Stock Track | Veeva Systems Soars Over 10% on Impressive Q3 Earnings Beat, Raised Guidance

Stock Track
2024-12-06

Shares of Veeva Systems Inc. (VEEV) surged over 10% in pre-market trading on Friday, December 6th, after the cloud software provider for the life sciences industry reported better-than-expected results for its fiscal third quarter of 2025 and raised its full-year guidance.

Veeva reported Q3 revenue of $699.2 million, up 13.4% year-over-year, exceeding Wall Street's consensus estimate of $684.3 million. Adjusted earnings per share came in at $1.75, comfortably above analysts' expectations of $1.58. The company saw broad-based strength across its product portfolio, with particular momentum in its Development Cloud offerings and commercial products like Vault CRM.

Looking ahead, Veeva raised its full-year fiscal 2025 adjusted EPS guidance to $6.44, up from its previous outlook of $6.22. For Q4, the company guided for revenue of $697.5 million at the midpoint, roughly in line with estimates. CEO Peter Gassner cited "excellent execution across the board" as a key driver behind the strong results and raised guidance.

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