Veeva Systems Inc. surged 9% in after-hours trading after reporting second-quarter results that topped analyst expectations on revenue and earnings, while raising its full-year outlook.
The Pleasanton, California-based company posted adjusted earnings per share of $2.35, exceeding the $2.22 consensus estimate. Revenue rose 18% year-over-year to $928.0 million, surpassing the $905.41 million forecast. Subscription revenue grew 16% to $766.8 million, while adjusted operating income climbed 18% to $415.9 million.
Veeva’s guidance for the third quarter calls for revenue between $932 million and $935 million, above the $917.9 million consensus. Adjusted EPS is projected at $2.33–$2.34, also outpacing estimates. For fiscal 2027, revenue guidance was raised to $3.682 billion–$3.687 billion, up from the prior consensus of $3.646 billion, with adjusted EPS expected to reach $9.21.
The company highlighted momentum in its Vault CRM platform, which reported its strongest quarter yet with more than 180 live customers, including five of the top 20 biopharmaceutical firms. Veeva Falcon, its agentic labor platform for clinical, regulatory, and safety functions, accelerated with five early adopters and is on track for initial deployments this year.
Chief Executive Peter Gassner noted that artificial intelligence is driving the next major phase for Veeva and life sciences, while Vault CRM’s performance underscored its growing adoption. Chief Financial Officer Brian Van Wagener said second-quarter results exceeded guidance across all metrics and that the company’s outlook for the full year had improved.
Veeva’s shares closed at $308.50 on Wednesday, up 0.8% in regular trading.
