Veeva guidance disappoints

 Financial Outlook:

Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2024 as follows:

• Total revenues between $620 and $622 million.
• Non-GAAP operating income of about $227 million(2).
• Non-GAAP fully diluted net income per share of approximately $1.30(2).

Veeva is providing updated guidance for its fiscal year ending January 31, 2024 as follows:

• Total revenues between $2,353 and $2,355 million.
• Non-GAAP operating income of about $830 million(2).
• Non-GAAP fully diluted net income per share of approximately $4.76(2).

Veeva is reiterating guidance for its fiscal year ending January 31, 2025 for the following metrics:

• Total revenues of at least $2,750 million.
• Non-GAAP operating income of at least $1,000 million(2).

Conference Call Information
Prepared remarks and an investor presentation providing additional information and analysis can be found on Veeva's investor relations website at ir.veeva.com. Veeva will host a Q&A conference call at 2:00 p.m. PT today, December 6, 2023, and a replay of the call will be available on Veeva's investor relations website.

What:	Veeva Systems Fiscal 2024 Third Quarter Results Conference Call
When:	Wednesday, December 6, 2023
Time:	2:00 p.m. PT (5:00 p.m. ET)
Online Registration:	https://conferencingportals.com/event/badXudFz
Webcast:	ir.veeva.com

https://www.prnewswire.com/news-releases/veeva-announces-fiscal-2024-third-quarter-results-302008083.html