Analyst Coverage

Firm Analyst
Citi   Garen Sarafian
Credit Suisse   Glen Santangelo
Deutsche Bank   George Hill
HM Global   Leo Carpio
Jefferies   David Windley
J.P. Morgan   Sterling Auty
Morgan Stanley   Jennifer Lowe
Needham & Company   Michael Huang
Piper Jaffray   Sean Wieland
Stifel, Nicolaus & Co., Inc.   Steve Rubis
SunTrust Robinson Humphrey   Sandy Draper
Topeka Capital Markets   Gene Mannheimer
Wells Fargo   Jamie Stockton

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.