Veeva: Fiscal Q4 Earnings Snapshot

PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Thursday reported fiscal fourth-quarter profit of $147.4 million.

The Pleasanton, California-based company said it had net income of 90 cents per share. Earnings, adjusted for one-time gains and costs, were $1.38 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The provider of cloud-based software services for the life sciences industry posted revenue of $630.6 million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $620.7 million.

For the year, the company reported profit of $525.7 million, or $3.22 per share. Revenue was reported as $2.36 billion.

For the current quarter ending in April, Veeva expects its per-share earnings to range from $1.42 to $1.43.

The company said it expects revenue in the range of $640 million to $643 million for the fiscal first quarter.

Veeva expects full-year earnings to be $6.16 per share, with revenue ranging from $2.73 billion to $2.74 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEEV at https://www.zacks.com/ap/VEEV