Recent Updates — VEEV
Veeva Systems reported fiscal 2027 second quarter results ending July 31, 2026, with total revenues reaching $928.0 million, an 18% increase year over year from $789.1 million. Subscription revenues grew 16% to $766.8 million. GAAP net income was $273.4 million ($1.66 per diluted share), compared to $200.3 million ($1.19) in the prior year period. The company provided updated full-year fiscal 2027 guidance, projecting total revenues between $3,682 and $3,687 million and non-GAAP net income per share of approximately $9.21. Veeva operates in the life sciences industry, providing cloud-based software solutions for pharmaceutical and biotechnology companies.
Veeva Systems Inc. announced the resignation of Thomas D. Schwenger as President and Chief Customer Officer, effective October 2, 2026, to assume a CEO role at a long-standing partner company. Dan Rizzo has been appointed as EVP, Sales, Consulting, and Services, also effective October 2, 2026. Mr. Schwenger served with the company since September 2019. Veeva Systems Inc. operates in the software industry, providing cloud-based information management solutions for the life sciences sector.
At its Annual Meeting on June 17, 2026, Veeva Systems Inc. shareholders elected nine director nominees to serve until the 2027 annual meeting. Nominees included Tim Cabral, Mark Carges, Peter P. Gassner, Mary Lynne Hedley, Priscilla Hung, Marshall Mohr, Gordon Ritter, Paul Sekhri, and Matthew J. Wallach. Additionally, shareholders ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending January 31, 2027. Veeva Systems Inc. provides cloud-based software solutions for the life sciences industry.