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NEW YORK - Veeva Systems Inc. (NYSE:VEEV) reported fourth quarter earnings and revenue that exceeded analyst expectations, while also providing an upbeat outlook for the current quarter and full fiscal year.
VEEV shares were up 7% in aftermarket trading Wednesday.
The life sciences cloud software provider posted adjusted earnings per share of $1.74 for Q4, surpassing the consensus estimate of $1.58. Revenue came in at $720.9 million, up 14% year-over-year and above Wall Street’s forecast of $699.2 million.
For the first quarter, Veeva projects adjusted EPS of $1.74-$1.75 on revenue between $726-$729 million, both ahead of analyst estimates. The company also raised its full-year fiscal 2026 guidance, now expecting adjusted EPS of approximately $7.32 on revenue of $3.04-$3.05 billion.
"It was an outstanding quarter and year of execution and innovation in software, data, and business consulting," said CEO Peter Gassner. He added that these advances position Veeva well to help life sciences companies "bring better treatments to more patients, with greater speed and efficiency."
Veeva’s subscription services revenue, which makes up the bulk of its business, grew 17% year-over-year to $608.6 million in Q4. The company ended the fiscal year with 1,477 total customers.
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