Veeva Exceeds Expectations – AI Offensive Drives Revenue and Profit!
Reading Time: 3 minutes
The cloud company Veeva Systems, specialized in the pharmaceutical industry, beats expectations in the second quarter and raises its annual forecast. Key drivers are the strong CRM business and the rapid expansion of AI products – the stock surges significantly in after-hours trading. Results Exceed Forecasts In the second quarter of the fiscal year 2027, Veeva Systems increased total revenue by 18% to $928.0 million, surpassing analyst estimates of about $905 million. Subscription revenues, the core of the business, grew by 16% to $766.8 million....
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