8-K
filed March 1, 2023, 6:59 PM ET
ticker VEEV
CIK 0001393052
earnings
confidence high
sentiment positive
materiality 0.65
Veeva Q4 revenue up 16% to $563.4M; net income up 94% to $188.5M
VEEVA SYSTEMS INC
2023-FY EPS reported
$3.00
revenue$2,155,060,000
- Q4 total revenues $563.4M, up 16% YoY; subscription revenues $460.2M, up 16%.
- Q4 GAAP operating income $108.9M, down 9% YoY; non-GAAP operating income $209.4M, up 12%.
- Q4 GAAP net income $188.5M, up 94% YoY; non-GAAP net income $186.3M, up 27%.
- FY2023 total revenues $2,155.1M, up 16% YoY; subscription revenues $1,733.0M, up 17%.
- FY2023 GAAP operating income $459.1M, down 9% YoY; non-GAAP operating income $830.5M, up 9%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
VEEVA SYSTEMS INC reported the fourth quarter ended January 31, 2023 results: revenue $563.4 million, net income $188.5 million, EPS $1.16 per diluted share.
- Period
- the fourth quarter ended January 31, 2023
- Revenue
- $563.4 million
- Net income
- $188.5 million
- EPS
- $1.16 per diluted share
- Result
- reported results
Exact text from the filing
• Revenues : Total revenues for the fourth quarter were $563.4 million, up from $485.5 million one year ago, an increase of 16% year over year. Subscription services revenues for the fourth quarter were $460.2 million, up from $395.7 million one year ago, an increase of 16% year over year. • Operating Income and Non-GAAP Operating Income (1) : Fourth quarter operating income was $108.9 million, compared to $119.7 million one year ago, a decrease of 9% year over year. Non-GAAP operating income for the fourth quarter was $209.4 million, compared to $186.3 million one year ago, an increase of 12% year over year. • Net Income and Non-GAAP Net Income (1) : Fourth quarter net income was $188.5 million, compared to $97.1 million one year ago, an increase of 94% year over year. Non-GAAP net income for the fourth quarter was $186.3 million, compared to $147.0 million one year ago, an increase of 27% year over year. • Net Income per Share and Non-GAAP Net Income per Share (1) : For the fourth qu
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
VEEVA SYSTEMS INC reported the fiscal year ended January 31, 2023 results: revenue $2,155.1 million.
- Period
- the fiscal year ended January 31, 2023
- Revenue
- $2,155.1 million
- Result
- reported results
Exact text from the filing
Total revenues for the fiscal year ended January 31, 2023 were $2,155.1 million, up from $1,850.8 million one year ago, an increase of 16% year over year.
View on SEC.gov
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