{"schema_version":"secwatch.filing_event.v1","accession":"0001393052-23-000057","form_type":"8-K","ticker":"VEEV","cik":"0001393052","company_name":"VEEVA SYSTEMS INC","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.843417+00:00","generated_at":"2026-06-08T06:20:48.975961+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Veeva cuts FY2024 revenue guidance by $15M and FY2025 by $50M; Q3 prelim revenue $616M","bullets":["Q3 preliminary: revenue $616M, subscription $495M, services $121M; operating income $125M, non-GAAP OI $232M.","FY2024 revenue guidance lowered to $2.355B (down $15M); non-GAAP OI raised to $827M (up $7M).","FY2025 revenue guidance cut to at least $2.75B from $2.8B; non-GAAP OI target unchanged at $1B.","CEO cites macro headwinds from Middle East conflict, inflation, political uncertainty impacting biotech spending.","Subscription revenue outlook unchanged for FY2024 and FY2025; services weakness drives reductions."],"urls":{"canonical":"https://secwatch.observer/filing/0001393052-23-000057","json":"https://secwatch.observer/filing/0001393052-23-000057.json","markdown":"https://secwatch.observer/filing/0001393052-23-000057.md","text":"https://secwatch.observer/filing/0001393052-23-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393052/000139305223000057/0001393052-23-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393052/000139305223000057/veev-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:20:48.975961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11e8df1feb673c14c9b847b7e9e6d073e82bdd70","claim":"VEEVA SYSTEMS INC reported FQ3 2024 (three months ended October 31, 2023) results: revenue Total revenue of $616 million, net income Operating income of $125 million. Guidance initiated.","evidence_excerpt":"During the Investor Day presentation, the Company intends to provide the following update to its expected results for the fiscal third quarter ended October 31, 2023: • Total revenue of $616 million. • Subscription revenue of $495 million. • Services revenue of $121 million. • Operating income of $125 million and non-GAAP operating income of $232 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393052/000139305223000057/0001393052-23-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FQ3 2024 (three months ended October 31, 2023)"},{"label":"Revenue","value":"Total revenue of $616 million"},{"label":"Net income","value":"Operating income of $125 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}