secwatch.observer — SEC 8-K summary
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Issuer:     VEEVA SYSTEMS INC (VEEV)
CIK:        0001393052
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001393052-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veeva Q1 FY2025 revs $650.3M (+24% YoY); non-GAAP EPS $1.50 vs $0.91, beat guidance
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- Total revenue $650.3M (+24% YoY); subscription revenue $534.0M (+29% YoY).
- GAAP net income $161.7M ($0.98 diluted EPS); non-GAAP net income $247.0M ($1.50 diluted EPS).
- GAAP operating income $155.2M (+152% YoY); non-GAAP op income $260.9M (+66% YoY).
- Three top-20 biopharmas selected multiple Development Cloud apps; Vault Basics launched for emerging biotechs.
- Interim CFO Tim Cabral noted results exceeded guidance on all metrics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393052/000139305224000019/0001393052-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393052/000139305224000019/veev-20240530.htm
  HTML page:      https://secwatch.observer/filing/0001393052-24-000019

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