secwatch.observer — SEC 8-K summary
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Issuer:     VEEVA SYSTEMS INC (VEEV)
CIK:        0001393052
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001393052-22-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veeva Q2 revenue $534.2M (+17% YoY); GAAP net income down 17%, non-GAAP EPS $1.03
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000033/0001393052-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000033/veev-20220831.htm
  HTML page:      https://secwatch.observer/filing/0001393052-22-000033

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