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Jul 31, 2021
Veeva Q2 2022 Earnings Report
Veeva reported a strong Q2 2022 with revenue growth and expansion in key areas.
Key Takeaways
Veeva Systems Inc. announced its second quarter results with total revenues of $455.6 million, up 29% year over year, and subscription services revenues of $366.4 million, also up 29% year over year. The company's operating income increased by 38% year over year, and net income increased by 16% year over year.
Total revenues increased by 29% year over year to $455.6 million.
Subscription services revenues increased by 29% year over year to $366.4 million.
Operating income increased by 38% year over year to $124.6 million.
Veeva CRM had 21 new wins, with most including multiple add-ons.
Forward Guidance
Veeva provided guidance for its fiscal third quarter ending October 31, 2021, with total revenues between $464 and $466 million and non-GAAP fully diluted net income per share between $0.87 and $0.88. For the fiscal year ending January 31, 2022, Veeva expects total revenues between $1,830 and $1,835 million and non-GAAP fully diluted net income per share of approximately $3.57.
Positive Outlook
- Total revenues between $464 and $466 million for Q3 2022.
- Non-GAAP operating income between $179 and $181 million for Q3 2022.
- Non-GAAP fully diluted net income per share between $0.87 and $0.88 for Q3 2022.
- Total revenues between $1,830 and $1,835 million for fiscal year 2022.
- Non-GAAP fully diluted net income per share of approximately $3.57 for fiscal year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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