Veeva Announces Fiscal 2021 First Quarter Results
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Veeva Systems (VEEV) PT Raised to $230 at Raymond James
May 29, 2020 7:59 AM EDTRaymond James analyst Brian Peterson raised the price target on Veeva Systems (NYSE: VEEV) to $230.00 (from $180.00) while maintaining a Outperform rating following the company's 1Q report. Revenue of $337.1 million came in above consensus of $324.8 million. Non-GAAP EPS of $0.66 also topped consensus of $0.59, with $0.02... More
Veeva Systems (VEEV) Misses Q1 EPS by 4c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus, Provides FY21 EPS/Revenue Outlook
May 28, 2020 4:08 PM EDTVeeva Systems (NYSE: VEEV) reported Q1 EPS of $0.54, $0.04 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $337.1 million versus the consensus estimate of $319.99 million.
Fiscal 2021 First Quarter Results:
Revenues: Total revenues for the first quarter were $337.1 million, up from $244.8 million one year ago, an increase of 38% year-over-year. Subscription services revenues for the first quarter were $270.2 million, up from $198.1 million one year ago, an increase of 36% year-over-year.Operating Income and Non-GAAP Operating Income(1): First quarter operating income was $87.6 million, compared to $71.2 million one year ago, an increase of 23%... More