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AI English summary of an SEC filing — figures as filed

Veeva Systems logoVeeva Systems VEEV

Veeva said total revenues for the second quarter ended July 31, 2025 fiscal year Q2 were $676.2 million, up from $590.2 million a year earlier, an increase of 15%. Subscription services revenues were $561.3 million, up 19%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Veeva said total revenues for the second quarter ended July 31, 2025 fiscal year Q2 were $676.2 million, up from $590.2 million a year earlier, an increase of 15%. Subscription services revenues were $561.3 million, up 19%.

  2. The company said operating income for Q2 was $166.5 million, compared with $104.0 million a year earlier, an increase of 60%, and net income was $171.0 million, up 53% from $111.6 million. Fully diluted net income per share was $1.04, compared with $0.68 a year earlier.

  3. Veeva reported that net cash provided by operating activities was $856,390 thousand ($770,972 thousand a year earlier) for the 6 months ended July 31. Cash, cash equivalents and restricted cash at the end of the period was $1,167,932 thousand.

  4. The company said it expects total revenues for the fiscal third quarter ending October 31 of Q3 to be between $682 and $685 million, with non-GAAP operating income between $273 and $275 million. For the fiscal year ending January 31, 2025, it projected total revenues of $2,704 to $2,710 million and non-GAAP operating income of about $1,080 million.

Summary

AI-written

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.

Q2 revenue $676.2M, subscription services $561.3M

Veeva said total revenues for the second quarter ended July 31, 2025 fiscal year Q2 were $676.2 million, up from $590.2 million a year earlier, an increase of 15%. Subscription services revenues were $561.3 million, up 19%.

Source · Based on the filing body and exhibits

Q2 operating income $166.5M, net income $171.0M

The company said operating income for Q2 was $166.5 million, compared with $104.0 million a year earlier, an increase of 60%, and net income was $171.0 million, up 53% from $111.6 million. Fully diluted net income per share was $1.04, compared with $0.68 a year earlier.

Source · Based on the filing body and exhibits

6-month operating cash flow $856,390 thousand

Veeva reported that net cash provided by operating activities was $856,390 thousand ($770,972 thousand a year earlier) for the 6 months ended July 31. Cash, cash equivalents and restricted cash at the end of the period was $1,167,932 thousand.

Source · Based on the filing body and exhibits

Q3 and full-year outlook provided

The company said it expects total revenues for the fiscal third quarter ending October 31 of Q3 to be between $682 and $685 million, with non-GAAP operating income between $273 and $275 million. For the fiscal year ending January 31, 2025, it projected total revenues of $2,704 to $2,710 million and non-GAAP operating income of about $1,080 million.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.