Veeva Systems (VEEV) 10-K Summary — Year Ended Jan 31, 2024
Veeva Systems filed its annual report for the period ending January 31, 2024. The filing covers business operations, risk factors, financial results, and liquidity.
Key takeaway
Year ended Jan 31, 2024 · FY2026 10-K
Veeva Systems filed its annual report for the period ending January 31, 2024. The filing covers business operations, risk factors, financial results, and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.4B
Revenue reported for the fiscal year.
Operating income
$429.3M
Income from operations reported for the year.
Net income
$525.7M
Net income reported for the year.
Operating cash flow
$911.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2022 | $1.9B | n/a |
| Jan 31, 2023 | $2.2B | +16.4% |
| Jan 31, 2024 | $2.4B | +9.7% |
Business overview
Veeva Systems operates in the business of providing cloud-based software solutions. The company's Business overview section references Item 1, along with Risk Factors, Unresolved Staff Comments, and Cybersecurity discussions.
Financial performance
Reported revenue increased, while operating income and net income were disclosed as reported figures. Operating cash flow was also provided. The trend shows revenue growing over the prior two periods, with the latest period showing a lower growth rate than the previous one.
Material risks
Risk factors are discussed in Item 1A of the filing, as referenced in the Business overview. The specific risks are not detailed in the supplied context, but the filing indicates that risk factors are a significant section.
Liquidity and capital
Liquidity and capital resources are discussed in the Management's Discussion and Analysis section and a dedicated subsection. Operating cash flow was reported as a key metric supporting capital allocation.
What to watch
Readers should monitor the trend in revenue growth rate, which decelerated in the current period compared to the previous period.