Q3 2023 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$552M+16.0% YoY

Gross Profit

$398M72.1% margin

Operating Income

$121M22.0% margin

Net Income

$108M19.6% margin

EPS (Diluted)

$0.67

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$143M

Free Cash Flow

$137M

Stock-Based Comp.

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$764M

Stockholders' Equity

$3.4B

Cash & Equivalents

$865M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$552M	$476M	+16.0%
Gross Profit	$398M	$347M	+15.0%
Operating Income	$121M	$133M	-8.5%
Net Income	$108M	$106M	+2.4%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$239M43%

Subscription Services Veeva Research And Development

$202M37%

Professional Services Veeva Research And Development

$65M12%

Professional Services Veeva Commercial Cloud

$45M8%

Geographic Segments

North America

$322M58%

Europe

$153M28%

Asia Pacific

$63M11%

Middle East, Africa, And Latin America

$15M3%