Veeva Systems (VEEV) Revenue — Quarter Ended Jul 31, 2024
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was more modest than the year-over-year increase.
Key takeaway
Quarter ended Jul 31, 2024 · FY2025 Q2
Revenue for the reported quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was more modest than the year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$676.2M
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+14.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.6B
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, 2023 | $616.5M | +11.6% |
| Jan 31, 2024 | $630.6M | +11.9% |
| Apr 30, 2024 | $650.3M | +23.6% |
| Jul 31, 2024 | $676.2M | +14.6% |
Revenue performance
The company achieved higher revenue in the current quarter, continuing the upward trend seen over the past several quarters.
Quarterly comparison
Compared to the preceding quarter, revenue increased, and compared to the same quarter one year ago, revenue also increased. The year-over-year growth rate was larger than the sequential growth rate.
What to watch
The pace of sequential growth accelerated compared to the preceding quarter's sequential growth.