Q1 2024 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$526M+4.2% YoY

Gross Profit

$360M68.3% margin

Operating Income

$62M11.7% margin

Net Income

$132M25.0% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

$506M

Free Cash Flow

$503M

Stock-Based Comp.

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$1.1B

Stockholders' Equity

$3.9B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$526M	$505M	+4.2%
Gross Profit	$360M	$366M	-1.6%
Operating Income	$62M	$128M	-51.8%
Net Income	$132M	$100M	+31.4%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$239M45%

Subscription Services Veeva Research And Development

$175M33%

Professional Services Veeva Research And Development

$67M13%

Professional Services Veeva Commercial Cloud

$45M9%

Geographic Segments

North America

$314M60%

Europe

$142M27%

Asia Pacific

$56M11%

Middle East, Africa, And Latin America

$14M3%