Veeva Systems Inc
VEEVQ4 2024(VEEV Q3 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$457.8M
AI Revenue (Q)
$52.0M
Total Revenue (Q)
$1.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total quarterly revenue was $699.2M (subscription $580.9M + professional services $118.4M). Subscription revenue grew 17% YoY. R&D Solutions subscription revenue $302.5M vs Commercial Solutions $278.4M. No AI-specific revenue disclosure. Slight increase to 3.0% reflecting Veeva's continued AI feature expansion across its platform through calendar year 2024 (more mature Andi, expanded CRM Bot with generative AI, clinical trial AI features). Still purely embedded features with no separate AI pricing. Math: $699.2M * 3.0% = ~$21.0M estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription services $580,850 thousand; Professional services and other $118,357 thousand; Total revenues $699,207 thousand (three months ended October 31, 2024)
10-Q for period ended October 31, 2024, Condensed Consolidated Statements of Comprehensive Income
R&D Solutions subscription services $302,473 thousand; Commercial Solutions subscription services $278,377 thousand
10-Q for period ended October 31, 2024, Note on Revenues by Product
AI Products Identified (Ring 1)
Veeva CRM Bot (with GenAI)Andi (AI search)ML-based analytics in Veeva Data CloudGenAI features in VaultClinical trial AI optimization
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 CloudVeeva Quality CloudProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix