VEEV

It has been about a month since the last earnings report for Veeva Systems (VEEV). Shares have added about 7.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Veeva due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Veeva Systems reported adjusted earnings per share of $2.24 for the first quarter of fiscal 2027, which increased 13.7% from the year-ago figure of $1.74. Adjusted earnings per share beat the Zacks Consensus Estimate by 5.2%. GAAP earnings per share in the fiscal first quarter was $1.57, up 14.6% from the year-ago period’s $1.37. In the quarter under review, the company’s revenues totaled $882.9 million, beating the Zacks Consensus Estimate by 2.9%. On a year-over-year basis, the top line improved 16.3%. The fiscal first-quarter top line was driven by Veeva Systems’ robust segmental performance. Veeva Systems derives revenues from two operating segments: Subscription services and Professional services and other. In the fiscal first quarter, Subscription services revenues improved 15% from the year-ago quarter to $730.2 million. Per management, this uptick was driven by both its established and newer solutions. Professional services and other revenues increased 22.9% year over year to $152.8 million. In the quarter under review, Veeva Systems’ gross profit improved 13.1% year over year to $662 million. However, the gross margin contracted 220 basis points (bps) to 74.9%. Sales and marketing expenses increased 12.7% year over year to $111.1 million. Research and development (R&D) expenses rose 13.2% year over year to $208.3 million, while general and administrative expenses increased 0.9% year over year to $69.5 million. Total operating expenses of $388.9 million increased 10.6% year over year. Operating profit totaled $273.1 million, which increased 16.8% from the prior-year quarter. The operating margin in the fiscal first quarter expanded 20 bps to 30.9%. The company exited first-quarter fiscal 2027 with cash and cash equivalents and short-term investments of $7.31 billion compared with $6.56 billion at the fiscal fourth quarter of 2026-end. Net cash provided by opera...

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how vertical software stocks fared in Q1, starting with Veeva Systems (NYSE:VEEV). Software is eating the world, and while a large number of solutions such as project management or video conferencing software can be useful to a wide array of industries, some have very specific needs. As a result, vertical software, which addresses industry-specific workflows, is growing and fueled by the pressures to improve productivity, whether it be for a life sciences, education, or banking company. The 14 vertical software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.6% since the latest earnings results. Originally named "Verticals onDemand" before rebranding in 2009, Veeva Systems (NYSE:VEEV) provides cloud software, data solutions, and consulting services that help life sciences companies develop and bring products to market more efficiently. Veeva Systems reported revenues of $882.9 million, up 16.3% year on year. This print exceeded analysts’ expectations by 2.9%. Overall, it was a very strong quarter for the company with a solid beat of analysts’ billings estimates and full-year EPS guidance exceeding analysts’ expectations. "Our rapid progress with Veeva AI sets the foundation as we enter the next chapter of our industry cloud," said CEO Peter Gassner. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 9% since reporting and currently trades at $162.60. Is now the time to buy Veeva Systems? Access our full analysis of the earnings results here, it’s free. Originally named after Adobe Creek that ran behind co-founder John Warnock's house, Adobe (NASDAQ:ADBE) develops software products used for digital content creation, document management, and marketing solutions across desktop, mobile, and cloud platforms. Adobe reported revenues of $6.62 billion, up 12.7% year on year, outperforming ana...

Veeva Systems’ first quarter saw meaningful progress across its core business lines, with management attributing the results to broad-based customer demand and product execution in both R&D and commercial segments. CEO Peter Gassner highlighted the launch of Veeva’s Falcon platform as a key milestone, describing it as a shift toward “agentic labor”—using AI agents to automate specialized industry tasks. Strong service execution and continued innovation in measurement tools like Crossix also contributed, with management noting that market appetite for digital and AI-driven solutions remains robust. Is now the time to buy VEEV? Find out in our full research report (it’s free). Revenue: $882.9 million vs analyst estimates of $857.8 million (16.3% year-on-year growth, 2.9% beat) Adjusted EPS: $2.24 vs analyst estimates of $2.14 (4.9% beat) Adjusted Operating Income: $395.4 million vs analyst estimates of $381.5 million (44.8% margin, 3.6% beat) The company lifted its revenue guidance for the full year to $3.64 billion at the midpoint from $3.59 billion, a 1.3% increase Management raised its full-year Adjusted EPS guidance to $9.05 at the midpoint, a 2.3% increase Operating Margin: 30.9%, in line with the same quarter last year Billings: $850 million at quarter end, up 18.4% year on year Market Capitalization: $27.24 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Joseph Vruwink (Baird) asked about the scope and customer impact of Falcon. CEO Peter Gassner explained Falcon's aim to automate high-volume, regulated industry tasks, emphasizing that agents would operate within Veeva’s existing applications for maximum efficiency. Brian Peterson (Raymond James) inquired about pharma’s adoption of AI versus traditional SaaS. Gassner described the industry’s move toward a "MAAP" (Models, Agents, Applications) architecture, with AI agents performing high-volume tasks while humans focus on higher-value work. Hoi-Fung Wong (Oppenheimer) questioned the conservative full-year guidance for the R&D business. CFO Brian Van Wagener stated that growth is driven by large, early-stage products and that scaling is still in progress,...

Veeva Systems Inc. VEEV used its first-quarter fiscal 2027 earnings call to frame a broader shift in strategy, arguing that its next growth phase will come from combining industry-specific software with AI agents rather than simply adding AI features to the existing products. That message mattered as management also raised its full-year guidance after quarterly earnings and revenues both topped the Zacks Consensus Estimate, giving investors a stronger read on execution and on where Veeva Systems sees its biggest openings next. Chief executive officer Peter Gassner made the central point of the call clear: Veeva Systems is moving from an industry-specific application company to an industry-specific application and AI agent company. Gassner described that as a major shift in how the company can serve life sciences customers. Gassner said that the company is organizing its AI strategy around models, agents and applications, with Veeva Systems providing the application and agent layers for regulated life sciences work. In his framing, AI inside Vault can improve how people use software, while Falcon is designed to automate portions of work that have historically required human labor. That emphasis gave the quarter a different tone from a standard software earnings call. The reported numbers were strong, with non-GAAP earnings of $2.24 per share beating the Zacks Consensus Estimate of $2.13. The company reported revenues of $882.95 million, which surpassed the consensus mark of $857.33 million. Also, management kept steering attention toward product architecture and long-term positioning. Veeva Systems Inc. price-consensus-eps-surprise-chart | Veeva Systems Inc. Quote Chief financial officer Brian Van Wagener said that the fiscal first-quarter results exceeded guidance across all metrics, reflecting broad-based growth and profitability. Total revenues rose 16% year over year, while non-GAAP operating income climbed to $395.4 million from $349.9 million. Management raised the fiscal 2027 revenue guidance to $3.635-$3.645 billion from its prior expectations, and projected $1.61 billion in non-GAAP operating income, with non-GAAP earnings per share of $9.05. For the fiscal second quarter, Veeva Systems expects revenues of $902 million to $905 million, and non-GAAP earnings per share of $2.21 to $2.22. Van Wagener told Truist Securities that the macro environment loo...

Life sciences cloud software provider Veeva Systems (NYSE:VEEV) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 16.3% year on year to $882.9 million. Guidance for next quarter’s revenue was better than expected at $903.5 million at the midpoint, 1.7% above analysts’ estimates. Its non-GAAP profit of $2.24 per share was 4.9% above analysts’ consensus estimates. Is now the time to buy VEEV? Find out in our full research report (it’s free). Revenue: $882.9 million vs analyst estimates of $857.8 million (16.3% year-on-year growth, 2.9% beat) Adjusted EPS: $2.24 vs analyst estimates of $2.14 (4.9% beat) Adjusted Operating Income: $395.4 million vs analyst estimates of $381.5 million (44.8% margin, 3.6% beat) The company lifted its revenue guidance for the full year to $3.64 billion at the midpoint from $3.59 billion, a 1.3% increase Management raised its full-year Adjusted EPS guidance to $9.05 at the midpoint, a 2.3% increase Operating Margin: 30.9%, in line with the same quarter last year Billings: $850 million at quarter end, up 18.4% year on year Market Capitalization: $29.17 billion Veeva Systems’ first quarter saw meaningful progress across its core business lines, with management attributing the results to broad-based customer demand and product execution in both R&D and commercial segments. CEO Peter Gassner highlighted the launch of Veeva’s Falcon platform as a key milestone, describing it as a shift toward “agentic labor”—using AI agents to automate specialized industry tasks. Strong service execution and continued innovation in measurement tools like Crossix also contributed, with management noting that market appetite for digital and AI-driven solutions remains robust. Looking ahead, Veeva’s updated guidance is anchored by expectations for continued AI adoption, new product rollouts, and expanded customer engagement from recent acquisitions. Management views the integration of platforms like Falcon and Ostro as central to delivering industry-specific automation, with Gassner emphasizing, “Falcon is just going to deliver value. It’s going to be great revenue for Veeva, but it’s going to deliver value far above and beyond that for the industry.” The company is also prioritizing investments in product engineering and consulting to maintain technology leadership and support the scaling of AI-powered offerings. Management attributed the...

Veeva Systems, Inc. VEEV reported adjusted earnings per share (EPS) of $2.24 for the first quarter of fiscal 2027, which increased 13.7% from the year-ago figure of $1.74. Adjusted EPS beat the Zacks Consensus Estimate by 5.2%. GAAP EPS in the fiscal first quarter was $1.57, up 14.6% from the year-ago period’s $1.37. In the quarter under review, the company’s revenues totaled $882.9 million, beating the Zacks Consensus Estimate by 2.9%. On a year-over-year basis, the top line improved 16.3%. However, shares of the company lost 5.2% in yesterday’s after-market trading. The stock lost 19.8% in the year-to-date period compared with the industry’s decline of 19.1%. However, the S&P 500 Index has increased 10.2% in the same time frame. The fiscal first-quarter top line was driven by Veeva Systems’ robust segmental performance. Image Source: Zacks Investment Research Veeva Systems derives revenues from two operating segments: Subscription services and Professional services and other. In the fiscal first quarter, Subscription services revenues improved 15% from the year-ago quarter to $730.2 million. Per management, this uptick was driven by both its established and newer solutions. Professional services and other revenues increased 22.9% year over year to $152.8 million. In the quarter under review, Veeva Systems’ gross profit improved 13.1% year over year to $662 million. However, the gross margin contracted 220 basis points (bps) to 74.9%. Sales and marketing expenses increased 12.7% year over year to $111.1 million. Research and development (R&D) expenses rose 13.2% year over year to $208.3 million, while general and administrative expenses increased 0.9% year over year to $69.5 million. Total operating expenses of $388.9 million increased 10.6% year over year. Operating profit totaled $273.1 million, which increased 16.8% from the prior-year quarter. The operating margin in the fiscal first quarter expanded 20 bps to 30.9%. The company exited first-quarter fiscal 2027 with cash and cash equivalents and short-term investments of $7.31 billion compared with $6.56 billion at the fiscal fourth quarter of 2026-end. Net cash provided by operating activities at the end of the quarter was $1.13 billion compared with $877.2 million a year ago. Veeva Systems has issued its financial outlook for the fiscal second quarter and fiscal 2027. For the fiscal second quarter, th...

Image source: The Motley Fool. Wednesday, June 3, 2026 at 5 p.m. ET Chief Executive Officer — Peter Gassner Chief Financial Officer — Brian Van Wagener Executive Vice President, Strategy — Paul Shawah SVP, Finance & Investor Relations — Gunnar Hansen Need a quote from a Motley Fool analyst? Email [email protected] Gunnar Hansen: Good afternoon, and welcome to Veeva's Fiscal 2027 First Quarter Earnings Conference Call for the quarter ended April 30, 2026. As a reminder, we posted prepared remarks on Veeva's Investor Relations website just after 1:00 p.m. Pacific today. We hope you have had a chance to read them before the call. Today's call will be used primarily for Q&A. With me today for Q&A are Peter Gassner, our Chief Executive Officer; Paul Shawah, EVP, Strategy; and Brian Van Wagener, our Chief Financial Officer. During this call, we may make forward-looking statements regarding trends, our strategies and the anticipated performance of the business, including guidance regarding future financial results. These forward-looking statements will be based on our current views and expectations and are subject to various risks and uncertainties. Our actual results may differ materially. Please refer to the risks listed in our earnings release and the risk factors included in our most recent filing on Form 10-K. Forward-looking statements made during the call are being made as of today, June 3, 2026 based on the facts available to us today. If this call is replayed or viewed after today, the information presented during the call may not contain current or accurate information. Veeva disclaims any obligation to update or revise any forward-looking statements. We may discuss our guidance on today's call, but we will not provide any further guidance or updates on our performance during the quarter unless we do so in a public forum. On the call, we may also discuss certain non-GAAP metrics that we believe aid in the understanding of our financial results. A reconciliation to comparable GAAP measures can be found in today's earnings release and in the supplemental investor presentation, both of which are available on our website. With that, thank you for joining us, and I'll turn the call over to Peter. Peter Gassner: Thank you, Gunnar, and welcome, everyone, to the call. We had a strong start to the year, delivering results ahead of our guidance. Total revenue in the quar...

Veeva Systems (VEEV) reported fiscal Q1 non-GAAP earnings late Wednesday of $2.24 per diluted share,

Interested in Veeva Systems Inc.? Here are five stocks we like better. Veeva Systems said it had a strong first quarter, with revenue of $883 million and non-GAAP operating income of $395 million, both ahead of guidance. Management said execution was strong across the business as the company pushes deeper into AI for life sciences. The call focused heavily on Veeva Falcon, a new AI initiative aimed at “agentic labor” that could automate high-volume tasks like clinical trial documentation and safety case processing. Veeva also said Vault AI will be embedded in its applications to help human users work more efficiently. Executives said AI revenue will remain limited near term, with CFO Brian Van Wagener saying it should be “fairly immaterial” this year and not a major margin driver. At the same time, Veeva highlighted momentum in R&D, Crossix, services, and continued progress in Vault CRM migrations. Down 20%+, These 3 Software Stocks Are Boosting Buybacks Veeva Systems (NYSE:VEEV) reported a strong start to the year, with Chief Executive Officer and Co-Founder Peter Gassner saying the company delivered results ahead of guidance as it expands its focus on artificial intelligence for the life sciences industry. On the earnings call, Gassner said total revenue in the quarter was $883 million, while non-GAAP operating income was $395 million. He said execution remained strong across the business and described the current period as “an exciting time for Veeva and for life sciences overall” as the company pursues what it calls “industry AI.” → Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors Veeva Systems: Increasing NDR and Other Wins Much of the call centered on Veeva Falcon, a new AI initiative that Gassner described as a major new area for the company. Responding to a question from Baird analyst Joe Vruwink, Gassner said Falcon represents “the next chapter of Veeva” as the company expands from applications, data and consulting to “software, AI, data, and consulting.” Gassner said Falcon is focused on the “agent layer,” or what he called “agentic labor,” with AI agents designed to fully replace certain jobs that people previously performed using Veeva applications. He said this is disruptive because it requires Veeva applications to operate effectively in a “headless” manner, with agents acting as users of the company’s systems. →...

Veeva Systems (VEEV) reported $882.95 million in revenue for the quarter ended April 2026, representing a year-over-year increase of 16.3%. EPS of $2.24 for the same period compares to $1.97 a year ago. The reported revenue represents a surprise of +2.99% over the Zacks Consensus Estimate of $857.33 million. With the consensus EPS estimate being $2.13, the EPS surprise was +5.1%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Veeva performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Non-GAAP Gross Margin- Professional services and other: 29.5% versus 27.7% estimated by seven analysts on average. Non-GAAP Gross Margin- Subscription services: 86.8% versus the seven-analyst average estimate of 87%. Revenues- Subscription services: $730.18 million versus $720.28 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15% change. Revenues- Professional services and other: $152.77 million compared to the $137.05 million average estimate based on seven analysts. The reported number represents a change of +22.9% year over year. Revenues- Professional services and other- Veeva R&D Solutions: $95.2 million versus $88.58 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +22.5% change. Revenues- Subscription services- Veeva R&D Solutions: $392.31 million versus the four-analyst average estimate of $386 million. The reported number represents a year-over-year change of +19.1%. Revenues- Subscription services- Veeva Commercial Solutions: $337.87 million compared to the $334.47 million average estimate based on four analysts. The reported number represents a change of +10.6% year over year. Revenues- Professional services and other- Veeva Commercial Solutions: $57.57 million versus the four-analyst average estimate of $48.72 million....

Veeva Systems (VEEV) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.10%. A quarter ago, it was expected that this provider of cloud-based software services for the life sciences industry would post earnings of $1.92 per share when it actually produced earnings of $2.06, delivering a surprise of +7.29%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Veeva, which belongs to the Zacks Medical Info Systems industry, posted revenues of $882.95 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 2.99%. This compares to year-ago revenues of $759.04 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Veeva shares have lost about 18.1% since the beginning of the year versus the S&P 500's gain of 11.2%. While Veeva has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Veeva was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete...

Total Revenues of $882.9M, up 16% Year Over YearSubscription Revenues of $730.2M, up 15% Year Over Year PLEASANTON, Calif., June 3, 2026 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its first quarter ended April 30, 2026. "Our rapid progress with Veeva AI sets the foundation as we enter the next chapter of our industry cloud," said CEO Peter Gassner. "We are moving from an industry-specific application company to an industry-specific application and AI agent company. This is a major transformation for Veeva and the industry that will help our customers bring the right medicines to patients faster." Fiscal 2027 First Quarter Results: Revenues: Total revenues for the first quarter were $882.9 million, up from $759.0 million one year ago, an increase of 16% year over year. Subscription revenues for the first quarter were $730.2 million, up from $634.8 million one year ago, an increase of 15% year over year. Operating Income and Non-GAAP Operating Income:(1) First quarter operating income was $273.1 million, compared to $233.7 million one year ago, an increase of 17% year over year. Non-GAAP operating income for the first quarter was $395.4 million, compared to $349.9 million one year ago, an increase of 13% year over year. Net Income and Non-GAAP Net Income:(1) First quarter net income was $260.9 million, compared to $228.2 million one year ago, an increase of 14% year over year. Non-GAAP net income for the first quarter was $371.1 million, compared to $327.8 million one year ago, an increase of 13% year over year. Net Income per Share and Non-GAAP Net Income per Share:(1) For the first quarter, fully diluted net income per share was $1.57, compared to $1.37 one year ago, while non-GAAP fully diluted net income per share was $2.24, compared to $1.97 one year ago. "Our first quarter results exceeded guidance on all metrics, reflecting another quarter of broad-based growth and profitability," said CFO Brian Van Wagener. "We're pleased with the raised fiscal 2027 guidance and energized by the large and growing opportunity ahead." Recent Highlights: Advancing Industry AI with Rapid Progress Across Veeva AI – Veeva significantly advanced its industry AI strategy this quarter. Ostro, acquired in March, is delivering compliant, conversational AI for mo...