Veeva ups guidance after Q2 results

|About: Veeva Systems Inc. (VEEV)|By:, SA News Editor

Veeva Systems (VEEV -0.9%) Q2 results: Revenues: $75.7M (+62.4%); Gross Profit: $47.5M (+56.1%); Operating Expenses: $30.7M (+49.2%); Operating Income: $16.8M (+70.6%); Net Income: $9.5M (+644.3%); EPS: $0.07 (+133.3%); Quick Assets: $350.2M (+21.6%); CF Ops: $16.6M (+129.5%).

Q3 Guidance: Revenues: $78M - 79M; non-GAAP Operating Income: $19M - 20M; non-GAAP EPS: $0.08.

2014 Guidance: Revenues: $300M - 303M from $277M - 282M; non-GAAP Operating Income: $73M - 76M from $58M - 63M; non-GAAP EPS: $0.30 - 0.31 from $0.26 - 0.28.