Veeva Systems reported Q1 adjusted EPS of $2.24 versus estimates of $2.14 and revenue of $882.9M against $857.75M forecasts, rising 16% year-on-year. The company raised Q2 revenue guidance to $902M–$905M and fiscal 2027 revenue forecast to $3.635B–$3.645B, with EPS guidance above expectations.
Veeva Systems posted Q1 adjusted EPS of $2.24 versus $2.14 estimates and reported revenue of $882.9 million compared to forecasts of $857.75 million, marking 16% year-on-year growth. Adjusted operating income rose 13% to $395.4 million and adjusted net income increased to $371.1 million from $327.8 million a year earlier.
The company issued Q2 revenue guidance of $902 million to $905 million and adjusted EPS guidance of $2.21 to $2.22, both above market expectations. For fiscal 2027, Veeva forecasted revenue between $3.635 billion and $3.645 billion and EPS of $9.05, exceeding consensus estimates.
Subscription services revenue climbed 15% to $730.2 million while professional services and other revenue rose to $152.8 million from $124.3 million. The Vault CRM platform added 27 new customers during the quarter, bringing live users to more than 150 organizations and highlighting growing AI initiative adoption.
Shares declined roughly 5% in premarket trading despite the upbeat report as investors weighed the pace of future growth. Analysts noted guidance implies a deceleration to about 12.5% growth in the second half, though they project ultimate growth above 13.5%.
