Veeva Systems (NYSE: VEEV) reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $166.6 million versus the consensus estimate of $164.22 million.

Financial Outlook:

Veeva is providing guidance for its fiscal third quarter ending October 31, 2017 as follows:

• Total revenues between $171 and $172 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).

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

• Total revenues between $672 and $674 million.
• Non-GAAP operating income between $200 and $202 million(2).
• Non-GAAP fully diluted net income per share between $0.86 and $0.87(2).

GUIDANCE:

Veeva Systems sees FY2018 EPS of $0.86-$0.87, versus the consensus of $0.83. Veeva Systems sees FY2018 revenue of $672-674 million, versus the consensus of $669.88 million.

Fiscal 2018 Second Quarter Results:

• Revenues: Total revenues for the second quarter were $166.6 million, up from $131.3 million one year ago, an increase of 27% year-over-year. Subscription services revenues for the second quarter were $134.3 million, up from $105.2 million one year ago, an increase of 28% year-over-year.
• Operating Income and Non-GAAP Operating Income(1): Second quarter operating income was $36.9 million, compared to $23.8 million one year ago, an increase of 55% year-over-year. Non-GAAP operating income for the second quarter was $52.3 million, compared to $36.7 million one year ago, an increase of 42% year-over-year.
• Net Income and Non-GAAP Net Income(1): Second quarter net income was $37.8 million, compared to $13.0 million one year ago, an increase of 192% year-over-year. Non-GAAP net income for the second quarter was $35.9 million, compared to $22.3 million one year ago, an increase of 61% year-over-year.
• Net Income per Share and Non-GAAP Net Income per Share(1): For the second quarter, fully diluted net income per share was $0.25, compared to $0.09 one year ago, while non-GAAP fully diluted net income per share was $0.23, compared to $0.15 one year ago.

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