— 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
Box Inc (NYSE: BOX) Q1 2021 Earnings Call Transcript
Box Inc (BOX) Q1 2021 earnings call dated May 27, 2020 Corporate Participants: Alice Kousoum Lopatto -- Head of Investor Relations Aaron Levie -- Chief Executive Officer, Co-founder and Chairman Dylan Smith -- Chief Financial Officer
Southwest is looking northside as lockdown restrictions ease
When Warren Buffett dumped airline stocks suffering massive losses three weeks ago, he probably overlooked one key aspect about the industry – that no amount of restrictions will kill people’s
Alibaba (BABA) entering a new phase as China emerges from COVID crisis
Alibaba Group Holding Ltd (NYSE: BABA) is striving to regain strength after falling sharply last week, ahead of fourth-quarter earnings. The positive results failed to impress stakeholders as market sentiment
One thought on “Veeva Systems (NYSE: VEEV): Q3 2020 Earnings Snapshot”
Comments are closed.