3, services business showed
a strong recovery with 19% growth  urn:newsml:reuters.com:*:nBw8hqTMpa
    ** Q3 net income rose to $4.1 mln, or 20 cents per share,
from $3.8 mln, or 18 cents per share, a year earlier 
    ** Company also reaffirms full-year 2022 revenue forecast
    ** Up to Wednesday's close, stock had risen ~8% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))