Veeva Systems Q4 net income increases 55.5% YOY

Editor's Note: This earnings announcement was automatically generated using approved S&P Global Market Intelligence data at the time of its publication. Standardized data may differ slightly from “as reported” items in a document.

Veeva Systems Inc. reported a per-share profit of 68 cents for the fiscal fourth quarter, compared to the S&P Capital IQ GAAP EPS estimate of 51 cents and a 65.9% year-over-year rise from 41 cents.

The Pleasanton, Calif.-based healthcare technology company posted net income of $102.9 million for the quarter ended Jan. 31, increasing 55.5% from $66.2 million a year ago.

Total revenue came to $396.8 million, a rise from $311.5 million.

For the full year, the company reported profit of $2.51 per share, compared to the mean GAAP EPS estimate of $2.23 and climbing 32.2% from $1.90 per share a year ago.

Net income totaled $380.0 million for the period, compared to $301.1 million a year ago, while total revenue came to $1.47 billion, climbing from $1.10 billion.