Veeva Systems Sees Q3 Revenue Guidance Of $616M; Subscription Revenue Of $495M; Service Revenue Of $121M; Non-GAAP Operating Income Of $232M During Investor Day
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems has updated its Q3 2023 guidance during its Investor Day presentation. The company expects total revenue of $616M, subscription revenue of $495M, service revenue of $121M, and non-GAAP operating income of $232M.
November 09, 2023 | 3:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Veeva Systems has provided an update to its Q3 2023 guidance, expecting higher revenues and non-GAAP operating income.
The updated guidance provided by Veeva Systems indicates a positive outlook for the company's financial performance in Q3 2023. This could potentially lead to an increase in the company's stock price in the short term as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100