Veeva Systems Sees Q3 Revenue Guidance To $616M; Subscription Revenue Of $495M; Service Revenue Of $121M; Non-GAAP Operating Income Of $232M During Investor Day

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Veeva Systems Sees Q3 Revenue Guidance To $616M; Subscription Revenue Of $495M; Service Revenue Of $121M; Non-GAAP Operating Income Of $232M During Investor Day

Benzinga2023-11-10

On August 30, 2023, in its quarterly earnings conference call, the Company had previously provided guidance for certain of the Company's anticipated financial metrics for the fiscal third quarter ended October 31, 2023, the fiscal year ending January 31, 2024, and the fiscal year ending January 31, 2025.

During the Investor Day presentation, the Company intends to provide the following update to its expected results for the fiscal third quarter ended October 31, 2023:

•Total revenue of $616 million.

•Subscription revenue of $495 million.

•Services revenue of $121 million.

•Operating income of $125 million and non-GAAP operating income of $232 million(1).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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lktan
·2023-11-10
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