Veeva Systems Inc.'s Stock Analysis

Veeva Systems Announces $2 Billion Share Repurchase Program

Veeva Systems Inc. has authorized a share repurchase program allowing for the purchase of up to $2 billion of its Class A common stock. This program is designed to be flexible, permitting repurchases through various methods including open market purchases and privately negotiated transactions, with management determining the timing and amount based on market conditions and other factors. The program will last for two years and can be suspended or canceled at any time.

The announcement reflects Veeva's confidence in its financial position and operational performance, as stated by Chief Financial Officer Brian Van Wagener. The company emphasizes its commitment to returning capital to shareholders while continuing to invest in growth opportunities within the life sciences sector. Veeva serves a wide range of clients, from large pharmaceutical firms to emerging biotech companies.

Jan 05, 2026 16:04:59

Veeva Systems Appoints New Principal Accounting Officer

On December 10, 2025, Veeva Systems Inc. appointed Vipin Kondath as the company's principal accounting officer, effective December 12, 2025. Kondath has been with Veeva since April 2022, serving as the VP, Corporate Controller, and previously held the position of Senior Director of Revenue Accounting from August 2019 to March 2022. He is a chartered accountant from India and a certified public accountant in California.

There were no changes to Kondath's compensation arrangements following his appointment, and he has entered into Veeva's standard indemnification agreement. Additionally, there are no family relationships between Kondath and any of Veeva's directors or executive officers, nor does he have any material interest in transactions that require disclosure.

Dec 11, 2025 16:04:38

Veeva Systems Reports Q3 2025 Revenue Growth and Profitability

Veeva Systems Inc. announced its fiscal 2026 third quarter results, reporting total revenues of $811.2 million, a 16% increase from $699.2 million in the same quarter last year. Subscription services revenues also rose by 17% year over year, reaching $682.5 million. The company's operating income was $240.9 million, up 33% from the previous year, while net income increased by 27% to $236.2 million. Non-GAAP metrics showed a similar upward trend, with non-GAAP operating income at $364.9 million and non-GAAP net income at $345.1 million, reflecting increases of 20% in both categories compared to the prior year.

In addition to strong financial performance, Veeva highlighted significant advancements in its AI initiatives, particularly with Veeva AI, which aims to enhance productivity in the life sciences sector. The company also reported progress in its Development Cloud, with multiple top biopharma firms selecting its applications as enterprise standards. For the upcoming fourth quarter, Veeva anticipates revenues between $807 and $810 million and projects non-GAAP fully diluted net income per share of approximately $1.92. The full-year revenue guidance has been updated to a range of $3,166 to $3,169 million.

Nov 20, 2025 16:04:34

Veeva Systems Chief Accounting Officer Resigns Effective December 2025

On November 17, 2025, Veeva Systems announced the resignation of Kristine Diamond, the Chief Accounting Officer, effective December 11, 2025. Following her departure, Brian Van Wagener, the Chief Financial Officer, will take over her responsibilities as the principal accounting officer until a new replacement is appointed.

This change in leadership may impact Veeva's financial management and reporting processes. Investors should monitor the company's next steps in appointing a new Chief Accounting Officer and any potential implications for its financial operations.

Nov 18, 2025 16:04:16

Veeva Systems Reports Q2 2026 Financial Results and Guidance

Veeva Systems Inc. announced its financial results for the second quarter of fiscal 2026, reporting total revenues of $789.1 million, a 17% increase from $676.2 million in the same quarter last year. Subscription services revenues also rose by 17% to $659.2 million. The company recorded an operating income of $195.9 million, up 18% year over year, while net income reached $200.3 million, representing a 17% increase. Non-GAAP operating income and net income were $352.6 million and $333.4 million, respectively, marking increases of 26% and 25% year over year. Fully diluted net income per share was reported at $1.19, compared to $1.04 a year prior, with non-GAAP net income per share at $1.99, up from $1.62.

In addition to its financial performance, Veeva highlighted significant advancements in its AI capabilities and the successful implementation of its Vault CRM Suite among major biopharma clients. The company established a long-term partnership with IQVIA, enhancing its service offerings in the life sciences sector. For the upcoming fiscal third quarter, Veeva expects total revenues between $790 million and $793 million, with non-GAAP operating income projected between $348 million and $350 million. The company also updated its guidance for the fiscal year, anticipating total revenues of approximately $3,134 million to $3,140 million and a non-GAAP fully diluted net income per share of around $7.78.

