Veeva Q2 Beats on Vault CRM Expansion, Raises Full-Year Outlook
VEEV sits 65% above its 52-week low of $148.05.
Summary
Veeva Systems reported fiscal Q2 revenue of $927.96M, up 18% year over year and beating consensus by $22.7M. Adjusted EPS of $2.35 topped estimates by $0.13. The company guided Q3 revenue to $932M-$935M and full-year revenue to $3,682M-$3,687M, both above prior expectations. Vault CRM had its best quarter ever, with new wins among top 20 biopharma companies, and the company highlighted AI milestones for Vault AI and Falcon. This follows the Q1 beat and raised guidance in June, confirming sustained momentum. The stock trades at 26x forward earnings, up from 17x three months ago, reflecting elevated expectations that these results validate.
At the time of this announcement, VEEV was trading at $244.07 on NYSE in the Technology sector, with a market capitalization of approximately $40.1B. The 52-week trading range was $148.05 to $310.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.