Veeva Systems Inc
VEEVQ2 2023(VEEV Q1 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$249.1M
AI Revenue (Q)
$13.0M
Total Revenue (Q)
$650.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total quarterly revenue was $526.3M (subscription $414.5M + professional services $111.8M). No AI-specific revenue disclosure. Modest increase to 2.0% reflecting Veeva's expanding AI feature set as the generative AI wave begins (early 2023). Veeva started incorporating more ML capabilities into its Vault platform and Data Cloud during this period, though none are separately disclosed or priced. Math: $526.3M * 2.0% = ~$10.5M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription services $414,546 thousand; Professional services and other $111,779 thousand; Total revenues $526,325 thousand (three months ended April 30, 2023)
10-Q for period ended April 30, 2023, Condensed Consolidated Statements of Comprehensive Income
AI Products Identified (Ring 1)
Veeva CRM BotML-based analytics in Veeva Data CloudEarly GenAI features in Vault
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 platformVeeva Data CloudProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix