Veeva Announces Fiscal 2020 Second Quarter Results
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Veeva Systems (VEEV) PT Raised to $185 at Stifel
August 28, 2019 6:37 AM EDTStifel raised its price target on Veeva Systems (NYSE: VEEV) to $185.00 (from $175.00) while maintaining a Buy rating.
... MoreVeeva Systems (VEEV) Tops Q2 EPS by 6c, Revenues Beat; Provides Q3 & FY20 EPS/Revenue Guidance Above Consensus
August 27, 2019 4:07 PM EDTVeeva Systems (NYSE: VEEV) reported Q2 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $266.9 million versus the consensus estimate of $259.39 million.
Fiscal 2020 Second Quarter Results:
Revenues: Total revenues for the second quarter were $266.9 million, up from $209.6 million one year ago, an increase of 27% year-over-year. Subscription services revenues for the second quarter were $217.3 million, up from $169.6 million one year ago, an increase of 28% year-over-year.Operating Income and Non-GAAP Operating Income(1): Second quarter operating income was $73.9 million, compared to $52.8 million one year ago, an increase of 40%... More