Veeva Q1 2025 Earnings Report
Key Takeaways
Veeva announced strong first-quarter results for fiscal year 2025, with total revenues of $650.3 million, up 24% year-over-year, and subscription services revenues of $534.0 million, up 29% year-over-year. The company's net income increased by 23% to $161.7 million, and non-GAAP net income increased by 67% to $247.0 million.
Total revenues reached $650.3 million, a 24% increase year-over-year.
Subscription services revenues grew by 29% year-over-year, totaling $534.0 million.
Operating income saw a significant increase of 152% year-over-year, reaching $155.2 million.
Net income increased by 23% year-over-year, amounting to $161.7 million.
Veeva
Veeva
Forward Guidance
Veeva provided guidance for its fiscal second quarter ending July 31, 2024, with total revenues between $666 and $669 million and non-GAAP fully diluted net income per share between $1.53 and $1.54. The company updated its fiscal year ending January 31, 2025, guidance with total revenues between $2,700 and $2,710 million and non-GAAP fully diluted net income per share of approximately $6.16.
Positive Outlook
- Total revenues are expected to be between $666 and $669 million for the second quarter.
- Non-GAAP operating income is projected to be between $265 and $267 million for the second quarter.
- Non-GAAP fully diluted net income per share is anticipated to be between $1.53 and $1.54 for the second quarter.
- Total revenues are projected to be between $2,700 and $2,710 million for the full fiscal year.
- Non-GAAP operating income is expected to be approximately $1,070 million for the full fiscal year.