Veeva Systems (VEEV) Tops Q2 EPS by 5c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Above Consensus

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Veeva Announces Fiscal 2019 Second Quarter Results

August 23, 2018 4:05 PM EDT

Total Revenues of $209.6M, up 25% Year-over-year

Subscription Services Revenues of $169.6M, up 25% 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 second quarter ended July 31, 2018. All results, including prior periods, and guidance reflect the new revenue recognition standard ASC 606.

I am very proud of the Veeva team. We once again delivered an outstanding quarter, said CEO Peter Gassner. We are realizing our vision to... More