Veeva: Fiscal Q1 Earnings Snapshot

PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Thursday reported fiscal first-quarter profit of $161.7 million.

The Pleasanton, California-based company said it had net income of 98 cents per share. Earnings, adjusted for one-time gains and costs, were $1.50 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The provider of cloud-based software services for the life sciences industry posted revenue of $650.3 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $641.7 million.

For the current quarter ending in July, Veeva expects its per-share earnings to range from $1.53 to $1.54.

The company said it expects revenue in the range of $666 million to $669 million for the fiscal second quarter.

Veeva expects full-year earnings to be $6.16 per share, with revenue ranging from $2.7 billion to $2.71 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VEEV at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up