Veeva Systems Inc Q1 FY2023 Earnings Call

Veeva Systems Inc (VEEV)

Earnings Call FY2023 Q1 Call date: 2022-06-01 Concluded

Quarter scorecard

Revenue

$505.10M

+16.5% YoY

Diluted EPS

$0.62

-12.7% YoY

Gross margin

72.4%

-0.8 pp YoY

Net income

$100.11M

-13.4% YoY

Subscription Services Veeva Commercial Cloud $227.72M

+9.6%

Subscription Services Veeva Research and Development $174.91M

+31.2%

Professional Services Veeva Research and Development $59.15M

+21.1%

Professional Services Veeva Commercial Cloud $43.32M

-0.6%