Veeva: Fiscal Q1 Earnings Snapshot
Veeva Systems Inc. (VEEV) on Thursday reported fiscal first-quarter profit of $161.7 million
By Ap News
Published - May 30, 2024, 04:42 PM ET
Last Updated - Jun 21, 2024, 02:25 AM EDT
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.
