On August 27, Veeva rose 5.64% in after-hours trading, trading at $258.46/share, with turnover of $9.93 million.
The company reported fiscal Q2 adjusted EPS of $2.35, beating the consensus estimate of $2.22 by 5.86% and representing an 18.09% year-over-year increase. Revenue came in at $927.96 million, surpassing the $905.28 million estimate. Additionally, Veeva raised its full-year fiscal 2027 adjusted EPS guidance to approximately $9.21, above the FactSet estimate of $9.06, reflecting continued confidence in growth momentum.
The strong results come amid accelerating Vault CRM adoption among top pharmaceutical companies. Biogen, Regeneron, and Eli Lilly have all committed to deploying the platform globally, bringing Veeva's commitments to 13 of the top 20 pharma companies versus six for Salesforce. Prior to the earnings release, Guggenheim and Stifel raised their price targets to $276 and $275 respectively, both maintaining Buy ratings.
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