Veeva Systems Fiscal Q1 Non-GAAP Earnings, Revenue Rise; Fiscal 2027 Guidance Raised

MT Newswires Live

Jun 04

Veeva Systems (VEEV) reported fiscal Q1 non-GAAP earnings late Wednesday of $2.24 per diluted share, up from $1.97 a year earlier.

Analysts polled by FactSet expected $2.14.

Revenue for the quarter ended April 30 rose to $882.9 million from $759 million a year earlier.

Analysts polled by FactSet expected $857.7 million.

The company set fiscal Q2 adjusted EPS guidance of $2.21 to $2.22 on revenue of $902 million to $905 million. Analysts polled by FactSet expect adjusted EPS of $2.18 on revenue of $887.7 million.

The company lifted its fiscal year 2027 adjusted EPS guidance to $9.05 on revenue of $3.64 billion to $3.65 billion from adjusted EPS of $8.85 on revenue of $3.59 billion to $3.60 billion previously. Analysts polled by FactSet expect adjusted EPS of $8.86 on revenue of $3.60 billion.

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