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Rankings/VEEV/Q2 2022 Analysis

Veeva Systems Inc

VEEV
Q2 2022(VEEV Q1 FY2023)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$169.1M
AI Revenue (Q)
$7.9M
Total Revenue (Q)
$526.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Veeva operates as a single segment (industry cloud solutions for life sciences). Total quarterly revenue was $534.2M (subscription $428.6M + professional services $105.6M). No AI revenue is disclosed, and the terms 'artificial intelligence,' 'machine learning,' or 'AI' do not appear in a financial context in the filing. Veeva's AI-adjacent features at this time included early CRM Bot capabilities and some ML-based analytics within Veeva Data Cloud. These are embedded features bundled into broader platform subscriptions (Veeva CRM, Vault, Data Cloud), not separately priced or reported. The vast majority of revenue is traditional cloud CRM, content management, and clinical data management for pharma. Conservative estimate: ~1.5% of total revenue attributable to AI-powered features as incremental value drivers within existing subscriptions. Math: $534.2M * 1.5% = ~$8.0M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6

Quoted Figures

Subscription services $428,649 thousand; Professional services and other $105,569 thousand; Total revenues $534,218 thousand (three months ended July 31, 2022)
10-Q for period ended July 31, 2022, Condensed Consolidated Statements of Comprehensive Income
We have determined that we operate in a single operating and reportable segment.
10-Q for period ended July 31, 2022, Note on Segment Information

AI Products Identified (Ring 1)

Veeva CRM Bot (early version)ML-based analytics in Veeva Data Cloud

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Veeva CRM (traditional pharma sales CRM)Veeva Vault (content/data management platform)Veeva Data Cloud (reference data for pharma)Professional services and implementation

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix