Veeva Systems Inc
VEEVQ3 2023(VEEV Q2 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$251.8M
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 $590.2M (subscription $470.6M + professional services $119.6M). No AI-specific revenue disclosure. R&D spending increased to $157.2M (up from $134.0M YoY), which may partially reflect AI feature development, but no AI revenue is broken out. Estimate maintained at 2.0%. Math: $590.2M * 2.0% = ~$11.8M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription services $470,637 thousand; Professional services and other $119,588 thousand; Total revenues $590,225 thousand (three months ended July 31, 2023)
10-Q for period ended July 31, 2023, Condensed Consolidated Statements of Comprehensive Income
AI Products Identified (Ring 1)
Veeva CRM BotML-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 CloudProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix