Q2 2023 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$534M+17.3% YoY

Gross Profit

$383M71.6% margin

Operating Income

$101M18.9% margin

Net Income

$91M17.0% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$93M

Free Cash Flow

$92M

Stock-Based Comp.

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$873M

Stockholders' Equity

$3.2B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$534M	$456M	+17.3%
Gross Profit	$383M	$333M	+14.7%
Operating Income	$101M	$125M	-18.9%
Net Income	$91M	$109M	-16.8%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$236M44%

Subscription Services Veeva Research And Development

$192M36%

Professional Services Veeva Research And Development

$61M11%

Professional Services Veeva Commercial Cloud

$44M8%

Geographic Segments

North America

$309M58%

Europe

$150M28%

Asia Pacific

$61M11%

Middle East, Africa, And Latin America

$15M3%