The company said total revenues for the first quarter ended April 30, 2024 were $650.3 million, up 24% from $526.3 million a year earlier, and that subscription services revenues were $534.0 million, up 29% from 1 year ago.

1. 01

   The company said total revenues for the first quarter ended April 30, 2024 were $650.3 million, up 24% from $526.3 million a year earlier, and that subscription services revenues were $534.0 million, up 29% from 1 year ago.

2. 02

   The company reported first-quarter operating income of $155.2 million ($61.5 million a year earlier), net income of $161.7 million ($131.5 million a year earlier), and fully diluted net income per share of $0.98 ($0.81 a year earlier).

3. 03

   Veeva said non-GAAP operating income for the first quarter was $260.9 million ($157.0 million a year earlier), calculated as GAAP operating income plus stock-based compensation of $95,911 thousand, amortization of purchased intangibles of $4,785 thousand, and litigation settlement costs of $5,000 thousand.

4. 04

   Veeva reported first-quarter net cash provided by operating activities of $763,516 thousand ($505,936 thousand a year earlier) and gave full-year total revenue guidance for the fiscal year ending January 31, 2025 of $2,700 to $2,710 million.

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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