Veeva Systems Q3 Profit Rises - Quick Facts

(RTTNews) - Veeva Systems Inc. (VEEV) Thursday reported third-quarter profit of $6.5 million or $0.05 per share, up from $5.7 million or $0.03 per share in the same period last year.

Adjusted earnings for the quarter were $8.3 million or $0.06 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $55.0 million from $35.8 million last year. Analysts expected revenues of $50.28 million.

Looking ahead to the fourth-quarter, the company has forecast adjusted earnings in the range of $0.05 to $0.06 per share, with revenues in the order of $57 million to $58 million. Analysts currently expect the company to earn $0.05 per share on fourth-quarter revenues of $53.65 million.