Veeva Systems Q2 Beats Estimates, Stock Up 8.61%

Veeva Systems Inc. reported second-quarter results after Wednesday's close, beating analyst expectations across all metrics.

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Veeva Q2 Details

Veeva Systems reported quarterly earnings per share of $2.35, beating the consensus estimate of $2.22 by 5.86%.

Quarterly revenue came in at $927.96 million, beating Wall Street expectations of $905.28 million.

Second-quarter subscription revenue was $766.8 million, up 16% year-over-year from $659.2 million.

"AI opens the next chapter for Veeva and life sciences," said CEO Peter Gassner.

"Vault CRM had its best quarter ever, and Veeva Falcon is accelerating. With deep industry applications, agents, data, and consulting services, we are helping the industry drive new efficiencies from clinical to commercial and deliver better patient outcomes," Gassner added.

Outlook

Veeva Systems raised its fiscal 2027 adjusted earnings per share guidance from $9.05 to $9.21, compared to analyst expectations of $9.06, and raised its revenue outlook to $36.82 billion to $36.87 billion, versus expectations of $36.5 billion.

VEEV stock price action: According to data, Veeva shares rose 8.61% to $266 in Wednesday's after-hours trading.