Veeva Systems (NYSE: VEEV) reported Q2 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $209.6 million versus the consensus estimate of $203.47 million.

• Revenues: Total revenues for the second quarter were $209.6 million, up from $167.8 million one year ago, an increase of 25% year-over-year. Subscription services revenues for the second quarter were $169.6 million, up from $135.6 million one year ago, an increase of 25% year-over-year.
• Operating Income and Non-GAAP Operating Income(1): Second quarter operating income was $52.8 million, compared to $38.1 million one year ago, an increase of 39% year-over-year. Non-GAAP operating income for the second quarter was $74.3 million, compared to $53.5 million one year ago, an increase of 39% year-over-year.
• Net Income and Non-GAAP Net Income(1): Second quarter net income was $50.3 million, compared to $38.6 million one year ago, an increase of 30% year-over-year. Non-GAAP net income for the second quarter was $61.4 million, compared to $36.6 million one year ago, an increase of 68% 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 $0.32, compared to $0.25 one year ago, while non-GAAP fully diluted net income per share was $0.39, compared to $0.24 one year ago.

“Ongoing strength across revenue, operating margin, and cash flow enabled us to raise our guidance for the second half of the year,” said CFO Tim Cabral. “We’re excited about the opportunity ahead as we continue to invest for growth and customer success.”

GUIDANCE:

Veeva Systems sees FY2019 EPS of $1.47-$1.48, versus the consensus of $1.37. Veeva Systems sees FY2019 revenue of $840-843 million, versus the consensus of $829.39 million.

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