earnings
confidence high
sentiment neutral
materiality 0.70
Veeva Q2 revenue $534.2M (+17% YoY); GAAP net income down 17%, non-GAAP EPS $1.03
VEEVA SYSTEMS INC
2022-Q2 EPS reported
$1.17
revenue$1,039,320,000
- Total revenues $534.2M, subscription rev $428.6M, both up 17% YoY.
- GAAP operating income $101.1M (-19% YoY); non-GAAP op income $202.0M (+5%).
- GAAP net income $90.6M ($0.56 EPS); non-GAAP net income $166.2M ($1.03 EPS).
- Vault Quality milestone: over 500 customers using at least one product; record 52 wins in Q2.
- CFO cites confidence in competitive position and tracking ahead of 2025 targets.