Veeva Systems (NYSE:VEEV – Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13, FiscalAI reports. The company had revenue of $927.96 million during the quarter, compared to the consensus estimate of $905.38 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.Veeva Systems’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $1.99 earnings per share. Veeva Systems updated its FY 2027 guidance to 9.210-9.210 EPS and its Q3 2027 guidance to 2.330-2.340 EPS.
Here are the key takeaways from Veeva Systems’ conference call:
- Veeva reported a strong second quarter, with revenue of $928 million and non-GAAP operating income of $416 million, both ahead of guidance.
- Customer interest in Falcon’s AI-driven “agentic labor” is high, with five early adopters and initial go-lives expected this year; management said demand currently exceeds its ability to deliver the product.
- Commercial subscription revenue grew about 13% year over year, or double digits excluding Crossix, with broad-based strength across CRM, content, data, Crossix, and Ostro.
- Veeva highlighted strong CRM momentum, including two major top-20 biopharma wins and 12 of the top 20 customers committed to Vault CRM; management also sees potential to win back some customers encountering delays with Salesforce implementations.
- R&D growth is transitioning from established products such as eTMF, CTMS, and QualityDocs toward earlier-stage offerings including EDC, eCOA, RTSM, Safety, and LIMS, which management views as significant long-term opportunities but says have different adoption timelines.
Veeva Systems Stock Down 0.8%
Shares of Veeva Systems stock traded down $2.06 during trading on Wednesday, hitting $244.72. 1,451,080 shares of the stock traded hands, compared to its average volume of 2,454,932. The stock has a market cap of $39.75 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 1.07 and a beta of 0.92. Veeva Systems has a 52 week low of $148.05 and a 52 week high of $310.50. The firm’s fifty day moving average is $201.60 and its 200-day moving average is $182.61.
Veeva Systems News Summary
- Positive Sentiment: Quarterly earnings and revenue exceeded estimates. Veeva reported adjusted EPS of $2.35, topping the $2.22 consensus estimate, while revenue reached approximately $928.0 million versus expectations of $905.4 million. Revenue increased 18% year over year, including 16% growth in subscription revenue to $766.8 million. Veeva Fiscal 2027 Second Quarter Results
- Positive Sentiment: Management raised its outlook substantially above analyst expectations. Third-quarter FY2027 EPS guidance of $2.33–$2.34 is above the $2.16 consensus, while revenue guidance of $932 million–$935 million exceeds the $917.9 million estimate. Full-year EPS guidance of $9.21 is above the $8.58 consensus, and revenue guidance of approximately $3.7 billion is ahead of the $3.6 billion forecast. Veeva Earnings Press Release
- Positive Sentiment: Vault CRM gained major customers. Regeneron and Biogen each committed to adopting Veeva Vault CRM globally, supporting Veeva’s claims of strong competitive positioning and potentially expanding recurring subscription revenue. Truist also described Vault CRM as the clear market leader ahead of the earnings report. Vault CRM Selected by Regeneron Vault CRM Selected by Biogen
- Neutral Sentiment: Analyst coverage remained supportive. Needham reaffirmed its Buy rating, while Piper Sandler initiated coverage. These actions may improve visibility but contain less incremental impact than the earnings beat and raised guidance. Needham Reaffirms Buy Rating
Insider Activity
In other news, insider Thomas D. Schwenger sold 36,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the sale, the insider owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.
Institutional Trading of Veeva Systems
Large investors have recently bought and sold shares of the company. Sivia Capital Partners LLC boosted its position in shares of Veeva Systems by 225.9% during the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after purchasing an additional 2,164 shares in the last quarter. Bank of Nova Scotia raised its holdings in Veeva Systems by 44.5% in the second quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock worth $1,689,000 after purchasing an additional 1,806 shares in the last quarter. NewEdge Advisors LLC lifted its position in Veeva Systems by 34.6% during the second quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock valued at $2,543,000 after buying an additional 2,272 shares during the period. Treasurer of the State of North Carolina lifted its position in Veeva Systems by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock valued at $19,856,000 after buying an additional 1,452 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Veeva Systems by 5.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock valued at $3,140,000 after buying an additional 575 shares in the last quarter. 88.20% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on VEEV. Citigroup boosted their price target on shares of Veeva Systems from $176.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Raymond James Financial reissued an “outperform” rating and issued a $225.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. UBS Group lowered their price objective on Veeva Systems from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Stifel Nicolaus increased their target price on shares of Veeva Systems from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and an average target price of $258.08.
View Our Latest Analysis on Veeva Systems
About Veeva Systems
Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.
Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.
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