Veeva Announces Fourth Quarter and Fiscal Year 2021 Results

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Stephens Reiterates Overweight Rating on Veeva Systems (VEEV) Following 4Q

March 3, 2021 6:51 AM EST

Stephens analyst Scott Schoenhaus reiterated an Overweight rating and $325.00 price target on Veeva Systems (NYSE: VEEV) following the company's 4Q earnings report. VEEV's calculated billings of $688.0 million came in 7.5% above the Street with revenue of $396.8 mil. also beating the Street estimate by ~4.4%.

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Veeva Systems (VEEV) Tops Q4 EPS by 10c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus, 1Q EPS & Revenues Guidance Above Consensus

March 2, 2021 4:10 PM EST

Veeva Systems (NYSE: VEEV) reported Q4 EPS of $0.78, $0.10 better than the analyst estimate of $0.68. Revenue for the quarter came in at $396.8 million versus the consensus estimate of $380.23 million.

Fiscal 2021 Fourth Quarter Results:

Revenues: Total revenues for the fourth quarter were $396.8 million, up from $311.5 million one year ago, an increase of 27% year-over-year. Subscription services revenues for the fourth quarter were $322.8 million, up from $254.1 million one year ago, an increase of 27% year-over-year.Operating Income and Non-GAAP Operating Income(1): Fourth quarter operating income was $98.8 million, compared to $60.4 million one year ago, an increase of 64%... More