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Tuesday, November 22, 2016

Veeva Systems (VEEV) reported earnings on Tue 11/22/16 (a/h)

** charts before earnings **

** charts after earnings **


Veeva Systems beats by $0.06, beats on revs; guides Q4 EPS above consensus, revs above consensus  :
  • Reports Q3 (Oct) earnings of $0.22 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.16; revenues rose 33.6% year/year to $142.8 mln vs the $135.8 mln Capital IQ Consensus.
  • Co issues upside guidance for Q4, sees EPS of $0.17, excluding non-recurring items, vs. $0.15 Capital IQ Consensus Estimate; sees Q4 revs of $145-146 mln vs. $140.65 mln Capital IQ Consensus Estimate.
  • "Consistently strong demand across product lines drove better than expected revenue and profitability in the third quarter...We continue to execute well against our multi-billion dollar market opportunity and remain slightly ahead of our revenue target for 2020."

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