Veeva Systems (VEEV) reported earnings Thur 26 May 2016 (a/h)

** charts before earnings **

** charts after earnings **

  

Veeva Systems beats by $0.04, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY17 EPS in-line, revs above consensus :

• Reports Q1 (Apr) earnings of $0.15 per share, $0.04 better than the Capital IQ Consensus of $0.11; revenues rose 33.3% year/year to $119.8 mln vs the $115.52 mln Capital IQ Consensus.
• Co issues guidance for Q2, sees EPS of $0.13 vs. $0.13 Capital IQ Consensus Estimate; sees Q2 revs of $125.5-$127.0 mln vs. $123.19 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY17, sees EPS of $0.55-$0.57 vs. $0.55 Capital IQ Consensus Estimate; sees FY17 revs of $516-$520 mln vs. $512.21 mln Capital IQ Consensus Estimate.
• Co states, "Cash flow was also a standout in the first quarter, with the addition of more than $100 million to the balance sheet."