Veeva(US:VEEV)2025-08-27 21:00Financial Performance & Growth (FY2025 & FY2026 Guidance) - Total revenue for FY2025 reached $2.747 billion, with a year-over-year growth of 16%[8] - The company projects total revenue for FY2026 to be between $3.134 billion and $3.140 billion, indicating an anticipated growth of approximately 14%[8, 28] - Subscription revenue for FY2026 is guided at approximately $2.657 billion[28] - Non-GAAP operating income for FY2026 is projected to be around $1.388 billion, with a margin of approximately 44%[14, 28] - Normalized billings for FY2026 are expected to be approximately $3.355 billion, representing a year-over-year growth of about 13%[20, 28] - Non-GAAP cash from operations for FY2026 is guided at approximately $1.330 billion[24, 28] Q2'26 Results & Q3'26 Guidance - Total revenue for Q2'26 was $789.1 million, a 17% increase year-over-year[37] - Subscription revenue for Q2'26 was $659.2 million, reflecting a 17% year-over-year growth[37] - The company anticipates total revenue for Q3'26 to be between $790 million and $793 million[31] - Subscription revenue for Q3'26 is projected to be approximately $671 million[31] - Non-GAAP operating income for Q3'26 is expected to be between $348 million and $350 million[31] Additional Considerations - The company standardized termination for convenience (TFC) rights in customer contracts, which had a one-time impact on revenue and operating income in FY2024, but no impact after FY2025[48, 51]