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Stock impact report

How Veeva Systems Vaulted Above Wall Street Estimates in Q4 [The Motley Fool]

Veeva Systems Inc. Class A (VEEV) 
Last veeva systems inc. class a earnings: 3/3 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
Veeva Systems ( NYSE:VEEV its shares soaring 8% The provider of cloud-based software for the life sciences industry announced its 09 fourth-quarter and full-year results after the market closed on Tuesday. Here are the highlights from Veeva's Q update. Image source: Getty Images. By the numbers Veeva's revenue in the fourth quarter jumped % year over year to $. million. This result came in well above the Wall Street consensus estimate of $98. million. The company reported Q net income of $66. million, or $0. per share, based on generally accepted accounting principles ( GAAP However, it was a different story with Veeva's non-GAAP adjusted earnings. The company announced adjusted net income in the fourth quarter of $8. million, or $0. per share. This was a big jump from adjusted earnings of $7. million, or $0. per share, generated in the same quarter of 08. It also topped the average analysts' estimate of $0. per share. Behind the numbers Veeva makes over 80% of its total revenue from Show less Read more
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