Veeva Systems (VEEV) Revenue — Quarter Ended Jul 31, 2023
Revenue increased in the current quarter compared to the prior quarter. The growth rate also improved relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jul 31, 2023 · FY2024 Q2
Revenue increased in the current quarter compared to the prior quarter. The growth rate also improved relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$590.2M
Revenue reported for this quarter.
Quarter-over-quarter
+12.1%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
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 |
|---|---|---|
| Oct 31, 2022 | $552.4M | +46.3% |
| Jan 31, 2023 | $563.4M | +16.0% |
| Apr 30, 2023 | $526.3M | +4.2% |
| Jul 31, 2023 | $590.2M | +10.5% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. The year-over-year comparison also showed an increase, indicating sustained expansion.
Quarterly comparison
Compared to the prior quarter, revenue moved higher. When measured against the same period one year earlier, revenue also increased, with the pace of growth accelerating.
What to watch
The filing context does not provide specific factors behind the revenue change, so no additional watch items are identified.