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Veeva: Fiscal Q2 Earnings Snapshot
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PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal second-quarter profit of $273.4 million.

On a per-share basis, the Pleasanton, California-based company said it had net income of $1.66. Earnings, adjusted for stock option expense and amortization costs, came to $2.35 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

The provider of cloud-based software services for the life sciences industry posted revenue of $928 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $904.1 million.

For the current quarter ending in October, Veeva expects its per-share earnings to range from $2.33 to $2.34.

The company said it expects revenue in the range of $932 million to $935 million for the fiscal third quarter.

Veeva expects full-year earnings to be $9.21 per share, with revenue ranging from $3.68 billion to $3.69 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEEV at https://www.zacks.com/ap/VEEV

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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