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Veeva Systems Soars 16.64% on Q1 Earnings Beat
Generated by AI AgentAinvest Pre-Market Radar
Thursday, May 29, 2025 4:32 am ET1min read
Veeva Systems' stock surged 16.64% in pre-market trading on May 29, 2025, driven by strong financial performance in the first quarter of the fiscal year 2026.
Veeva Systems reported impressive results for the first quarter of fiscal 2026, with total revenues reaching $759 million, marking a 17% year-over-year increase. Subscription services revenues grew even more robustly, rising 19% year-over-year to $634.8 million. This strong performance was further highlighted by adjusted earnings per share of $1.97, surpassing analyst expectations of $1.74 by $0.23.
The company's achievement of a $3 billion revenue run rate goal in the quarter underscores its continued growth and market leadership in the healthcare software sector. This milestone is a testament to Veeva Systems' strategic initiatives and operational excellence, which have positioned it well for future success.
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