Veeva Systems Inc
VEEVQ2 2024(VEEV Q1 FY2025)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$363.5M
AI Revenue (Q)
$18.0M
Total Revenue (Q)
$720.9M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total quarterly revenue was $650.3M (subscription $534.0M + professional services $116.4M). The filing now includes enhanced segment disclosure with 'adjusted operating income' reconciliation but still no AI-specific revenue. Subscription revenue grew 29% YoY ($534.0M vs $414.5M), driven by strong R&D Solutions growth. No AI-specific pricing or revenue disclosed. Estimate maintained at 2.5%. Math: $650.3M * 2.5% = ~$16.3M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription services $533,955 thousand; Professional services and other $116,390 thousand; Total revenues $650,345 thousand (three months ended April 30, 2024)
10-Q for period ended April 30, 2024, Condensed Consolidated Statements of Comprehensive Income
AI Products Identified (Ring 1)
Veeva CRM BotAndi (AI search)ML-based analytics in Veeva Data CloudGenAI 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 CRMVeeva Vault platformVeeva Data CloudVeeva Development CloudProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix