Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 197

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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128,738 118,357 9%382,911 349,651 10%Total revenues$811,236 $699,207 16%$2,359,360 $2,025,733 16%Percentage of revenues:Subscription services84 %83 %84 %83 %Professional services and other16 17 16 17 Total revenues100 %100 %100 %100 %

Total revenues for the three months ended October 31, 2025 increased $112 million, of which $102 million was from growth in subscription services revenue.

22Veeva Systems Inc. | Form 10-Q

Table of Contents

The increase in subscription services revenues consisted of $63 million attributable to R&D Solutions and $39 million attributable to Commercial Solutions. The increase in subscription services revenue attributable to R&D Solutions was primarily driven by the expanding use by existing customers of our Veeva Development Cloud and Veeva Quality Cloud products and, to a lesser extent, due to higher prices in connection with our annual inflation adjustment for Veeva Development Cloud products. The increase in subscription services revenue attributable to Commercial Solutions was primarily driven by the expanding use by existing customers of our Veeva Commercial Cloud and Veeva Data Cloud products and, to a lesser extent, due to higher prices in connection with our annual inflation adjustment for Veeva Commercial Cloud products. The geographic mix of subscription services revenues was 60% from North America, 28% from Europe, and 12% from other locations, primarily Asia Pacific, for the three months ended October 31, 2025, as compared to 59% from North America, 28% from Europe, and 13% from other locations, primarily Asia Pacific, for the three months ended October 31, 2024.

Professional services and other revenues for the three months ended October 31, 2025 increased $10 million. The increase was primarily due to an increase in implementation and business consulting services. The geographic mix of professional services and other revenues was 58% from North America, 36% from Europe, and 6% from other locations, primarily Asia Pacific, for the three months ended October 31, 2025, as compared to 62% from North America, 31% from Europe, and 7% from other locations, primarily Asia Pacific, for the three months ended October 31, 2024.

Total revenues for the nine