Q4 2023 Earnings

Healthcare Medical - Healthcare Information Services

Income Statement

Revenue

$563M+16.0% YoY

Gross Profit

$399M70.8% margin

Operating Income

$109M19.3% margin

Net Income

$189M33.5% margin

EPS (Diluted)

$1.16

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$59M

Stock-Based Comp.

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$1.1B

Stockholders' Equity

$3.7B

Cash & Equivalents

$886M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$563M	$485M	+16.0%
Gross Profit	$399M	$350M	+14.1%
Operating Income	$109M	$120M	-9.0%
Net Income	$189M	$97M	+94.2%

Revenue Segments

Subscription Services Veeva Commercial Cloud

$243M43%

Subscription Services Veeva Research And Development

$217M39%

Professional Services Veeva Research And Development

$59M10%

Professional Services Veeva Commercial Cloud

$44M8%

Geographic Segments

North America

$328M58%

Europe

$157M28%

Asia Pacific

$63M11%

Middle East, Africa, And Latin America

$15M3%