Strong Quarterly and Annual Financial Performance
Fourth quarter total revenue was $721 million with non-GAAP operating income of $308 million. For the full year, total revenue reached $2.75 billion with non-GAAP operating income of $1.15 billion.
Top 20 Customer Win in Clinical
Veeva secured a significant deal with a top 20 pharmaceutical company for a full clinical platform. This reflects a strategic consolidation trend among large pharma companies.
Expansion and Innovation in AI Strategy
Significant progress made on AI strategy with new product launches including CRM Voice Control, CRM Bot, and MLR Bot. Veeva is focusing on AI solutions with a centralized group for development.
Momentum in Data Cloud and Compass
Increased interest in Data Cloud, including Compass, OpenData, Link, and the new Pulse product. Plans to expand offerings and customer base, with initiatives to serve smaller companies.
Record Operating Margin Guidance
Full-year margin guide at the highest level ever, driven by efficiency and scale across product and sales teams.