Veeva Systems Inc. (NYSE:VEEV) posted better-than-expected second-quarter results after Wednesday’s closing bell.
Veeva Systems reported quarterly earnings of $2.35 per share, which beat the consensus estimate of $2.22 by 5.86%, according to Benzinga Pro data. Quarterly revenue clocked in at $927.96 million, which beat the Street estimate of $905.28 million.
CEO Peter Gassner said, "Vault CRM had its best quarter ever and Veeva Falcon accelerated rapidly. By bringing together deep industry applications, agents, data, and consulting, we are helping the industry drive new efficiencies from clinical to commercial and deliver better outcomes for patients."
Veeva Systems raised its fiscal 2027 adjusted EPS guidance from $9.05 to $9.21, versus the $9.06 analyst estimate, and raised its revenue outlook to between $3.682 billion and $3.687 billion, versus the $3.65 billion estimate.
Veeva shares jumped 11.5% to $273.00 in pre-market trading.
