Jul. 1 at 1:12 PM
$VEEV viva lesvega!!
Financial Highlights 1 of 2
Total Revenue:
$882.9 million, up 16% year-over-year (YoY), beating consensus estimates of roughly
$870.7 million.
Subscription Revenue:
$730.2 million, growing 15% YoY, continuing to make up the vast majority of Veeva's business.
Earnings Per Share (EPS): Non-GAAP fully diluted EPS came in at
$2.24, up from
$1.97 in the same period last year, beating analyst estimates of
$2.02–
$2.17.
Operating Margins: Non-GAAP operating income reached
$395.4 million (up 13% YoY), underscoring a strong profitable profile with a non-GAAP operating margin near 45%.
Net Income: Non-GAAP net income was
$371.1 million, compared to
$327.8 million in Q1 last year.
