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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.