Veeva Systems (VEEV) Revenue — Quarter Ended Apr 30, 2024
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential change.
Key takeaway
Quarter ended Apr 30, 2024 · FY2025 Q1
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$650.3M
Revenue reported for this quarter.
Quarter-over-quarter
+3.1%
Change from the immediately preceding quarter.
Year-over-year
+23.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.5B
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 |
|---|---|---|
| Jul 31, 2023 | $590.2M | +10.5% |
| Oct 31, 2023 | $616.5M | +11.6% |
| Jan 31, 2024 | $630.6M | +11.9% |
| Apr 30, 2024 | $650.3M | +23.6% |
Revenue performance
The company reported higher revenue for the quarter, continuing an upward trend observed in recent periods. The sequential improvement was modest, while the annual comparison showed a stronger gain.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue also increased, and the magnitude of that increase was larger than the sequential change.
What to watch
Monitor whether the pace of year-over-year revenue growth can be sustained in upcoming quarters.