Veeva Announces Fiscal 2026 First Quarter Results

Core Insights - Veeva Systems Inc. reported total revenues of $759.0 million for the first quarter of fiscal 2026, representing a 17% increase year over year [1][6] - Subscription services revenues reached $634.8 million, up 19% from the previous year [1][6] - The company achieved a revenue run rate goal of $3 billion for 2025, indicating strong growth and innovation [6] Financial Performance - Operating income for the first quarter was $233.7 million, a 51% increase from $155.2 million a year ago [6] - Non-GAAP operating income was $349.9 million, up 34% from $260.9 million year over year [6] - Net income for the quarter was $228.2 million, a 41% increase compared to $161.7 million in the same period last year [6] - Non-GAAP net income was $327.8 million, reflecting a 33% increase from $247.0 million year over year [6] - Fully diluted net income per share was $1.37, compared to $0.98 a year ago, while non-GAAP fully diluted net income per share was $1.97, up from $1.50 [6] Strategic Initiatives - Veeva AI is set to enhance productivity and automation in the life sciences sector, with its first release planned for December 2025 [6] - The company showcased innovations at the Commercial Summit, including AI Agents aimed at improving operational efficiency [6] - Veeva expanded its commercial data offerings with the launch of Veeva CRM Pulse, enhancing its data cloud capabilities [6] Guidance and Outlook - For the fiscal second quarter ending July 31, 2025, Veeva expects total revenues between $766 million and $769 million [6] - The company anticipates non-GAAP operating income between $335 million and $337 million for the same period [6] - For the fiscal year ending January 31, 2026, Veeva projects total revenues between $3,090 million and $3,100 million [6]