Veeva Systems Inc

VEEV

Equity

ISIN US9224751084 / Valor 22346723

New York Stock Exchange, Inc (2024-11-21)

USD 214.54+1.86%

Veeva Systems Inc
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About company

Veeva Systems Inc is a leading provider of cloud-based software solutions for the life sciences industry, offering services in customer relationship management, customer master data, and marketing. The company's executive team, including individuals like Adriano Vieira, Pinal, Erik Smith, Nitsa Zuppas, Tom Schwenger, and Peter Gassner, bring decades of experience in the industry and play key roles in driving the company's global operations, IT organization, R&D and Quality sales, customer success, and overall company direction. Veeva's focus on providing innovative solutions and exceptional customer service has solidified its position as an industry leader in the field of enterprise software for life sciences companies.

Summarized from source with an LLMView SourceSector: Technology

Total Revenues

Veeva Systems Inc. reported total revenues of $650.3 million for the first quarter of fiscal 2025, which ended on April 30, 2024. This represents a 24% increase compared to the $526.3 million reported in the same quarter of the previous year.

Subscription Services Revenues

In the first quarter of fiscal 2025, Veeva Systems Inc. achieved subscription services revenues of $534.0 million. This marks a 29% year-over-year increase from the $414.5 million reported in the first quarter of fiscal 2024.

Operating Income

Veeva Systems Inc. reported an operating income of $155.2 million for the first quarter of fiscal 2025, a significant increase of 152% compared to the $61.5 million reported in the same period last year. Non-GAAP operating income was $260.9 million, up 66% from $157.0 million in the previous year.

Net Income

For the first quarter of fiscal 2025, Veeva Systems Inc. reported a net income of $161.7 million, a 23% increase from the $131.5 million reported in the first quarter of fiscal 2024. Non-GAAP net income was $247.0 million, up 67% from $147.9 million in the previous year.

Financial Outlook

Veeva Systems Inc. provided guidance for the second quarter of fiscal 2025, expecting total revenues between $666 and $669 million. For the full fiscal year ending January 31, 2025, the company anticipates total revenues between $2,700 and $2,710 million, with a non-GAAP operating income of about $1,070 million.

Summarized from source with an LLMView Source

Key figures

21.6%1Y

-29.7%3Y

42.4%5Y

Performance

28.8%1Y

39.9%3Y

40.2%5Y

Volatility