By Connor Hart
Veeva Systems logged higher-than-expected results in its fiscal fourth quarter and issued an outlook that beat Wall Street's expectations, sending its stock higher in after-hours trading.
Shares are up 5.9%, to $233.
The cloud-solutions company, which focuses on life-sciences customers, on Wednesday posted net income of $195.6 million, or $1.18 a share, for its three months ended Jan. 31, compared with $147.4 million, or 90 cents a share, a year earlier.
Adjusted per-share earnings came in at $1.74, topping the $1.58 that analysts surveyed by FactSet expected.
Revenue increased 14%, to $720.9 million. Analysts modeled sales of $699.2 million.
Subscription-services revenue came in at $608.6 million, up 17% from last year.
For its fiscal first quarter, ending April 30, Veeva guided for adjusted earnings of $1.74 a share to $1.75 a share on revenue of $726 million to $729 million. Analysts polled by FactSet expect adjusted earnings of $1.63 a share on revenue of $726.5 million.
In its fiscal 2026, the company forecast adjusted per-share earnings of approximately $7.32, topping analyst views for $6.97. It expects revenue between $3.04 billion and $3.06 billion, the ceiling of which is in-line with analyst forecasts.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 05, 2025 16:33 ET (21:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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