Summary by Moomoo AI
Veeva Systems delivered robust financial results for fiscal year 2025, with total revenues increasing 16% to $2.75 billion and subscription services revenues growing 20% to $2.28 billion. R&D Solutions led growth with a $274 million increase in subscription revenues, while Commercial Solutions added $109 million. Net income rose 36% to $714 million.The company maintained strong profitability with a gross margin of 75% and operating income of $691 million. Cash flow from operations grew to $1.09 billion, and the company ended the year with $5.2 billion in cash and investments. R&D Solutions now represents 52% of subscription revenues, surpassing Commercial Solutions at 48%, reflecting the company's successful expansion in product development and quality management solutions.Management highlighted the ongoing migration of CRM customers to their Vault platform, with support for the current Salesforce-based Veeva CRM continuing through September 2030. The company's global presence strengthened with 59% of subscription revenues from North America, 28% from Europe, and 13% from other regions, primarily Asia Pacific. Looking ahead, Veeva expects continued growth driven by R&D Solutions and maintains a strong focus on customer success and innovation.
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