Veeva Systems (VEEV) Tops Q3 EPS by 7c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

Veeva Systems (NYSE: VEEV) reported Q3 EPS of $0.45, $0.07 better than the analyst estimate of $0.38. Revenue for the quarter came in at $224 million versus the consensus estimate of $216.02 million.

“We executed well across all areas of the business, expanding our leadership with Veeva Commercial Cloud and Veeva Vault,” said CEO Peter Gassner. “Our focus on innovation and customer success coupled with our consistent execution sets us up for a great finish to the year and establishes a strong foundation for next year and beyond.”

GUIDANCE:

Veeva Systems sees FY2019 EPS of $1.58, versus the consensus of $1.48. Veeva Systems sees FY2019 revenue of $855.8-856.8 million, versus the consensus of $843.02 million.

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

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