Veeva Tops Q1 Expectations; Shares Jump 10%
Veeva Systems Inc., (VEEV) a cloud-based software developer for the life sciences industry reported blowout fiscal Q1 results and beat expectations backed by the addition of 59 new customers, taking the total count to more than 1000 customers. Shares jumped 10.1% to close at $291.34 on May 28.
In the first quarter, adjusted earnings grew 37.9% year-over-year to $0.91 per share and beat the Streets estimates of $0.78 per share.
Revenue came in at $433.57 million, up 29% year-over-year and surpassed…
