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.
linkAug 18, 2025 09:06:47
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.
linkMay 28, 2025 16:04:36
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.
linkMar 05, 2025 16:05:32
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.
linkDec 05, 2024 16:11:31
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.
linkNov 07, 2024 20:05:37
Veeva Systems has announced impressive financial results for the second quarter of fiscal 2025, with total revenues reaching $676.2 million, marking a 15% increase compared to the same period last year. Subscription services revenues also saw significant growth, up 19% year over year to $561.3 million. The company reported a substantial rise in net income, which climbed 53% to $171 million. This strong performance is attributed to successful product advancements and strategic customer wins, positioning Veeva favorably for future growth opportunities.
Additionally, Veeva's operating income surged by 60% to $166.5 million, indicating effective management and operational efficiency. The release of new products like the Vault CRM Service Center and innovations in the Veeva Clinical Platform are expected to enhance the company's market position further. However, the press release did not detail any significant challenges or setbacks, suggesting a positive outlook for Veeva as it continues to focus on innovation and customer success in the life sciences sector.
linkAug 28, 2024 16:04:57
Veeva Systems Inc. announces a 24% increase in total revenues and a 29% rise in subscription services revenues for the first quarter of fiscal 2025. Operating income surged by 152%, and non-GAAP net income saw a 67% boost year over year. The company highlights significant wins in its Development Cloud applications and the availability of Vault Basics for emerging biotechs. Veeva projects continued growth for the fiscal year, with total revenues estimated between $2,700 and $2,710 million and a strong focus on customer success and product excellence.
linkMay 30, 2024 16:12:59
Veeva appointed E. Nitsa Zuppas as President and Chief of Staff, and Stacey Epstein as Chief Marketing Officer. Alan Mateo will retire as Executive VP, Global Sales. Tom Schwenger will become Chief Customer Officer. Veeva restated its financial guidance for upcoming quarters and years. The company highlighted potential risks to its financial performance in the future, including product issues, competition, industry events, and geopolitical factors.
linkApr 01, 2024 16:05:28
Veeva's Q4 and FY 2024 revenues grew by 12% and 10% respectively. The company introduced new data products and clinical platforms, expanding its customer base. Despite a decrease in net income, Veeva projects positive growth for the upcoming fiscal year. The company's strategic partnerships and innovation drive its profitability and industry leadership.
linkFeb 29, 2024 16:05:55
Veeva Systems Inc. reported a 12% year-over-year increase in total revenues, reaching $616.5 million, and a 12% increase in subscription services revenues. The company's net income saw a 25% year-over-year increase. Veeva highlighted new innovations and significant milestones in commercial cloud, data cloud, and development cloud. The financial outlook for the fiscal fourth quarter and fiscal years 2024 and 2025 shows projected growth in revenues and non-GAAP operating income. Veeva is committed to long-term growth and profitability.
linkDec 06, 2023 16:05:05