Veeva Systems Inc
VEEVQ3 2024(VEEV Q2 FY2025)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$362.7M
AI Revenue (Q)
$19.0M
Total Revenue (Q)
$759.0M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total quarterly revenue was $676.2M (subscription $561.3M + professional services $114.9M). Subscription revenue grew 19% YoY. R&D Solutions subscription revenue $289.5M vs Commercial Solutions $271.8M. No AI-specific revenue disclosure. The filings continue to describe AI capabilities only in product descriptions, never in financial terms. Estimate maintained at 2.5%. Math: $676.2M * 2.5% = ~$16.9M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription services $561,277 thousand; Professional services and other $114,904 thousand; Total revenues $676,181 thousand (three months ended July 31, 2024)
10-Q for period ended July 31, 2024, Condensed Consolidated Statements of Comprehensive Income
R&D Solutions subscription services $289,467 thousand; Commercial Solutions subscription services $271,810 thousand
10-Q for period ended July 31, 2024, Note on Revenues by Product
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