Veeva Systems Delivers Strong Q3 Performance with $699 Million in Revenue and Sets Sights on 2030 Goals
San Carlos, CA - Veeva Systems, a leading provider of cloud-based software solutions for the life sciences industry, has announced its fiscal 2025 third quarter results, exceeding expectations with total revenue of $699 million and non-GAAP operating income of $304 million. The company's strong performance is attributed to its continued innovation and execution across all areas of Development Cloud, as well as significant milestones achieved in Commercial.
In a recent conference call, Peter Gassner, Chief Executive Officer of Veeva Systems, highlighted the company's commitment to delivering value to customers through continuous innovation. "We've delivered financial results above our guidance," he said. "It was a really great quarter of execution by the Veeva team."
One of the key areas of focus for Veeva Systems has been its Commercial Cloud, which includes Vault CRM. The company has seen significant progress on this product, with many customers migrating to it from other competitors. Peter Gassner noted that one of the benefits of using Vault CRM is access to continuous innovation and features, as well as a platform for customer centricity that can span sales, medical, marketing, and service.
Vault CRM offers a single view of records, allowing companies to be more efficient with their customers while also being more respectful. This is particularly important for smaller biotechs, which may have fewer employees and are often quicker to adapt to new technologies. Larger biopharma companies, on the other hand, may take longer to adopt changes due to their larger scale.
The company's focus on innovation and customer value has set it apart in the life sciences industry. With a clear vision for its 2030 goals, Veeva Systems is well-positioned to continue delivering strong results and driving growth in the years to come.
