The company said total revenue for fiscal 2024, which ended on January 31, was $2,363.7 million, up 10% from $2,155.1 million a year earlier. Total revenue for Q4 was $630.6 million, up 12% from $563.4 million in the same quarter a year earlier.

1. 01

   The company said total revenue for fiscal 2024, which ended on January 31, was $2,363.7 million, up 10% from $2,155.1 million a year earlier. Total revenue for Q4 was $630.6 million, up 12% from $563.4 million in the same quarter a year earlier.

2. 02

   Veeva Systems said net income for Q4 was $147.4 million, down 22% from $188.5 million in the same quarter a year earlier, and full-year operating income was $429.3 million, down 6% from $459.1 million a year earlier.

3. 03

   The company said a customer contracting change standardizing termination for convenience (TFC) rights in its master subscription agreements took effect on February 1, 2023. It said the change shifted the timing of revenue for certain customer contracts and reduced revenue, operating income, and net income for Q4 and for the full year.

4. 04

   The company gave an outlook for the fiscal year ending January 31, 2025, with total revenue of $2,725 to $2,740 million, non-GAAP operating income of about $1,070 million, and non-GAAP fully diluted net income per share of about $6.16.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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