Veeva Systems Q4 Profit Rises; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews) - Veeva Systems Inc. (VEEV) Tuesday reported fourth-quarter net income attributable to Class A and Class B common stockholders of $6.1 million or $0.04 per share, compared to $1.1 million or $0.03 per share in the comparable quarter last year.

Adjusted earnings for the quarter were $9.5 million or $0.07 per share, up from $6.0 million or $0.05 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 58% to $62.80 million from $39.79 million last year. Analysts expected revenues of $58.00 million.

Looking ahead to the first-quarter, the company has forecast adjusted earnings in the range of $0.05 to $0.06 per share, with revenues in the order of $62.5 million to $63.5 million. Analysts currently expect the company to earn $0.06 per share on first-quarter revenues of $60.00 million.

For fiscal 2014, the company has forecast adjusted earnings in the range of $0.23 to $0.25 per share, with revenues in the order of $270 million to $275 million. Analysts currently expect fiscal year 20014 earnings of $0.24 per share on revenues of $261.59 million.