NYSE$VEEV

Veeva Systems Inc A · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Veeva's Q4 2024 earnings showcased strong financial results and strategic advancements.

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.

Headline financials

Total Revenue

$631M

Previous: $563M+11.9%
EPS (adj)

$1.38

Previous: $1.15+20.0%
Net Income

$147M

Previous: $189M-21.8%
Operating Income

$135M

Previous: $109M+24.2%
Gross Profit

$453M

Previous: $399M+13.5%
R&D Expense

$164M

No prior period
Stock-Based Comp

$98.9M

Previous: $95.5M+3.5%

Revenue & EPS history

Veeva · Revenue · Quarterly

$631M

Q4 2024+11.9%vs Q4 2023
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Veeva · $759M total across 2 segments · Q1 2026

  • R&D Solutions
    $407M
  • Commercial Solutions
    $352M

Forward guidance

Veeva provided guidance for its fiscal first quarter ending April 30, 2024, and fiscal year ending January 31, 2025.

Tailwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.7%

Avg return

30 days after

55%

31 / 56 earnings

Positive

+21.2%

Q1 2024

Best reaction

-17.0%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-0.3%-6.4%
Q4 2026+4.0%+0.6%-7.7%
Q3 2026-12.9%-11.0%-18.0%
Q2 2026-7.5%-8.0%-1.1%
Q1 2026+1.6%+0.3%+1.2%
Q4 2025+7.4%+5.3%-2.8%
Q3 2025+5.3%+3.6%-10.4%
Q2 2025+8.4%+8.1%+5.3%
Q1 2025-13.1%-10.8%-8.7%
Q4 2024-1.5%-1.7%+2.8%
Q3 2024-2.8%-2.0%+4.3%
Q2 2024+8.1%+12.2%+5.4%
Q1 2024+21.2%+18.2%+20.8%
Q4 2023+4.8%+6.5%+10.9%
Q3 2023-8.1%-11.5%-15.2%
Q2 2023-15.2%-15.9%-18.4%
Q1 2023+13.1%+11.0%+19.9%
Q4 2022-16.8%-21.8%-6.6%
Q3 2022-7.1%-7.2%-9.6%
Q2 2022-4.8%-4.3%-13.5%
Q1 2022+8.9%+6.7%+16.8%
Q4 2021-10.3%-13.3%-8.8%
Q3 2021-1.6%-1.9%-1.7%
Q2 2021+2.0%+9.5%+2.0%
Q1 2021+14.0%+14.4%+22.4%
Q4 2020+0.0%+1.5%+8.4%
Q3 2020-2.3%-5.0%-9.6%
Q2 2020+0.9%-1.4%-4.9%
Q1 2020+10.6%+6.9%+16.2%
Q4 2019-3.0%+0.4%+3.6%
Q3 2019+9.9%+10.1%-2.5%
Q2 2019+13.1%+15.4%+16.8%
Q1 2019+0.4%-1.2%+7.9%
Q4 2018+12.2%+18.8%+17.6%
Q3 2018-5.7%-2.1%-0.6%
Q2 2018-13.3%-11.3%-13.5%
Q1 2018+9.4%+6.3%+4.5%
Q4 2017+1.7%+0.1%+15.2%
Q3 2017+10.8%+10.8%-0.6%
Q2 2017+5.8%+5.4%+7.1%
Q1 2017+7.7%+10.2%+14.8%
Q4 2016+6.1%
Q3 2016+5.5%
Q2 2016+12.5%
Q1 2016-2.4%
Q4 2015-17.0%
Q3 2015+12.8%
Q2 2014+2.8%
Q2 2015+18.9%
Q1 2014+3.6%
Q1 2015-4.2%
Q4 2012-0.8%
Q4 2014-3.4%
Q4 2013-8.9%
Q3 2013-8.9%
Q3 2014-0.2%

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