PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal second-quarter earnings of $171 million.
The Pleasanton, California-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The provider of cloud-based software services for the life sciences industry posted revenue of $676.2 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $667.2 million.
For the current quarter ending in October, Veeva expects its per-share earnings to range from $1.57 to $1.58.
The company said it expects revenue in the range of $682 million to $685 million for the fiscal third quarter.
Veeva expects full-year earnings to be $6.22 per share, with revenue ranging from $2.7 billion to $2.71 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEEV at https://www.zacks.com/ap/VEEV
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