Veeva Systems (VEEV) Q3 Earnings And Revenues Beat Estimates
Zacks Investment Research | Nov 26, 2019 08:10PM ET
Veeva Systems Inc. (NYSE:VEEV) reported third-quarter fiscal 2020 earnings per share (EPS) of 60 cents, well ahead of the Zacks Consensus Estimate of 54 cents. The metric shot up 33.3% on a year-over-year basis.
This Zacks Rank #3 (Hold) company’s revenues totaled $280.9 million, outpacing the Zacks Consensus Estimate of $275.4 million. On a year-over-year basis, the top line improved 25%.
Segmental Details
Subscription Service
Third-quarter subscription service revenues summed $226.8 million, up 27.2% year over year. Per management, the solid momentum in bookings was maintained in the quarter.
Professional Service and Others
Professional Service revenues rose almost 16.4% to $54.2 million from the figure registered in the year-ago quarter.
Per management, outperformance by Veeva Commercial Cloud and Veeva Vault drove revenues across all segments.
Veeva Systems Inc. Price, Consensus and EPS Surprise
NuVasive’s third-quarter 2019 adjusted EPS of 59 cents beat the consensus estimate by 9.3%. Revenues of $290.8 million outpaced the consensus mark by 2.4%.
Thermo Fisher delivered third-quarter 2019 adjusted EPS of $2.94, beating the Zacks Consensus Estimate by 2.1%. Revenues of $6.27 billion exceeded the Zacks Consensus Estimate by 1.3%.
CONMED reported third-quarter 2019 adjusted EPS of 62 cents, which beat the Zacks Consensus Estimate of 56 cents by 10.7%. Revenues of $233.6 million surpassed the Zacks Consensus Estimate of $228.3 million by 2.3%.
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