Veeva reported fiscal Q1 revenues of $882.9M, up 16% year-over-year, with subscription revenues rising 15% to $730.2M and non-GAAP operating income climbing 13% to $395.4M. The company advanced its AI strategy by integrating Ostro across 50 brands, launching Vault AI expansion, and planning Veeva Falcon agent release in November.
Veeva's Q1 revenues reached $882.9 million, a 16% year-over-year increase driven by subscription revenue growth to $730.2 million (up 15%). Operating income rose 17% to $273.1 million, while non-GAAP operating income climbed 13% to $395.4 million; non-GAAP EPS increased to $2.24 from $1.97.
The company advanced its industry AI offerings by integrating Ostro's compliant conversational AI across over 50 brands, preparing Vault AI expansion to all applications in August and planning the Veeva Falcon agentic platform release for early adopters in November.
Veeva added 27 new Vault CRM customers, bringing the live customer count to over 150, and showcased Agentic Commercial features like the Agentic Call Report to enhance commercial evidence generation for biopharma firms.
For fiscal Q2 ending July 31, Veeva forecasts revenues of $902–905 million and non-GAAP operating income of $392–395 million; full-year guidance now targets $3.635–3.645 billion in revenues and approximately $9.05 non-GAAP EPS.
