Veeva Announces Fiscal 2018 Third Quarter Results
markets.siliconinvestor.com
Fiscal 2018 Third Quarter Results:
Revenues: Total revenues for the third quarter were $176.1 million, up from $142.8 million one year ago, an increase of 23% year-over-year. Subscription services revenues for the third quarter were $141.9 million, up from $113.6 million one year ago, an increase of 25% year-over-year.
Operating Income and Non-GAAP Operating Income:Third quarter operating income was $41.7 million, compared to $33.8 million one year ago, an increase of 23% year-over-year. Non-GAAP operating income for the third quarter was $57.6 million, compared to $47.5 million one year ago, an increase of 21% year-over-year.
Net Income and Non-GAAP Net Income: Third quarter net income was $34.4 million, compared to $21.6 million one year ago, an increase of 59% year-over-year. Non-GAAP net income for the third quarter was $38.3 million, compared to $31.7 million one year ago, an increase of 21% year-over-year.
Net Income per Share and Non-GAAP Net Income per Share(1):For the third quarter, fully diluted net income per share was $0.22, compared to $0.15 one year ago, while non-GAAP fully diluted net income per share was $0.25, compared to $0.22 one year ago.
“The third quarter was marked by particular strength in Vault, which accounted for 40% of total revenue,” said CFO Tim Cabral. “Vault is a powerful, unique platform that provides substantial opportunities today and will enable us to address large new markets into the future.” |
