secwatch.observer — SEC 8-K summary
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Issuer:     VEEVA SYSTEMS INC (VEEV)
CIK:        0001393052
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001393052-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veeva Q1 revenue $505.1M (+16% YoY); non-GAAP EPS $0.99 vs $0.91
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- Total revenues $505.1M, up 16% YoY; subscription services $402.6M, up 18% YoY.
- GAAP net income $100.1M ($0.62 diluted EPS); non-GAAP net income $159.8M ($0.99 EPS).
- Crossed $2B annual revenue run rate; non-GAAP operating income up 10% YoY to $199.6M.
- Top 20 pharma adopted 12 Development Cloud products; >350 customers have 2+ apps.
- Management cites 15% penetration in $7B R&D TAM, sees long growth runway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000022/0001393052-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000022/veev-20220601.htm
  HTML page:      https://secwatch.observer/filing/0001393052-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer