The cloud software provider for healthcare and life sciences companies delivered an earnings beat and rosy outlook. Shares of Veeva Systems (VEEV 9.20%) were rallying on Thursday, up 9% as of 12:44 p.m. ET. The cloud-based software company reported strong earnings last night that exceeded analysts' estimates, along with strong bottom-line guidance for the coming quarter. A discounted Veeva comes in strong Veeva stock had not been a technology highflier this year, and was up just 3.5% on the year coming into ...

Veeva Systems Inc. (NYSE:VEEV) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Gunnar Hansen - Senior Director, Investor Relations Peter Gassner - Founder and Chief Executive Officer Tim Cabral - Interim Chief Financial Officer Paul Shawah - Executive Vice President, Commercial Strategy Conference Call Participants Joe Vruwink - Baird Saket Kalia - Barclays Ken Wong - Oppenheimer & Company Brian Peterson - Raymond James Rishi Jaluria - RBC Capital Markets Tyler Radke - Citig ...

Veeva Systems (VEEV) reported $676.18 million in revenue for the quarter ended July 2024, representing a year-over-year increase of 14.6%. EPS of $1.62 for the same period compares to $1.21 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $667.21 million, representing a surprise of +1.34%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $1.53. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Veeva Systems (VEEV) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this provider of cloud-based software services for the life sciences industry would post earnings of $1.43 per share when it actually produced earnings of $1.50, delivering ...

W Q2'25 Quarterly Results August 28, 2024 Safe Harbor and Other Information This presentation and associated commentary contain forward-looking statements regarding Veeva's expected future performance and, in particular, includes guidance, provided as of August 28, 2024, about Veeva's expected future financial results. Estimating guidance accurately for future periods is difficult. It involves assumptions and internal estimates that may prove to be incorrect and is based on plans that may change. Hence, the ...

Total Revenues of $676.2M, up 15% Year Over Year; Subscription Services Revenues of $561.3M, up 19% Year Over Year PLEASANTON, Calif., Aug. 28, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its second quarter ended July 31, 2024. "It was another quarter of great execution, with major product advances in clinical and CRM that position us well for the industry cloud opportunity we see ahea ...

Exhibit 99.1 Veevo FOR IMMEDIATE RELEASE Veeva Announces Fiscal 2025 Second Quarter Results Total Revenues of $676.2M, up 15% Year Over Year; Subscription Services Revenues of $561.3M, up 19% Year Over Year PLEASANTON, CA - August 28, 2024 - Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its second quarter ended July 31, 2024. "It was another quarter of great execution, with major product advances in clinical ...

Core Viewpoint - The investment thesis for Veeva Systems (NYSE: VEEV) remains bullish despite mixed feelings due to the stock's underperformance compared to the broader market. The upcoming Q2 earnings report is anticipated to reinforce this bullish sentiment, supported by attractive valuations and strong fundamentals [3][4]. Recent Developments and Q2 Earnings Preview - VEEV's Q1 earnings report showed a revenue growth of 23.5% year-over-year, with adjusted EPS increasing from $0.91 to $1.50. The actual revenue was $650.35 million, beating expectations by $8.35 million [5][6]. - The upcoming Q2 earnings release is scheduled for August 28, with analysts forecasting revenue of approximately $668 million, representing a 13% year-over-year increase, and adjusted EPS expected to rise from $1.21 to $1.53 [9][10]. Financial Performance - VEEV demonstrated strong operating leverage in Q1, with gross margin expanding from 70.8% to 73.3% and operating margin more than doubling from 11.7% to 24.6%. Levered free cash flow increased significantly from $43 million to $749 million year-over-year [7]. - The balance sheet is robust, with total cash of $4.77 billion and minimal debt of $55.74 million, resulting in a net cash position of $4.71 billion [8]. Analyst Sentiment - VEEV has a flawless earnings surprise history, having never missed revenue or EPS consensus estimates over the last sixteen quarters, indicating strong management execution [11]. - Recent reports from analysts, including BofA Securities, have included VEEV in lists of top stocks, reflecting positive sentiment in the market [12][14]. Valuation Update - VEEV's stock has appreciated by 3.5% year-to-date but has underperformed the broader market. The stock currently has a low valuation grade, yet it shows strong profitability and growth metrics [16]. - The fair value of VEEV is estimated at $36.84 billion, suggesting a 16% upside potential from the current market price of $31.86 [20]. Conclusion - The fundamentals for VEEV appear robust, with significant revenue and EPS growth expected to continue. The company's strong financial position allows for strategic investments that could enhance shareholder value [15][25].

Analysts on Wall Street project that Veeva Systems (VEEV) will announce quarterly earnings of $1.53 per share in its forthcoming report, representing an increase of 26.5% year over year. Revenues are projected to reach $667.21 million, increasing 13% from the same quarter last year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

Veeva Systems (VEEV) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this provider of cloud-based software services for the life sciences industry have returned +9.3%, compared to the Zacks S&P 500 composite's +2.2% change. During this period, the Zacks Internet - Software industry, which Veeva falls in, has gained 7.2%. The key ques ...