Veeva Systems (VEEV) Q4 Earnings And Revenues Beat Estimates
Zacks Investment Research | Mar 04, 2020 06:31AM ET
Veeva Systems Inc. (NYSE:VEEV) reported fourth-quarter fiscal 2020 earnings per share (EPS) of 54 cents, beating the Zacks Consensus Estimate of 52 cents. The metric shot up 20% on a year-over-year basis.
Fiscal 2020 EPS was $2.19, also beating the Zacks Consensus Estimate of $2.17. The figure increased 34.4% from fiscal 2019.
This Zacks Rank #4 (Sell) company’s revenues totaled $311.5 million, outpacing the Zacks Consensus Estimate of $298.1 million. On a year-over-year basis, the top line improved 34.1%.
Full-year revenues totaled $1.10 billion, surpassing the consensus estimate of $1.09 billion. The figure improved 28.1% from the last fiscal.
Segmental Details
Subscription Service
Fourth-quarter subscription service revenues summed $254.1 million, up 33.3% year over year.
Professional Service and Others
Professional Service revenues rose almost 37.8% to $57.4 million from the year-ago figure.
Per management, outperformance by Veeva Commercial Cloud and Veeva Vault drove revenues across all segments.
Veeva Systems Inc. Price, Consensus and EPS Surprise
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Accuray reported second-quarter fiscal 2020 adjusted EPS of a penny against the Zacks Consensus Estimate of a loss of 7 cents. Net revenues of $98.8 million outpaced the consensus mark by 0.3%. The company carries a Zacks Rank #2.
IDEXX Laboratories reported fourth-quarter 2019 adjusted EPS of $1.04, which beat the Zacks Consensus Estimate of 91 cents by 14.3%. Revenues were $605.4 million, surpassing the Zacks Consensus Estimate by 0.9%. The company carries a Zacks Rank of 2.
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