Veeva Systems releases transcript of FY2027 Q1 earnings call

Veeva Systems

Veeva Systems

VEEV

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  • Veeva released prepared remarks from its fiscal 2027 first-quarter results call attended by Founder and CEO Peter Gassner, CFO Brian Van Wagener.
  • Revenue rose 16% to USD 883 million; non-GAAP operating income reached USD 395 million for a 45% margin; non-GAAP EPS was USD 2.24.
  • Ostro acquisition closed in March; management flagged growing revenue and pipeline, calling it a potential major Commercial Cloud revenue driver.
  • Full-year revenue outlook lifted to USD 3.635-3.645 billion; subscription revenue seen near USD 3.06 billion; non-GAAP operating income near USD 1.61 billion.
  • Q2 revenue forecast set at USD 902-905 million; non-GAAP EPS guided to USD 2.21-2.22; buybacks totaled USD 221 million for 1,300,000 shares.


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