Q2 2024 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$590M+10.5% YoY

Gross Profit

$421M71.4% margin

Operating Income

$104M17.6% margin

Net Income

$112M18.9% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+12.1%

Cash Flow

Operating Cash Flow

$265M

Free Cash Flow

$255M

Stock-Based Comp.

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$1.1B

Stockholders' Equity

$4.2B

Cash & Equivalents

$743M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$590M	$534M	+10.5%
Gross Profit	$421M	$383M	+10.1%
Operating Income	$104M	$101M	+2.9%
Net Income	$112M	$91M	+23.2%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$243M41%

Subscription Services Veeva Research And Development

$227M38%

Professional Services Veeva Research And Development

$72M12%

Professional Services Veeva Commercial Cloud

$47M8%

Geographic Segments

North America

$346M59%

Europe

$165M28%

Asia Pacific

$64M11%

Middle East, Africa, And Latin America

$15M3%