Veeva Systems Inc

Latest Results (17.07.2026):

Veeva Systems Inc.'s fiscal 2027 first quarter (ended April 30, 2026) delivered solid top-line growth and strong profitability: total revenues were $882.9 million, up 16% year‑over‑year, driven by subscription revenues of $730.2 million (up 15% y/y). The company reported GAAP net income of $260.9 million (diluted EPS $1.57) and non‑GAAP net income of $371.1 million (non‑GAAP diluted EPS $2.24), and raised its fiscal 2027 outlook.

Revenue and growth

Total revenues: $882.9M (+16% y/y). Subscription revenues: $730.2M (+15% y/y). Subscription remains the primary driver (Veeva Commercial and R&D/Quality Solutions split noted in the filing).

Profitability and margins

GAAP operating income: $273.1M (+17% y/y); GAAP operating margin 30.9%. Non‑GAAP operating income: $395.4M (+13% y/y) with a non‑GAAP operating margin of 44.8%. GAAP net income: $260.9M (+14% y/y); non‑GAAP net income: $371.1M (+13%).

Earnings per share

GAAP diluted EPS: $1.57 (vs. $1.37 a year ago). Non‑GAAP diluted EPS: $2.24 (vs. $1.97 a year ago).

Cash, balance sheet and cash flow

Cash and short‑term investments totaled about $7.3 billion (cash $1.90B; short‑term investments $5.42B). Net cash provided by operating activities was $1.127 billion for the quarter. Deferred revenue was $1.4765 billion.

Capital allocation and M&A

The company repurchased $226.9M of stock in the quarter and recorded $75.5M of cash used for acquisitions (Ostro acquisition noted). Stock‑based compensation expense was $119.3M for the quarter (disclosed in the filing and excluded from non‑GAAP measures).

Product and strategic highlights

Veeva emphasized rapid progress in industry AI: Ostro (acquired in March) is delivering conversational AI for >50 brands; Vault AI rollout across Vault apps expected in August; Veeva Falcon (agentic platform) planned for early adopter release in November. Commercial traction: 27 new Vault CRM customers added in the quarter, with >150 customers live.

Guidance

Q2 FY2027 guidance (ending July 31, 2026): total revenues $902–905M; non‑GAAP operating income $392–395M; non‑GAAP diluted EPS $2.21–2.22. FY2027 updated guidance: total revenues $3,635–3,645M; non‑GAAP operating income ~ $1,610M; non‑GAAP diluted EPS ~ $9.05. (GAAP operating income and EPS targets not provided.)