Veeva Systems Inc.
Veeva Systems Reports Strong Q1 FY2027 Results and Raises Guidance
Summary
Veeva Systems Inc. reported strong first quarter fiscal 2027 results, with total revenues of $882.9 million, up 16% year over year. Subscription revenues grew 15% to $730.2 million. The company also reported operating income of $273.1 million and net income of $260.9 million. Veeva raised its fiscal 2027 guidance, anticipating total revenues between $3,635 and $3,645 million and non-GAAP fully diluted net income per share of approximately $9.05.
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About Veeva Systems Inc.
Veeva Systems Inc. is a cloud-based software solutions provider focusing specifically on the life sciences industry. Its primary function is to develop and deliver specialized software tailored for companies in the pharmaceutical, biotechnology, and medical device sectors. Veeva's product suite includes applications for customer relationship management, content management, collaboration, and data analytics, facilitating enhanced operational efficiency and regulatory compliance. The company’s offerings are designed to optimize the critical aspects of a life sciences company's operations, such as clinical data management, regulatory submissions, and commercial activities. Veeva Systems plays a significant role in the growing digital transformation of the health-related industries, bridging the gap between advanced technological solutions and industry-specific requirements. Founded in 2007 and headquartered in Pleasanton, California, Veeva has established itself as a leader in its niche market, empowering its clients with innovative tools that streamline R&D processes and enhance their go-to-market capabilities.
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