— Veeva Systems Inc. (NYSE: VEEV) reported its third-quarter 2020 adjusted earnings of $0.60 per share versus $0.54 per share expected.
— Total revenue jumped by 25% to $280.9 million versus $274.78 million expected. This was driven by a 27% growth in the subscription services revenue.
— The top line primarily comes from the fees from customers accessing cloud-based software solutions and subscription or license fees for data solutions.
— Looking ahead into the fourth quarter, the company expects revenues in the range of $296-299 million and adjusted earnings of $0.51-0.52 per share. The consensus estimates EPS of $0.52 on revenue of $279.86 million.
— For the full year 2020, the company lifted its revenue outlook to the range of $1.088 billion to $1.091 billion from the previous range of $1.062 billion to $1.065 billion. The consensus estimates revenue of $1.07 billion.
— The adjusted earnings guidance is raised to the range of $2.16 to $2.17 per share from the prior range of $2.11 to $2.13 per share. The analysts expect EPS of $2.12 for the full year.
Most Popular
Broadcom (AVGO) appears to be on track to leverage huge AI opportunity
Broadcom, Inc. (NASDAQ: AVGO) reported a record high revenue for the first quarter, aided by strong demand for its AI-enabled semiconductor solutions and infrastructure software. The tech firm’s stock rallied
JD Earnings: JD.Com reports higher Q4 2024 revenue and adj. profit
China-based e-commerce company JD.com Inc. (NASDAQ: JD) has reported a double-digit increase in revenue and adjusted net income for the fourth quarter of 2024. Fourth-quarter earnings, adjusted for special items,
Costco (COST) Q2 2025 profit rises on higher sales; comp sales up 6.8%
Warehouse giant Costco Wholesale Corporation (NASDAQ: COST) has reported higher sales and net profit for the second quarter of 2025. Total comparable store sales increased by 6.8%. Revenues rose to
Comments
Comments are closed.