Aug 27, 2025 16:05:02

Veeva Systems Settles Litigation with IQVIA, Forms Partnerships

Veeva Systems has entered into a settlement agreement with IQVIA, resolving all ongoing litigations since 2017. The agreement stipulates that neither party will pay damages, and all claims and counterclaims will be dismissed. As part of the settlement, Veeva will make a one-time payment of approximately $31 million to law firms involved in the litigation.

Additionally, Veeva and IQVIA have established long-term partnerships to enhance clinical and commercial efficiency for their mutual customers. These partnerships facilitate access to each other's data and software, allowing for improved integration of services. Customers will benefit from streamlined processes and enhanced capabilities in clinical trials and commercial operations, leveraging both companies' technologies and expertise.

Aug 18, 2025 09:06:47

Veeva Reports 17% Revenue Growth in Q1 Fiscal 2026

Veeva Systems Inc. announced its financial results for the first quarter of Fiscal 2026, reporting total revenues of $759.0 million, which represents a 17% increase compared to the same period last year. Subscription services revenues also increased by 19% year over year, reaching $634.8 million. The company achieved a significant milestone by surpassing its 2025 revenue run rate goal of $3 billion, reflecting ongoing growth and innovation in its offerings for the life sciences industry.

The company reported an operating income of $233.7 million, a 51% increase from the previous year, and a net income of $228.2 million, up 41% year over year. Non-GAAP operating income and net income also saw substantial increases, with figures of $349.9 million and $327.8 million, respectively. Veeva provided guidance for the second quarter of Fiscal 2026, projecting total revenues between $766 million and $769 million, with non-GAAP net income per share expected to be between $1.89 and $1.90.

May 28, 2025 16:04:36

Veeva Reports 16% Revenue Growth for Fiscal Year 2025

Veeva Systems Inc. announced its financial results for the fourth quarter and fiscal year 2025, highlighting a total revenue increase of 16% year over year, reaching $2,746.6 million. The company also reported a 20% rise in subscription services revenues, totaling $2,284.7 million for the fiscal year. Operating income for the year grew by 61% to $691.4 million, while net income increased by 36% to $714.1 million, leading to a rise in net income per share to $4.32 from $3.22 in the previous year. Additionally, the company noted a total customer count of 1,477, with significant expansions in its product offerings across various customer segments.

On the negative side, Veeva mentioned a change in customer contracting that affected the timing of revenue recognition, resulting in reduced revenues and operating income for the prior fiscal year. The company also faced challenges related to stock-based compensation expenses, which are excluded from its non-GAAP financial metrics. Furthermore, there were fluctuations in cash flows from investing activities, as net cash used in this area increased compared to the previous year, reflecting a strategic focus on managing investments while navigating changes in the market.

Mar 05, 2025 16:05:32

Veeva Reports $699.2 Million in Q3 Total Revenues

Veeva Systems Inc. announced total revenues of $699.2 million for the third quarter of fiscal 2025, marking a 13% increase from the previous year. Subscription services revenues also saw a notable rise of 17%, reaching $580.9 million. The company reported a significant increase in operating income, which rose to $181.4 million, a 41% year-over-year growth, and net income of $185.8 million, up 37% from the same quarter last year. The CEO highlighted the successful execution of strategic relationships and upcoming product innovations as key achievements this quarter.

On the downside, the press release noted a change in customer contracting that impacted revenue recognition timing, leading to reduced revenues and operating income in the previous fiscal quarter. Additionally, there are ongoing challenges in the industry, including competitive pressures and macroeconomic factors that could affect future performance. Despite these challenges, Veeva's management emphasized their commitment to innovation and customer success as vital to maintaining growth.

Dec 05, 2024 16:11:31

Veeva Systems Q3'25 Revenue Guidance of $682-685 Million

Veeva Systems has provided guidance for Q3'25, projecting total revenue between $682 million and $685 million, with subscription revenue expected to be around $571 million. The company also anticipates non-GAAP operating income in the range of $273 million to $275 million, and non-GAAP fully diluted net income per share between $1.57 and $1.58. Additionally, normalized billings are estimated to be approximately $449 million, benefiting from a $10 million boost due to billing term changes in customer renewals.

However, Veeva Systems acknowledges several risks that could impact its financial performance, including potential issues with product performance, competitive pressures, and external economic factors such as inflation and geopolitical events. The company has indicated that it cannot currently provide GAAP targets for operating income and fully diluted net income per share for Q3'25 due to the unpredictability of certain excluded items, which may significantly affect the financial results.

Nov 07, 2024 20:05:37