{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Earnings Debate","title":"Veeva Systems Inc. (VEEV) Announced Q2 2027 Earnings on August 26, 2026, Reporting \"Total revenue in the quarter was $928 million\"","html":"","width":"100%","height":180,"duration":1135,"description":"Veeva Systems Inc. reported fiscal 2027 second quarter financial results, which delivered results ahead of guidance.\nFor the quarter, management stated that \"Total revenue in the quarter was $928 million, with non-GAAP operating income of $416 million.\" Management also highlighted that the quarter represented their best CRM quarter ever. In commercial subscriptions, revenue grew about 13 percent year-over-year, which was in the double digits even when backing out the Crossix business.\nDuring the call, management focused heavily on the rapid acceleration of their artificial intelligence initiatives, particularly with Veeva Falcon.\nDescribed as providing \"agentic labor,\" Veeva Falcon represents a new business model that delivers digital labor rather than traditional software, with interest from customers described as very high.\nManagement also discussed Aspen, a rapid start-up initiative within Veeva targeting horizontal CRM in a new way built on modern technology with simple, predictable pricing of 50 dollars per user per month.\nAdditionally, Vault CRM showed strong performance with over 180 customers live, including major wins like Biogen and Regeneron, as the company prepares for CRM win backs ahead of the end of the 2029 backstop date.In other key business updates, the company highlighted the one-year anniversary of its partnership and settlement with IQVIA, with management expressing high satisfaction with the collaboration's progress. In R&D, management noted a \"changing of the guard\" as they transition from older products like eTMF and CTMS to newer growth areas like EDC and safety applications.\nThe Data Cloud segment added 14 customers, showing steady progress.\nLooking ahead, management raised its fiscal 2027 full-year guidance, noting that all updated expectations have been factored into the full-year targets.\nManagement also reiterated confidence in its long-term trajectory, remaining on track for its 2030 goals.","thumbnail_url":"https://img.transistorcdn.com/xJuh_6koFF8CKKFzV-oIB_PzOA86GyxN802qWUMHjC4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ODli/Mjg2OGQ5YjVkMzU2/Yjg0NzMxNTJiZGRj/NzFjOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}