Veeva Systems Inc. announced its fiscal 2026 second quarter results, showcasing a 17% year-over-year increase in total revenues to $789.1 million.
The company's subscription services revenues also grew by 17% year over year to reach $659.2 million.
Veeva's CEO, Peter Gassner, expressed excitement about the impact of Veeva AI and Veeva Data Cloud in driving transformational change in the life sciences sector.
Strong Financial Performance
Total revenues for the second quarter reached $789.1 million, representing a 17% year-over-year increase.
Operational Growth
Operating income for the quarter was $195.9 million, showing an 18% year-over-year increase.
Expanding Services
Non-GAAP operating income rose to $352.6 million, marking a 26% increase from the previous year.
Profitability
Net income for the quarter was $200.3 million, with a 17% year-over-year growth.
Continued Success
Non-GAAP net income reached $333.4 million, reflecting a 25% increase compared to the same period last year.
- Veeva showcased strength across various metrics, surpassing its own guidance and demonstrating consistent execution and customer focus.
- The company's innovative solutions, including Veeva AI and Veeva Data Cloud, are driving notable value for customers in the life sciences industry.
- Veeva's strategic partnerships and industry-specific AI applications position it as a foundation for drug development and quality in the market.
Veeva Systems Inc.'s robust performance in the second quarter, driven by revenue growth and operational strength, demonstrates its continued momentum in the industry. The company's focus on innovative solutions and strategic partnerships underpins its long-term growth potential.