$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.
๐๐ฒ๐ ๐ ๐ฒ๐๐ฟ๐ถ๐ฐ๐:
๐น Total revenue reached $699 million, up 13% YoY, with subscription revenue rising 17% YoY to $581 millionโโ.
๐น Non-GAAP operating income was $304 million, representing a robust margin of 43%โโ.
๐น Normalized billings grew 12% YoY to $468 millionโโ.
๐น Cash and short-term investments exceeded $5 billion, with non-GAAP operating cash flow of $163 millionโโ.
๐ ๐ฃ๐ผ๐๐ถ๐๐ถ๐๐ฒ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
Veevaโs 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 softwareโโ.
๐ ๐ก๐ฒ๐ด๐ฎ๐๐ถ๐๐ฒ ๐๐๐ฝ๐ฒ๐ฐ๐๐:
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 growthโโ.
๐ฎ ๐ข๐๐๐น๐ผ๐ผ๐ธ:
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, Veevaโs future appears promisingโโ.
Disclaimer: I own Veeva Systems shares. This article is not financial advice. Please do your own research before making any investment decisions.... Show More
Still, Iโd urge to consider the valuation carefully and wait for an entry point that offers a margin of safety. Great businesses donโt always equate to great investments at any price.... Show More
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