Veeva's second quarter 2027 revenue and EPS beat expectations behind 16% subscription growth

Veeva Systems reported second quarter results that exceeded analyst targets, characterized by double-digit growth in subscription revenue and significant progress in agentic AI adoption. Management raised its full-year fiscal 2027 outlook across all major financial metrics following record performance from the Vault CRM platform.

Key Highlights

• Total revenue of $928.0 million grew 18% year-over-year, surpassing the consensus estimate of $905.3 million.
• Subscription revenue rose 16% to $766.8 million, supported by more than 180 customers now live on the proprietary Vault CRM platform.
• Non-GAAP diluted EPS reached $2.35, beating expectations of $2.22, while non-GAAP operating income improved 18% to $415.9 million.
• The company secured new commitments from two top 20 biopharmas in August, bringing total top 20 commitments for Vault CRM to 12 globally.