PLEASANTON (California) (AP). PLEASANTON (California) (AP). Veeva Systems Inc. reported earnings of 131.5 million dollars for the first quarter.
The Pleasanton, California, based company reported a net profit of 81 cents per share. The earnings per share, after adjusting for one-time costs and gains, were 91 cents.
The results exceeded Wall Street's expectations. Zacks Investment Research surveyed 13 analysts who estimated earnings per share of 79 cents.
Cloud-based software provider for the Life Sciences industry reported revenue of $526.3 in the quarter, exceeding Street expectations. Zacks surveyed 11 analysts who expected $515.5 millions.
Veeva's per-share earnings are expected to range between $1.12 and $1.13 for the current quarter, which ends in July.
The company expects revenues in the range between $580 and $582 million during the second fiscal quarter.
Veeva anticipates a full-year profit of $4.59 per share with revenues ranging between $2.36 billion and $2.37 billion.
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