JHVEPhoto/iStock Editorial via Getty Images Veeva Systems ( NYSE: VEEV ) is down ~10% in after-hours trading Thursday after updating its fiscal 2025 revenue outlook to below consensus. The company sees full-year revenue of between $2.7B and $2.
71B. Consensus is $2.73B.
Its FY25 Q2 revenue outlook also came in below consensus. FY25 non-GAAP diluted net income per share is projected at $6.16.
Consensus is $6.15. The outlook revision overshadowed strong FY25 Q1 results in which Veeva beat on both lines .
In Q1, non-GAAP diluted EPS was $1.50 compared to $0.91 in the year-ago period.
Veeva ( VEEV ) ended the quarter (April 30) with cash and cash equivalents of $1.2B compared to ~$703.5M on Jan.
31. More on Veeva Systems Veeva Systems: Stellar Growth And Profitability Profile Veeva Systems: Strong Reasons To Buy And Hold The Shares Veeva: Clinical Trial Platform Monopoly With Huge Untapped Opportunities Veeva Systems Non-GAAP EPS of $1.50 beats by $0.
08, revenue of $650.35M beats by $8.36M Veeva Systems Q1 2025 Earnings Preview.
