Quarterly ResultJun 3, 2026, 04:07 PM
Veeva Systems Q1 Revenue $882.9M (+16% YoY); Raises FY27 Guidance
AI Summary
Veeva Systems announced its fiscal 2027 first quarter results, with total revenues reaching $882.9 million, a 16% increase year-over-year. Subscription revenues also saw a significant rise of 15% to $730.2 million. The company highlighted strong progress in its AI initiatives, including the acquisition of Ostro and the planned expansion of Vault AI. Veeva also raised its fiscal 2027 guidance, signaling confidence in continued growth.
Key Highlights
- Veeva Systems reported Q1 FY2027 total revenues of $882.9M, a 16% increase year-over-year.
- Subscription revenues grew 15% year-over-year to $730.2M.
- Operating income increased 17% year-over-year to $273.1M.
- Net income rose 14% year-over-year to $260.9M.
- Diluted EPS was $1.57, up from $1.37 in the prior year.
- Raised fiscal 2027 guidance for total revenues to $3,635M - $3,645M.
- Acquired Ostro in March, which is delivering compliant, conversational AI for over 50 brands.
- Vault AI is on track to expand to all Vault applications in August.
Price Impact
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