Veeva Systems (VEEV) FY2023 results: revenue $2.2 billion, up 16.4% on the year
Veeva Systems Inc. (VEEV) reported revenue of $2.2 billion for fiscal 2023, the year ended 31 January 2023, up 16.4% on the year before. Net income was $488 million, up 14.1%, and diluted earnings per share $3.00. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2023.
Revenue
$2.2 billion
+16.4% on the year
FY2016FY2023
Operating margin
21.3%
27.3% a year earlier
FY2016FY2023
Net income
$488 million
+14.1% on the year
FY2016FY2023
Diluted EPS
$3.00
+14.1% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
780
764
551
+2.1%
Cash from investing
-1,008
-346
-334
Cash from financing
-19.4
-4.1
33.8
Depreciation and amortisation
25.0
26.0
29.0
-3.8%
Share-based compensation
352
235
185
+50.0%
Diluted shares, weighted
162m
162m
161m
+0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,716
2,912
2,266
+27.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
49.7
43.6
51.4
+13.9%
Other liabilities
1,038
861
728
+20.6%
Total liabilities and equity
4,804
3,816
3,046
+25.9%
Fixed assets
49.8
54.5
53.6
-8.6%
Goodwill
440
440
436
0.0%
Intangible assets
82.5
102
115
-19.1%
Investments
2,216
1,238
933
+79.0%
Cash and equivalents
886
1,138
731
-22.1%
Receivables
703
631
564
+11.4%
Other assets
426
213
214
+100.3%
Total assets
4,804
3,816
3,046
+25.9%
10-K for the year ended 31 January 2023, filed 30 March 2023: the filing.