Simulations Plus, Inc. (NASDAQ:SLP) Q2 2022 Earnings Conference Call April 6, 2022 5:00 PM ET
Company Participants
Brian Siegel - Hayden IR
Shawn O'Connor - Chief Executive Officer
Will Frederick - Chief Financial Officer
Conference Call Participants
Francois Brisebois - Oppenheimer
Lucas Baranowski - Craig-Hallum Capital Group
Operator
Greetings, and welcome to the Simulations Plus Second Quarter Fiscal 2022 Financial Results Conference Call. At this time, all participants are listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Brian Siegel, from Hayden IR. Thank you, Mr. Siegel, you may now begin.
Brian Siegel
Good afternoon, everyone. Welcome to our second quarter fiscal 2022 financial results conference call. Hosting the call today are Simulation Plus' CEO, Shawn O'Connor; and CFO, Will Frederick. An opportunity to ask questions will follow today's presentation.
Before beginning, I would like to remind everyone that except for historical information, the matters discussed in this presentation are forward-looking statements that involve a number of risks and uncertainties. Words like believe, expect and anticipate mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements.
Factors that could cause or contribute to such differences include, but are not limited to, our ability to maintain our competitive advantages, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, our ability to identify and close acquisitions on terms favorable to the company, and a sustainable market.
Further information on the company's risk factors is contained in the company's quarterly and annual reports and filed with the US Securities and Exchange Commission.
With that said, I would like to turn the call over to Shawn O'Connor. Shawn?
Shawn O'Connor
Thank you, Brian. Second quarter was another successful period for Simulations Plus. Revenue growth of 13% was in the upper half of our guidance range, and we continued to make strategic and operational progress across both segments of our business. We are well positioned to achieve our full year goals. The 13% revenue growth was purely organic and surpassed the 11% organic growth rate in the last year's second quarter.