“Simulations Plus continues to execute on its growth strategy and deliver quantifiable value to its expanding customer base. With more than a decade of consistent growth in revenue and earnings, we believe we are well-positioned for continued success, especially as in silico modeling takes on an increasing importance with our customers,” said Walt Woltosz CEO.
Simulations Plus also declared a quarterly cash dividend of $0.06 per share of the company’s common stock payable on August 2, 2018, to shareholders of record as of July 26, 2018.
Despite the upbeat results, the Lancaster, California-based company’s stock dipped more than 3% in after-hours trading. Shares of Simulations Plus had a splendid run since the beginning of 2018 jumping about 50% and surging 60% in the past one year.