Veeva stock jumps above expectations, above forecast Q1

Veeva Systems, Cloud Application Specialist for Life Sciences, Reported this afternoon Fiscal Q1 revenue and profit is above analysts ’expectations, and an outlook this quarter, and full year, was even higher.

Report sent Veeva shares Over %% in late trading.

“The team’s focus on customer success and product excellence is continuing Viva’s remarkable results,” said CEO Peter Gusner.

Gassner added. “Our innovations in data, software, and services are helping to move the industry into a new digital-first model.”

“We are building a sustainable position in both R&D and commercials, which reflects our role as a strategic technology provider in the industry,” said Brent Bowman, CFO of Veva.

Revenue for the three months ended April rose 292 cents to 3 3.6 million a year.

Analysts have been modeling 10 101 crore and 78 78 cents per share.

The company added new customers this quarter, for a total of more than 1,000.

By “tough results in Vea Vault and Vea Commercial Cloud”, Veva said that “excellent bookies” will be promoted.

In the current quarter, the company sees revenue in the range of ० 50 million to $ 2 million, and EPS revenue in the range of 85 cents to 86 cents. That compares to a consensus for $ 27 million and a to-percent profit per share.

For the full year, the company raised .8 1.8115 billion to .8 1.8225 billion, and PS.49. E sees revenue in EPS. That $ 1. billion76 billion and 23,233 shares per share.

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