Veeva Systems Sees FY24 Revenue $2.353B-$2.355B Vs $2.37B Est.; Subscription Revenue $1.897B; Service Revenue $456M-$458M; Non-GAAP Operating Income Of $827M
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems has updated its FY24 guidance, expecting total revenue between $2.353B and $2.355B, slightly below the estimated $2.37B. The company anticipates subscription revenue of about $1.897B, services revenue between $456M and $458M, and non-GAAP operating income of about $827M.
November 09, 2023 | 3:22 pm
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NEGATIVE IMPACT
Veeva Systems' FY24 revenue guidance is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Veeva Systems' updated FY24 guidance is slightly below the estimated $2.37B, which could lead to a negative sentiment among investors and potentially cause a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100