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Veeva Systems Analysts Lower Their Forecasts Following Q1 Results

Veeva Systems Inc (NYSE:VEEV) posted better-than-expected earnings for its first quarter, but issued weak revenue guidance on Thursday. Veeva Systems reported quarterly earnings of $1.50 per share which beat the analyst consensus estimate of $1.43. The company reported quarterly sales of $650.35 million which beat the analyst consensus estimate of $642.02 million, according to data from Benzinga Pro. “Thanks to our customers and the Veeva team we had an excellent start to the year,” said CEO Peter Gassner. “We made major progress in Development Cloud, Commercial Cloud, and Data ...