MarianoPardo
$VEEV (Veeva Systems Inc A) is up 7.7% in after-hours trading after reporting Q3 FY2025 earnings and exceeding guidance across all major metrics. ๐—ž๐—ฒ๐˜† ๐— ๐—ฒ๐˜๐—ฟ๐—ถ๐—ฐ๐˜€: ๐Ÿ”น Total revenue reached $699 million, up 13% YoY, with subscription revenue rising 17% YoY to $581 millionโ€‹โ€‹. ๐Ÿ”น Non-GAAP operating income was $304 million, representing a robust margin of 43%โ€‹โ€‹. ๐Ÿ”น Normalized billings grew 12% YoY to $468 millionโ€‹โ€‹. ๐Ÿ”น Cash and short-term investments exceeded $5 billion, with non-GAAP operating cash flow of $163 millionโ€‹โ€‹. ๐Ÿ“ˆ ๐—ฃ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€: Veevaโ€™s performance was underpinned by strong growth in its subscription business, particularly in R&D Solutions, which benefited from significant adoption of its Development Cloud applications. Innovations such as Vault CRM and AI-driven tools like CRM Bot showcased Veeva's commitment to product leadership. The company also expanded strategic partnerships and demonstrated momentum in clinical and quality management softwareโ€‹โ€‹. ๐Ÿ“‰ ๐—ก๐—ฒ๐—ด๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—”๐˜€๐—ฝ๐—ฒ๐—ฐ๐˜๐˜€: While professional services revenue declined by 3% YoY, driven by reduced core service demand, it was partially offset by gains in Business Consulting. This decline reflects a shift in customer priorities but did not materially impact overall growthโ€‹โ€‹. ๐Ÿ”ฎ ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ: Looking ahead, Veeva raised its FY2025 guidance, with projected revenue between $2.722 and $2.725 billion, marking 12% growth when adjusted for contract standardizations. The company is well-positioned for long-term growth, targeting a $6 billion revenue run rate by 2030, driven by continued product innovation and market expansion. With its solid financial footing and strong execution, Veevaโ€™s future appears promisingโ€‹โ€‹. Disclaimer: I own Veeva Systems shares. This article is not financial advice. Please do your own research before making any investment decisions.
Like CommentShare
null
.