Veeva Q2 FY24: Rev $590.2M (+10% YoY), GAAP EPS $0.68, non-GAAP EPS $1.21

VEEVA SYSTEMS INC

2024-Q2 EPS reported $1.49 revenue$1,116,550,000

Total revenues $590.2M, up 10% YoY; subscription services revenues $470.6M, up 10% YoY.
GAAP net income $111.6M ($0.68 diluted EPS); non-GAAP net income $198.0M ($1.21 diluted EPS).
Non-GAAP operating income $211.9M, up 5% YoY; operating margin expanded.
Customer TFC right standardization reduced revenue and profit in Q2; all guided metrics were exceeded.
CEO cites progress in CRM and clinical; CFO highlights strong execution and operating model.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VEEVA SYSTEMS INC reported second quarter ended July 31, 2023 results: revenue $590.2 million, net income $111.6 million, EPS $0.68.

Period: second quarter ended July 31, 2023
Revenue: $590.2 million
Net income: $111.6 million
EPS: $0.68
Result: reported results

Exact text from the filing

the Veeva team for your continued focus on customer success and product excellence.” Fiscal 2024 Second Quarter Results: • Revenues : Total revenues for the second quarter were $590.2 million, up from $534.2 million one year ago, an increase of 10% year over year. Subscription services revenues for the second quarter were $470.6 million, up from $428.6 million one

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Source: SEC EDGAR

accession 0001393052-23-000048

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