The company said total revenue for the fiscal year ended January 31, 2024 was $2,364 million and net income was $526 million, compared with $2,155 million and $488 million in the prior fiscal year.

1. 01

   The company said total revenue for the fiscal year ended January 31, 2024 was $2,364 million and net income was $526 million, compared with $2,155 million and $488 million in the prior fiscal year.

2. 02

   Veeva said total revenue rose $209 million for the year, of which $169 million came from growth in subscription services revenue. It added that R&D Solutions contributed $119 million and Commercial Solutions contributed $50 million.

3. 03

   Veeva said net cash provided by operating activities for the year was $911 million, up $131 million from $780 million in the prior fiscal year. It also said cash, cash equivalents and short-term investments at year-end totaled $4.0 billion.

4. 04

   The company said its effective tax rate for the year was 10.6%, higher than 4.2% in the prior fiscal year. It also said excess tax benefits were $74 million, down from $94 million in the prior fiscal year.

Key figures

Fiscal year ended January 31, 2024

Revenue

$2.4B

Operating income

$429M

Net income

$526M

EPS

$3.22

Gross profit

$1.7B

Operating cash flow

$911M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.