Date : 12/05/2013 @ 4:02PM Source : Business Wire Stock : VEEVA SYSTEMS INC (VEEV) Quote : $40.98 0.84 (2.09%) @ 8:00PM
Fiscal 2014 Third Quarter Results:
•Revenues: Total revenues for the third quarter were $55.0 million, up from $35.8 million one year ago, an increase of 54% year-over-year. Subscription services revenues were $38.9 million, up from $20.0 million one year ago, an increase of 95% year-over-year.
Veeva is providing guidance for the fourth quarter of fiscal 2014 as follows:
• Total revenues between $57 and $58 million, an increase of 43% to 46% on a year-over-year basis. This implies full fiscal year revenues of approximately $204 to $205 million representing annual growth of 58% to 59%.