Company name:

Veeva Systems Inc

  • IPO SHARE PRICE:
    $20.00
  • IPO DATE:
    October 16, 2013
  • TICKER:
    VEEV
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    4280 Hacienda Drive Pleasanton California 94588
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    None
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Veeva Systems Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Jan
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
80.5% —

Subscription revenue

19.5% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
45,679
45,679
45,679
45,679
45,679
45,679
 559,434 694,467 896,294 1,179,486 1,179,486 1,291,244
Professional services revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 131,125 167,743 207,787 285,583 285,583 295,800
Total Revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $690,559 $862,210 $1,104,081 $1,465,069 $1,465,069 $1,587,044
Selected Year:
31-Jan
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
74.2%
20.1% —

Research and development

16.0% —

Sales and marketing

15.3% —

Cost of professional services and other

12.6% —

Cost of subscription revenue

10.2% —

General and administrative
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of subscription revenue
45,679
45,679
45,679
45,679
45,679
45,679
 110,465 117,009 136,328 184,589 184,589 208,528
Cost of professional services and other
45,679
45,679
45,679
45,679
45,679
45,679
 100,957 128,272 167,041 224,339 224,339 246,860
Total cost of revenue
45,679
45,679
45,679
45,679
45,679
45,679
 $211,422 $245,281 $303,369 $408,928 $408,928 $455,388
Gross profit
45,679
45,679
45,679
45,679
45,679
45,679
 479,137 616,929 800,712 1,056,141 1,056,141 1,131,656
Sales and marketing
45,679
45,679
45,679
45,679
45,679
45,679
 128,781 148,867 190,331 235,014 235,014 248,420
Research and development
45,679
45,679
45,679
45,679
45,679
45,679
 132,017 158,783 209,895 294,220 294,220 327,752
General and administrative
45,679
45,679
45,679
45,679
45,679
45,679
 60,410 86,413 114,267 149,113 149,113 160,112
Total operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
 $321,208 $394,063 $514,493 $678,347 $678,347 $736,284
Selected Year:
31-Jan
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
25.8%
25.8% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $157,929 $222,866 $286,219 $377,794 $377,794 $395,372
Selected Year:
31-Jan
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.1%
1.1% —

Other income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
-
45,679
45,679
-
-
 - - - - - -
Other expense net
-
45,679
-
-
-
-
 - - - - - -
Other income
-
-
-
-
45,679
45,679
 7,842 15,777 27,478 16,199 16,199 25,796
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
 7,842 15,777 27,478 16,199 16,199 25,796
Selected Year:
31-Jan
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
26.9%
26.9% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $165,771 $238,643 $313,697 $393,993 $393,993 $421,168
Selected Year:
31-Jan
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
1.0%
1.0% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Income before income taxes
45,679
45,679
45,679
45,679
45,679
45,679
 165,771 238,643 313,697 393,993 393,993 421,168
Income tax expense or benefit
45,679
45,679
45,679
45,679
45,679
45,679
 14,594 8,811 12,579 13,995 13,995 9,496
Selected Year:
31-Jan
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
25.9%
25.9% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $151,177 $229,832 $301,118 $379,998 $379,998 $411,672
Net income (loss) attributable to Class A and B common stock Net income (loss) attributable to Class A and B common stock
45,679
45,679
45,679
45,679
45,679
45,679
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
45,678,795
-
-
-
 - - - 137,447,441 137,447,441 137,447,441
Class B
-
-
45,678,795
-
-
-
 - - - 14,776,223 14,776,223 14,776,223
Selected Year:
31-Jan
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
-
-
-
-
-
-
 $1.08 $1.59 $2.04 $2.52 $2.52 $2.72
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $0.98 $1.47 $1.90 $2.36 $2.36 $2.52
Net Income per basic share - Class A
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 - - - - - -