Veeva Systems (VEEV) Tops Q3 EPS by 3c, Beats on Revenues; Offers FY18 EPS/Revenue Guidance Above Consensus

Veeva Systems (NYSE: VEEV) reported Q3 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $176.1 million versus the consensus estimate of $172.1 million.

Financial Outlook:

Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2018 as follows:

• Total revenues between $179 and $180 million.
• Non-GAAP operating income between $50 and $51 million(2).
• Non-GAAP fully diluted net income per share between $0.21 and $0.22(2).

This fourth quarter guidance implies the following for Veeva’s fiscal year ending January 31, 2018:

• Total revenues between $679.7 and $680.7 million.
• Non-GAAP operating income between $210.5 and $211.5 million(2).
• Non-GAAP fully diluted net income per share of $0.91(2).

GUIDANCE:

Veeva Systems sees FY2018 EPS of $0.91, versus the consensus of $0.87. Veeva Systems sees FY2018 revenue of $679.7-680.7 million, versus the consensus of $673.6 million.

For earnings history and earnings-related data on Veeva Systems (VEEV) click here.

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