Veeva Systems Surpasses Q1 Earnings And Revenue Estimates
$VEEV
Veeva Systems Inc. (NYSE:VEEV), a prominent provider of cloud-based software solutions for the life sciences industry, has reported a robust performance in its fiscal first quarter of 2026, surpassing both earnings and revenue expectations. The company announced earnings of $1.97 per share, significantly higher than the consensus estimate of $1.74 per share. This marks a substantial increase from the $1.50 per share reported in the same quarter last year.
The company’s revenue for the quarter stood at $759.04 million, a 16.7% increase from the previous year’s figure of $650.34 million. This performance exceeded the Zacks Consensus Estimate by 4.27%. The revenue growth was primarily driven by a significant uptick in subscription services, which totaled $634.77 million, up 18.9% year-over-year.
The R&D Solutions segment alone saw a revenue increase of 20.8% compared to the previous year, reaching $329.36 million. The Commercial Solutions segment also showed strong performance with a 16.9% increase to $305.41 million.Revenue from professional services and other related services decreased by 4.5% year-over-year, totaling $46.57 million. However, this was offset by the robust growth in subscription revenues.
For the fiscal second quarter ending in July 2025, the company expects revenue to be between $766 million and $769 million. Additionally, Veeva projects full-year earnings to be approximately $7.63 per share, with total revenue expected to reach between $3.09 billion and $3.10 billion.
The company’s performance and forward-looking initiatives indicate a strong position in the cloud-based solutions market for life sciences, with continued potential for growth and innovation. As Veeva continues to expand its offerings and enhance its technological capabilities, it remains a key player in its industry, poised for further success in the upcoming fiscal periods.
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