Veeva Q2 FY2022 revenue $455.6M (+29% YoY); GAAP EPS $0.67, non-GAAP $0.94

VEEVA SYSTEMS INC

2022-Q2 EPS reported $1.38 revenue$889,167,000

Total revenues $455.6M (+29% YoY); subscription services $366.4M (+29% YoY).
GAAP net income $108.9M ($0.67 diluted EPS); non-GAAP net income $152.7M ($0.94 diluted EPS).
Non-GAAP operating income $191.6M (+33% YoY); operating margin improvement.
21 new CRM wins; Veeva Link added three enterprise customers including two top 20 pharmas.
Vault Safety and Vault CDMS each secured first top 20 pharma wins in Q2.

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