---
schema_version: "secwatch.filing_event.v1"
accession: "0001393052-22-000045"
form_type: "8-K"
ticker: "VEEV"
cik: "0001393052"
company_name: "VEEVA SYSTEMS INC"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:46:19.974335+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Veeva Q3 FY2023 rev $552.4M +16%; EPS $0.67 GAAP, $1.13 non-GAAP; 10-year Merck partnership

## Summary
- Total revenues $552.4M (+16% YoY); subscription services $441.6M (+16% YoY).
- GAAP net income $108.5M ($0.67 diluted EPS); non-GAAP net income $183.2M ($1.13 diluted EPS).
- Non-GAAP operating income $219.5M (+10% YoY); GAAP operating income $121.4M (-9% YoY).
- Signed 10-year strategic partnership with Merck (MSD); Merck adopts Veeva-first approach for new software and data.
- CFO says results above guidance; CEO says tracking a year ahead of 2025 targets.

## SEC filing metadata
- accession: 0001393052-22-000045
- form_type: 8-K
- ticker: VEEV
- cik: 0001393052
- company_name: VEEVA SYSTEMS INC
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393052/000139305222000045/0001393052-22-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393052/000139305222000045/veev-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393052-22-000045
- JSON: https://secwatch.observer/filing/0001393052-22-000045.json
- Plain text: https://secwatch.observer/filing/0001393052-22-000045.txt

## Key facts
- Earnings Releases
  VEEVA SYSTEMS INC reported third quarter ended October 31, 2022 results: revenue $552.4 million, net income $108.5 million, EPS $0.67.
  - Period: third quarter ended October 31, 2022
  - Revenue: $552.4 million
  - Net income: $108.5 million
  - EPS: $0.67
  - Result: reported results
  source text: Fiscal 2023 Third Quarter Results: • Revenues : Total revenues for the third quarter were $552.4 million, up from $476.1 million one year ago, an increase of 16% year over year. Subscription services revenues for the third quarter were $441.6 million, up from $380.7 million one year ago, an increase of 16% year over year. • Operating Income and Non-GAAP Operating Income (1) : Third quarter operating income was $121.4 million, compared to $132.7 million one year ago, a decrease of 9% year over year. Non-GAAP operating income for the third quarter was $219.5 million, compared to $199.4 million one year ago, an increase of 10% year over year. • Net Income and Non-GAAP Net Income (1) : Third quarter net income was $108.5 million, compared to $105.9 million one year ago, an increase of 2% year over year. Non-GAAP net income for the third quarter was $183.2 million, compared to $158.2 million one year ago, an increase of 16% year over year. • Net Income per Share and Non-GAAP Net Income per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393052/000139305222000045/0001393052-22-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.