By Elias Schisgall
Veeva Systems raised its full-year outlook for the third quarter in a row--with revenue in the latest quarter rising again at a double-digit pace--on strong demand for cloud services from its life-sciences customers.
The company on Thursday logged a third-quarter profit of $236.2 million, or $1.40 a share, compared with $185.8 million, or $1.13 a share, a year earlier.
Adjusted earnings were $2.04 a share for the quarter. Analysts polled by FactSet were targeting $1.95 a share.
Revenue was $811.2 million, up from $699.2 million a year earlier. Analysts were expecting $792.8 million, and the company had guided for revenue between $790 million and $793 million.
Subscription services revenue jumped to $682.5 million from $580.9 million a year earlier. Professional services and other revenue sources showed moderate growth, to $128.7 million from $118.4 million a year prior.
The company raised its outlook for the fiscal year, forecasting revenue of roughly $3.17 billion. Previously, it had guided for revenue between $3.13 billion and $3.14 billion.
It expects full-year adjusted earnings to be roughly $7.93 per share, up from its prior guidance of $7.78.
The company said it was planning for revenue in the current fourth quarter of between $807 million and $810 million. Analysts were projecting $801 million.
Veeva said adjusted earnings per share would be $1.92, above analysts' projections of $1.90.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
November 20, 2025 16:41 ET (21:41 GMT)
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