04:52 PM EDT, 08/28/2024 (MT Newswires) -- Veeva Systems ( VEEV ) reported fiscal Q2 non-GAAP net income late Wednesday of $1.62 per diluted share, up from $1.21 a year earlier.

Analysts polled by Capital IQ expected $1.53.

Revenue in the quarter ended July 31 rose to $676.2 million from $590.2 million a year earlier.

Analysts surveyed by Capital IQ expected $667.8 million.

The company expects fiscal Q3 non-GAAP EPS of $1.57 to $1.58 on revenue of $682 million to $685 million. Analysts polled by Capital IQ expect EPS of $1.55 on revenue of $685.9 million

For fiscal 2025, the company raised non-GAAP EPS guidance to $6.22 from $6.16 with the revenue outlook in the range of $2.704 billion to $2.710 billion compared with $2.700 billion to $2.710 previously. Analysts expect EPS of $6.16 on revenue of $2.706 billion.

Shares of the company rose 4.6% in recent after-hours activity.

Price: 208.50, Change: +9.15, Percent Change: +4.59