Veeva Systems (VEEV) FY2022 results: revenue $1.9 billion, up 26.3% on the year
Veeva Systems Inc. (VEEV) reported revenue of $1.9 billion for fiscal 2022, the year ended 31 January 2022, up 26.3% on the year before. Net income was $427 million, up 12.5%, and diluted earnings per share $2.63. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2022.
Revenue
$1.9 billion
+26.3% on the year
FY2015FY2022
Operating margin
27.3%
25.8% a year earlier
FY2015FY2022
Net income
$427 million
+12.5% on the year
FY2015FY2022
Diluted EPS
$2.63
+11.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
764
551
437
+38.7%
Capital expenditure
n/a
n/a
3.1
Free cash flow
n/a
n/a
434
Free cash flow margin
n/a
n/a
39.3%
Cash from investing
-346
-334
-517
Cash from financing
-4.1
33.8
10.0
Depreciation and amortisation
26.0
29.0
19.9
-10.3%
Share-based compensation
235
185
116
+26.8%
Diluted shares, weighted
162m
161m
158m
+1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,912
2,266
1,666
+28.5%
Debt
0.0
0.0
0.0
Operating lease liabilities
43.6
51.4
44.5
-15.1%
Finance lease liabilities
n/a
n/a
0.4
Other liabilities
861
728
561
+18.2%
Total liabilities and equity
3,816
3,046
2,272
+25.3%
Fixed assets
54.5
53.6
54.8
+1.6%
Goodwill
440
436
439
+0.9%
Intangible assets
102
115
135
-11.0%
Investments
1,238
933
610
+32.7%
Cash and equivalents
1,138
731
477
+55.8%
Receivables
631
564
390
+11.8%
Other assets
213
214
167
-0.4%
Total assets
3,816
3,046
2,272
+25.3%
10-K for the year ended 31 January 2022, filed 30 March 2022: the filing.