Certara Inc. (NASDAQ:CERT) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET
Company Participants
David Deuchler - Investor Relations
William Feehery - Chief Executive Officer
John Gallagher - Chief Financial Officer
Conference Call Participants
Jeff Garro - Stephens Inc
David Windley - Jefferies
Mike Ryskin - Bank of America
Max Smock - William Blair
Joe Vruwink - Baird
Vikram Purohit - Morgan Stanley
Operator
Good day, and thank you for standing by. Welcome to the Certara Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, David Deuchler.
David Deuchler
Good afternoon, everyone. Thank you all for participating in today's conference call. On the call from Certara, we have William Feehery, Chief Executive Officer; and John Gallagher, Chief Financial Officer.
Earlier today's retire released financial results for the third quarter ended September 30, 2023. A copy of the press release is available on the company's website. Before we begin, I would like to remind you that management will make statements during this call that include forward-looking statements, and actual results may differ materially from those expressed or implied in forward-looking statements. Please refer to Slide 2 in the company materials for additional information, which you can find on the company's Investor Relations website.
Management may mention some non-GAAP financial measures in their remarks or responses to questions. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are available in the recent earnings press release on the company's website. Please refer to the reconciliation tables in the company materials for additional information.
This conference call contains time-sensitive information and is accurate only as of the live broadcast today November 8, 2023. Certara disclaims any obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise. And with that, I will turn the call over to William.
William Feehery
Thank you, David. Good afternoon, everyone. Thank you for joining Certara's Third Quarter 2023 Earnings Call. John and I will start with prepared remarks, and then we will take your questions. In the third quarter, Certara saw sequential improvement and stabilization in overall business trends with bookings growth in both software and services.
Total company revenue in the third quarter was $85.6 million of 1% compared with the same period a year ago. Software revenue in the quarter was $31.3 million and grew 10% versus last year and services revenue was $54.2 million and declined 4% versus last year.