PR Newswire·Aug 26, 2026, 4:05 PM ET

Veeva Announces Fiscal 2027 Second Quarter Results

VEEV

Veeva Systems reported total revenues of $928.0 million for the second quarter ended July 31, 2026, representing an 18% year-over-year increase.
Subscription revenues reached $766.8 million, a 16% year-over-year rise.
Operating income grew 40% year-over-year to $275.0 million, while non-GAAP operating income increased 18% to $415.9 million.
Net income rose 37% year-over-year to $273.4 million, with non-GAAP net income increasing 16% to $387.4 million.
Fully diluted net income per share was $1.66, compared to $1.19 in the prior year period; non-GAAP diluted net income per share was $2.35.
Vault CRM achieved its best quarter ever with over 180 live customers, including five top 20 biopharmas, bringing total top 20 commitments to 12 globally.
Development of Veeva Falcon, an agentic labor platform, advanced with five early adopters and a scheduled launch of Veeva Falcon MLR for automated content reviews.
Veeva acquired Copli during the quarter and expanded adoption of Development Cloud, Quality Cloud, Safety Workbench, and various Quality solutions.
The company provided third quarter fiscal 2027 revenue guidance between $932 million and $935 million.
Updated full-year fiscal 2027 guidance includes total revenues between $3,682 million and $3,687 million, non-GAAP operating income of approximately $1,640 million, and non-GAAP diluted net income per share of about $9.21.
Veeva holds $1.81 billion in cash and cash equivalents as of July 31, 2026.
A conference call to discuss these results was held on August 26, 2026, at 2:00 p.m. PT.