Veeva Systems Inc ( (VEEV) ) has released its Q2 earnings. Here is a breakdown of the information Veeva Systems Inc presented to its investors.
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Veeva Systems Inc., a prominent provider of cloud-based solutions for the life sciences industry, has reported its fiscal 2026 second-quarter earnings, showcasing significant growth in revenue and profitability.
The company announced total revenues of $789.1 million for the quarter, marking a 17% increase compared to the same period last year. Subscription services revenues also saw a 17% rise, reaching $659.2 million. Veeva’s CEO, Peter Gassner, highlighted the company’s advancements in AI and data cloud solutions, which are driving transformational changes in the life sciences sector.
Key financial metrics for the quarter include an 18% increase in operating income, reaching $195.9 million, and a 26% rise in non-GAAP operating income, amounting to $352.6 million. Net income also grew by 17% to $200.3 million, with non-GAAP net income increasing by 25% to $333.4 million. The company’s strategic initiatives, such as the expansion of its Vault CRM Suite and a new partnership with IQVIA, are expected to bolster its market position.
Looking ahead, Veeva Systems has provided guidance for the upcoming fiscal quarter, projecting total revenues between $790 and $793 million and non-GAAP operating income between $348 and $350 million. For the fiscal year ending January 31, 2026, the company anticipates total revenues between $3,134 and $3,140 million.
Veeva Systems continues to demonstrate robust growth and strategic advancements, positioning itself as a key player in the life sciences industry. With a focus on innovation and customer success, the company is poised for sustained long-term growth.