Veeva Systems Inc. Earnings Surge

NEW YORK – Veeva Systems Inc. (NYSE: VEEV) shares rose 4% in after-hours trading following the release of its second quarter results, which exceeded expectations.

For the quarter ending July 31, Veeva reported:
– Adjusted Earnings: $1.62 per share (analyst consensus: $1.53)
– Revenue: $676.2 million (15% YoY growth; estimates: $667.84 million)

Subscription Services Revenue
– Grew by 19% YoY to $561.3 million.

Professional Services Revenue
– Slight decline to $114.9 million.

CEO Peter Gassner commented, “It was another quarter of great execution, with major product advances in clinical and CRM that position us well for the industry cloud opportunity we see ahead.”

Future Outlook
– Q3 Adjusted EPS: Forecast of $1.57-$1.58 (consensus: $1.55)
– Projected Q3 Revenue: $682-$685 million (aligned with estimates of $685.9 million).

Full Fiscal Year 2025
– Raised outlook: Revenue now projected at $2.704-$2.710 billion, with adjusted EPS around $6.22.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.