Veeva Systems (VEEV) Revenue — Quarter Ended Jan 31, 2023
Revenue for the most recent quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher revenue in this period relative to the prior sequential quarter and the comparable period a year ago.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q4
Revenue for the most recent quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher revenue in this period relative to the prior sequential quarter and the comparable period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$563.4M
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+16.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $505.1M | +49.8% |
| Jul 31, 2022 | $534.2M | +51.0% |
| Oct 31, 2022 | $552.4M | +46.3% |
| Jan 31, 2023 | $563.4M | +16.0% |
Revenue performance
Revenue rose from the prior quarter, continuing an upward trajectory. The year-over-year comparison also showed an increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. When measured against the same quarter one year earlier, revenue also increased.
What to watch
Revenue has shown sequential growth over recent quarters, a pattern that may warrant monitoring in future periods.