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Stock impact report

Veeva Systems Pops on Third-Quarter Earnings Beat, Guidance Raise [TheStreet.com]

Veeva Systems Inc. Class A (VEEV) 
Last veeva systems inc. class a earnings: 3/3 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
Veeva Systems Pops on Third-Quarter Earnings Beat, Guidance Raise Veeva Systems ( VEEV Get Report Third-quarter adjusted earnings of 60 cents a share topped analysts' forecasts by 6 cents, while revenue of nearly $281 million also came in higher than expectations. Subscription revenue in the period rose 27% from a year earlier to $226.8 million. The company said it expects fiscal-year adjusted earnings of $2.16 to $2.17 a share, up from its previous outlook of $2.11 to $2.13. Analysts were estimating earnings of $2.12 a share. Veeva expects revenue for the fiscal year of about $1.09 billion vs. previous guidance of $1.06 billion to $1.07 billion. Analysts on Wall Street expect fiscal-year revenue at Veeva to come in at $1.06 billion. "Our outperformance in both Veeva Commercial Cloud and Veeva Vault reflects the tremendous opportunity we have in life sciences," said Chief Financial Officer Tim Cabral in a statement. "We're continuing our investments to drive customer success and long- Show less Read more
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