Veeva Systems Inc. reported its fourth-quarter earnings, surpassing analyst expectations with a revenue of $720.9 million, marking a 14% increase year over year. The company's adjusted earnings per share reached $1.74, beating estimates by $0.16 and showing a 26% rise from the previous year. For the full fiscal year, Veeva's revenue totaled $2.75 billion, a 16% increase from the prior year. The company's performance was highlighted by strong growth in subscription services, which grew by 17% year over year, and an acceleration in the adoption of Vault CRM, driven by AI innovations planned for the future. Veeva's CEO described the quarter as outstanding, and the CFO noted that the company closed the year with results ahead of guidance across all metrics. Additionally, the company reported a 39% increase in operating income, with commercial subscription revenue up by 12% and R&D subscription revenue up by 21%. Following the earnings release, Veeva's stock surged by 8% in after-hours trading, reflecting investor confidence in the company's performance and future guidance. The GAAP earnings per share for the quarter were $1.18.