Q1 2023 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$505M+16.5% YoY

Gross Profit

$366M72.4% margin

Operating Income

$128M25.3% margin

Net Income

$100M19.8% margin

EPS (Diluted)

$0.62

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$481M

Free Cash Flow

$479M

Stock-Based Comp.

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$943M

Stockholders' Equity

$3.1B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$505M	$434M	+16.5%
Gross Profit	$366M	$317M	+15.2%
Operating Income	$128M	$128M	-0.6%
Net Income	$100M	$116M	-13.4%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$228M45%

Subscription Services Veeva Research And Development

$175M35%

Professional Services Veeva Research And Development

$59M12%

Professional Services Veeva Commercial Cloud

$43M9%

Geographic Segments

North America

$295M58%

Europe

$139M28%

Asia Pacific

$58M11%

Middle East, Africa, And Latin America

$14M3%