Veeva Systems (VEEV) Tops Q1 EPS by 2c; Guides Above Views

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Veeva Announces Fiscal 2019 First Quarter Results

May 24, 2018 4:05 PM EDT

Total Revenues of $195.5M, up 22% Year-over-year

Subscription Services Revenues of $156.0M, up 21% Year-over-year

PLEASANTON, Calif.--(BUSINESS WIRE)-- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fiscal first quarter ended April 30, 2018. All results, including prior periods, and guidance reflect the new revenue recognition standard ASC 606.

A strong focus on customer success and cloud innovation is fueling Veevas momentum and helping to advance the industry, said CEO Peter... More