Analyst Coverage

Firm Analyst
Auriga USA, LLC   Gene Mannheimer
Citigroup   Garen Sarafian
Credit Suisse   Glen Santangelo
Dougherty & Company   Raghavan Sarathy
Goldman Sachs   Sebastian Paquette
Jefferies   David Windley
Morgan Keegan   Jamie Stockton
Needham & Company   Michael Huang
Raymond James   Sandy Draper

Medidata is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Medidata's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Medidata or its management. Medidata does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.