Welcome to our dedicated page for Model N news (Ticker: MODN), a resource for investors and traders seeking the latest updates and insights on Model N stock.
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Model N, Inc. (NYSE: MODN) reported preliminary financial results for Q4 and fiscal year 2020, surpassing revenue and profitability guidance. CEO Jason Blessing noted strong execution in acquiring new customers and transitioning to SaaS. The company confirmed the departure of CFO David Barter, who will assist during the transition period until the November 10 earnings call. Model N's ongoing growth strategy and new customer acquisitions indicate a promising outlook despite economic challenges. Financial results will be announced after market close on November 10, 2020.
Model N, Inc. (NYSE: MODN) announced the successful global rollout of its revenue management software at AVX Corporation, a leading electronic components manufacturer. This marks the completion of AVX's three-phase deployment, now fully utilizing Model N's High Tech Revenue Cloud. The partnership has allowed AVX to overhaul its business processes significantly, enhancing efficiency and productivity. Over 50,000 quotes and 3,000 ship and debits have been processed since the first deployment in February 2020, showcasing the effective collaboration between both companies.