PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal fourth-quarter profit of $195.6 million.
The Pleasanton, California-based company said it had profit of $1.18 per share. Earnings, adjusted for one-time gains and costs, were $1.74 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The provider of cloud-based software services for the life sciences industry posted revenue of $720.9 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $698.3 million.
For the year, the company reported profit of $714.1 million, or $4.32 per share. Revenue was reported as $2.75 billion.
For the current quarter ending in April, Veeva expects its per-share earnings to range from $1.74 to $1.75.
The company said it expects revenue in the range of $726 million to $729 million for the fiscal first quarter.
Veeva expects full-year earnings to be $7.32 per share, with revenue ranging from $3.04 billion to $3.06 billion.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
