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Veeva Systems Financial Results for May-July 2021

English

Veeva Systems (ticker symbol: VEEV) announced its financial results for the period May to July 2021 on September 1, 2021.

Financial results for May to July 2021

EPS is 94¢ vs. 86¢ expected.

Net sales were $456 million, compared to the forecast of $451 million.

Sales growth rate was +28.8% YoY.

Subscription sales were $366 million, up 29% from the same period last year. The year-ago quarter was $284 million.

Operating income was $125 million, up 38% from the prior year period. Operating income was $125 million, up 38% from the same period last year, compared to $90.1 million in the same period last year.

Net income was $109 million, up 16% from the same period last year. In the same period last year, it was $93.6 million.

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