PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Veeva Systems Inc. (VEEV) on Wednesday reported fiscal fourth-quarter profit of $188.5 million.

The Pleasanton, California-based company said it had net income of $1.16 per share. Earnings, adjusted for non-recurring gains, were $1.15 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The provider of cloud-based software services for the life sciences industry posted revenue of $563.4 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $552.2 million.

For the year, the company reported profit of $487.7 million, or $3 per share. Revenue was reported as $2.16 billion.

For the current quarter ending in April, Veeva expects its per-share earnings to range from 79 cents to 80 cents.

The company said it expects revenue in the range of $514 million to $516 million for the fiscal first quarter.

Veeva expects full-year earnings to be $4.33 per share, with revenue ranging from $2.35 billion to $2.36 billion.

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