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Veeva beats views on results, guidance

May 26, 2017

Veeva Systems’ (NYSE:VEEV) Q1 beats consensus estimates for EPS and total revenue, and subscription revenues were up 33% to $127.3M.

Q2 guidance includes $163M-$164M in total revenues compared to $160.2M consensus and $0.20 EPS, which is one cent above consensus. FY 2018 guidance has revenue between $665M and $669M, above the consensus $658.7M, and EPS between $0.82 and $0.84, which puts the low end two cents over consensus.

Veeva shares are up 3.6% aftermarket.

Press release

http://bit.ly/2qq8EJh

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