Veeva Systems Inc (NYSE:VEEV) shares are trading lower after it reported fourth-quarter FY24 results.
Revenue rose 12% Y/Y to $630.6 million, beating the consensus of $621.1 million. Subscription services revenues stood at $521.5 million, up 13% Y/Y.
Adjusted operating income rose 14% YY to $239.1 million in the quarter. Adjusted EPS of $1.38, beating the consensus of $1.30.
As of January 31, 2024, cash …