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Veeva Systems Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Fiscal Year Outlook Raised
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Veeva Systems Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Fiscal Year Outlook Raised
Dec 5, 2024 1:50 PM

04:28 PM EST, 12/05/2024 (MT Newswires) -- Veeva Systems ( VEEV ) reported fiscal Q3 non-GAAP earnings late Thursday of $1.75 per diluted share, up from $1.34 a year earlier.

Analysts polled by FactSet expected $1.58.

Revenue in the quarter ended Oct. 31 was $699.2 million, up from $616.5 million a year earlier.

Analysts surveyed by FactSet expected $684.4 million.

The company said it expects Q4 non-GAAP diluted EPS of $1.57 and revenue of between $696 million and $699 million. Analysts expect $1.53 on revenue of $697.5 million.

Veeva ( VEEV ) said it now expects fiscal 2025 non-GAAP diluted EPS of $6.44 on revenue of between $2.72 billion and $2.73 billion. It previously projected $6.22 on revenue of $2.70 billion to $2.71 billion. Analysts are looking for EPS of $6.24 and revenue of $2.71 billion.

Shares of Veeva Systems ( VEEV ) were up 3.6% in after-hours activity.

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