Veeva Systems Inc
VEEVQ1 2024(VEEV Q4 FY2024)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$331.3M
AI Revenue (Q)
$17.5M
Total Revenue (Q)
$699.2M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2024 annual 10-K filing. FY2024 total revenue was $2,364M (subscription $1,902M + professional services $462M). The 10-K now mentions 'Veeva Development Cloud, Veeva Quality Cloud, Veeva Commercial Cloud, and Veeva Data Cloud' as four product categories. Revenue breakdown: Commercial Solutions ~48%, R&D Solutions ~52% of subscription revenue. Still no AI-specific revenue disclosure. Slight increase to 2.5% reflecting Veeva's growing investment in AI features across its platform (Andi AI search launched, CRM Bot expanded, Vault GenAI features). Q4 implied revenue: $2,364M - $526.3M - $590.2M - $616.5M = ~$631.0M. Math: $631.0M * 2.5% = ~$15.8M.
Analyzed by claude-opus-4-6
Quoted Figures
For our fiscal years ended January 31, 2025, 2024, and 2023, our total revenues were $2,747 million, $2,364 million, and $2,155 million, respectively.
10-K for fiscal year ended January 31, 2024, Item 7 MD&A
The Company operates as a single operating and reportable segment.
10-K for fiscal year ended January 31, 2024, Note on Segment Information
AI Products Identified (Ring 1)
Veeva CRM BotAndi (AI-powered search for medical content)ML-based analytics in Veeva Data CloudGenAI features in Vault platform
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 Commercial CloudVeeva Development CloudVeeva Quality CloudProfessional services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix