secwatch.observer — SEC 8-K summary
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Issuer:     VEEVA SYSTEMS INC (VEEV)
CIK:        0001393052
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001393052-23-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393052/000139305223000062/0001393052-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393052/000139305223000062/veev-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001393052-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer