Veeva Q3 FY2024 revenue $616.5M, +12% YoY; Non-GAAP EPS $1.34

VEEVA SYSTEMS INC

2024-Q3 EPS reported $2.32 revenue$1,733,055,000

Total revenues $616.5M (+12% YoY); subscription services revenues $494.9M (+12% YoY).
GAAP operating income $128.5M; Non-GAAP operating income $234.6M, up 7% YoY.
GAAP net income $135.2M (EPS $0.83); Non-GAAP net income $218.7M (EPS $1.34).
Customer contracting change (TFC rights) reduced revenue and income in the quarter.
Management cites strong quarter and progress in newer areas like Vault CRM.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VEEVA SYSTEMS INC reported third quarter ended October 31, 2023 results: revenue $616.5 million, net income $135.2 million, EPS $0.83 per diluted share.

Period: third quarter ended October 31, 2023
Revenue: $616.5 million
Net income: $135.2 million
EPS: $0.83 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the third quarter were $616.5 million, up from $552.4 million one year ago, an increase of 12% year over year.

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Source: SEC EDGAR

accession 0001393052-23-000062

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