Veeva Systems Inc. released its fiscal 2026 third quarter results, showing significant growth in total revenues and subscription services revenues.
The company's CEO, Peter Gassner, highlighted the advancements in Veeva AI and its impact on the life sciences industry.
Veeva AI projects have demonstrated the value of industry-specific AI agents within Veeva applications.
Total Revenues Increase
Total revenues for the third quarter were $811.2 million, marking a 16% year-over-year increase.
Subscription Services Growth
Subscription services revenues reached $682.5 million, reflecting a 17% year-over-year growth.
Operating Income Rise
Operating income for the third quarter rose to $240.9 million, showing a 33% year-over-year increase.
Net Income Growth
Net income for the third quarter increased to $236.2 million, a 27% year-over-year growth.
Veeva AI Progress
Veeva AI continues to advance rapidly, with industry-specific AI agents set to transform productivity and execution in the life sciences field.
- Veeva AI is reaching key milestones and aims to revolutionize productivity in the life sciences industry.
- Veeva's success in CRM and customer additions reinforce its position as a leader in the market.
- The development of Veeva Development Cloud presents a significant opportunity to transform research and development processes in life sciences.
Veeva Systems Inc. demonstrates strong performance in the third quarter of fiscal 2026, with notable revenue growth and advancements in AI technology. The company's strategic focus on industry-specific AI agents and expanding customer base positions it for continued success in the life sciences sector.