Veeva Systems (VEEV) Stock Soars 20% on Best Vault CRM Quarter on Record
TLDR
- Veeva Systems surged 20% to $294.54, on pace for its best ever daily percentage gain
- Q2 FY2027 revenue hit $928 million, up 18% year-over-year, beating the $905 million consensus
- Adjusted EPS of $2.35 topped the $2.22 estimate; full-year EPS guidance raised to $9.21
- Subscription revenue grew 16% to $766.8 million; non-GAAP operating margins held above 44%
- Eli Lilly and Biogen joined Vault CRM, bringing top-20 biopharma clients on the platform to 12
Veeva Systems posted its best-ever single-day gain on Thursday, with the stock jumping 20% to $294.54. The move came after the life sciences cloud software company delivered a clean beat across every key metric in its fiscal second quarter of 2027.
Revenue came in at $928 million, up 18% year-over-year and ahead of the $905 million Wall Street had penciled in. Adjusted EPS of $2.35 beat the $2.22 consensus estimate.
Management raised full-year FY2027 revenue guidance to $3.68-$3.69 billion, above the prior analyst consensus of roughly $3.65 billion. Full-year adjusted EPS guidance was lifted to $9.21 from $9.05.
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