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Jan 31, 2024
Veeva Q4 2024 Earnings Report
Veeva's Q4 2024 earnings showcased strong financial results and strategic advancements.
Key Takeaways
Veeva Systems Inc. reported a 12% year-over-year increase in total revenues for the fourth quarter, reaching $630.6 million. Subscription services revenues grew by 13% year-over-year to $521.5 million. The company's operating income increased by 24% to $135.3 million, while net income decreased by 22% to $147.4 million. Veeva is focusing on industry cloud opportunities, including the Veeva Compass Suite, Clinical Platform, and new Commercial Cloud.
Total revenues for Q4 reached $630.6 million, a 12% increase year-over-year.
Subscription services revenues for Q4 were $521.5 million, up 13% year-over-year.
Operating income for Q4 increased by 24% year-over-year to $135.3 million.
Net income for Q4 was $147.4 million, a 22% decrease year-over-year.
Veeva
Veeva
Forward Guidance
Veeva provided guidance for its fiscal first quarter ending April 30, 2024, and fiscal year ending January 31, 2025.
Positive Outlook
- Total revenues between $640 and $643 million for Q1 2025.
- Non-GAAP operating income between $245 and $247 million for Q1 2025.
- Non-GAAP fully diluted net income per share between $1.42 and $1.43 for Q1 2025.
- Total revenues between $2,725 and $2,740 million for FY 2025.
- Non-GAAP operating income of about $1,070 million for FY 2025.