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.
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.