Veeva Systems Inc. (NYSE:VEEV) shares closed more than 5% lower today despite the company’s reported Q2 results, which were above the Street estimates. The company delivered quarterly $0.94 EPS, beating the consensus estimate of $0.87, and revenue of $455.6 million (up 29% year-over-year), versus the consensus estimate of $451.93 million.

The company projects Q3 revenue to range from $464 million to $466 million, which is better than the Street estimate of $456.94 million.

For the full 2022-year the management of the company expects an EPS of $3.57, better than the consensus estimate of $3.50, and revenue of $1.83 billion-$1.835 billion, compared to the consensus of $1.82 billion.