Veeva Announces Fiscal 2021 Third Quarter Results

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Go back to Veeva Announces Fiscal 2021 Third Quarter Results

Veeva Systems (VEEV) Tops Q3 EPS by 10c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus, FY22 Revenue Outlook Above Consensus

December 1, 2020 4:13 PM EST

Veeva Systems (NYSE: VEEV) reported Q3 EPS of $0.78, $0.10 better than the analyst estimate of $0.68. Revenue for the quarter came in at $377.5 million versus the consensus estimate of $361.82 million.

Fiscal 2021 Third Quarter Results:

Revenues: Total revenues for the third quarter were $377.5 million, up from $280.9 million one year ago, an increase of 34% year-over-year. Subscription services revenues for the third quarter were $302.9 million, up from $226.8 million one year ago, an increase of 34% year-over-year.Operating Income and Non-GAAP Operating Income(1): Third quarter operating income was $101.3 million, compared to $80.8 million one year ago, an increase of 25%... More