---
schema_version: "secwatch.filing_event.v1"
accession: "0001393052-23-000048"
form_type: "8-K"
ticker: "VEEV"
cik: "0001393052"
company_name: "VEEVA SYSTEMS INC"
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:51:28.743320+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001393052-23-000048
- form_type: 8-K
- ticker: VEEV
- cik: 0001393052
- company_name: VEEVA SYSTEMS INC
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393052/000139305223000048/0001393052-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393052/000139305223000048/veev-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393052-23-000048
- JSON: https://secwatch.observer/filing/0001393052-23-000048.json
- Plain text: https://secwatch.observer/filing/0001393052-23-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393052/000139305223000048/0001393052-23-000048-index.htm

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