Veeva Systems Inc. (NYSE:VEEV) posted its second-quarter results after Wednesday’s closing bell, beating analyst estimates across the board.
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Veeva Q2 Details
Veeva Systems reported quarterly earnings of $2.35 per share, which beat the consensus estimate of $2.22 by 5.86%, according to Benzinga Pro data.
Quarterly revenue clocked in at $927.96 million, which beat the Street estimate of $905.28 million.
Subscription revenues for the second quarter were $766.8 million, up from $659.2 million one year ago, an increase of 16% year over year.
“AI is opening up the next big chapter for Veeva and life sciences,” said CEO Peter Gassner.
“Vault CRM had its best quarter ever and Veeva Falcon accelerated rapidly. By bringing together deep industry applications, agents, data, and consulting, we are helping the industry drive new efficiencies from clinical to commercial and deliver better outcomes for patients,” Gassner added.
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Looking Ahead
Veeva Systems raised its fiscal 2027 adjusted EPS guidance from $9.05 to $9.21, versus the $9.06 analyst estimate, and raised its revenue outlook to between $3.682 billion and $3.687 billion, versus the $3.65 billion estimate.
VEEV Stock Price Activity: According to data from Benzinga Pro, Veeva stock was up 8.61% to $266 in Wednesday’s extended trading.
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