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

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

Veeva Announces Fiscal 2019 Third Quarter Results

November 28, 2018 4:05 PM EST

Total Revenues of $224.7M, up 27% Year-over-year

Subscription Services Revenues of $178.2M, 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 third quarter ended October31, 2018. All results, including prior periods, and guidance reflect the new revenue recognition standard ASC606.

We executed well across all areas of the business, expanding our leadership with Veeva Commercial Cloud and Veeva Vault, said CEO Peter Gassner. Our... More