Veeva Systems (VEEV) Revenue — Quarter Ended Oct 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued expansion in the company's operations.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued expansion in the company's operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$616.5M
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.3B
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 |
|---|---|---|
| Jan 31, 2023 | $563.4M | +16.0% |
| Apr 30, 2023 | $526.3M | +4.2% |
| Jul 31, 2023 | $590.2M | +10.5% |
| Oct 31, 2023 | $616.5M | +11.6% |
Revenue performance
The reported revenue shows an upward trajectory, building on the sequential gains seen in recent quarters.
Quarterly comparison
When measured against the prior quarter, revenue rose, and the year-over-year comparison also shows a higher figure. The pace of year-over-year growth was more pronounced than the sequential change.
What to watch
The company has delivered sequential revenue increases for four consecutive quarters, a trend worth monitoring.