Summary by Moomoo AI
Veeva Systems delivered strong Q3 FY2025 results with total revenues reaching $699.2M, up 13% YoY, driven by subscription services revenue growth of 17% to $580.9M. Operating income increased 41% to $181.4M, while non-GAAP operating income rose 30% to $304.0M. Net income grew 37% to $185.8M, with non-GAAP net income up 32% to $288.3M.The company made significant progress in CRM innovation, with over 30 customers now live on Vault CRM and seven migrations from Veeva CRM to Vault CRM on track for completion by year-end. A fourth top 20 biopharma committed to Vault CRM in November. Additionally, Veeva announced three new AI innovations planned for late 2025, including CRM Bot, Voice Control, and MLR Bot.For Q4 FY2025, Veeva expects revenues between $696-699M and non-GAAP operating income of about $275M. The company updated its FY2025 guidance, projecting total revenues of $2,722-2,725M and non-GAAP operating income of approximately $1,120M.
