Veeva Systems Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Shares Climb After Hours

MT Newswires Live
03-06

Veeva Systems (VEEV) reported fiscal Q4 non-GAAP earnings late Wednesday of $1.18 per diluted share, up from $0.90 a year earlier.

Analysts polled by FactSet expected $1.58.

Revenue in the three months ended Jan. 31 rose to $720.9 million from $630.6 million a year earlier.

Analysts surveyed by FactSet expected $699.2 million.

The company forecast fiscal Q1 non-GAAP earnings of $1.74 to $1.75 a share on revenue of $726 million to $729 million. Analysts surveyed by FactSet expect EPS of $1.63 on revenue of $726.5 million.

The company projects full-year non-GAAP earnings of $7.32 a share on revenue of $3.04 billion to $3.055 billion. Analysts polled by FactSet expect EPS of $6.97 on revenue of $3.06 billion.

Shares of the company rose 6.9% in after-hours trading.

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