Veeva Systems said total revenues for the fiscal year ended January 31, 2025 were $2,747 million, subscription services revenues were $2,285 million, and net income was $714 million. Total revenues increased 16% year-over-year, and subscription services revenues increased 20%.

1. 01

   Veeva Systems said total revenues for the fiscal year ended January 31, 2025 were $2,747 million, subscription services revenues were $2,285 million, and net income was $714 million. Total revenues increased 16% year-over-year, and subscription services revenues increased 20%.

2. 02

   The company said the $383 million increase in total revenues came entirely from growth in subscription services revenues. Of this, R&D Solutions accounted for $274 million and Commercial Solutions for $109 million, while professional services and other revenues remained flat compared to the prior year.

3. 03

   Veeva Systems said research and development expenses increased $64 million, comprising an increase of $46 million in employee compensation-related costs and an increase of $16 million in technology and infrastructure costs. General and administrative expenses increased $19 million, and the company cited stock-based compensation related to an equity grant to its Chief Executive Officer in June 2024 as a factor.

4. 04

   The company said net cash provided by operating activities for the fiscal year was $1,090 million, an increase of $179 million from $911 million in the prior year. As of January 31, 2025, cash, cash equivalents, and short-term investments totaled $5.2 billion, of which $50 million was held outside the United States.

Key figures

Fiscal year ended January 31, 2025

Revenue

$2.7B

Operating income

$691M

Net income

$714M

EPS

$4.32

Gross profit

$2.0B

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. 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

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