Company: VEEV
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001393052-25-000042
Chunk: 190

Company: VEEVA SYSTEMS INC
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 forecasting future periods.

Note 13. Information about Geographic Areas and Products

Information about Geographic AreasWe track and allocate revenues by principal geographic area rather than by individual country, which makes it impractical to disclose revenues for the United States or other specific foreign countries. We measure subscription services revenue primarily by the estimated location of the end users in each geographic area for our Commercial Solutions and primarily by the estimated location of usage in each geographic area for our R&D Solutions. We measure professional services revenue primarily by the location of the resources performing the professional services.Total revenues by geographic area were as follows for the periods shown below (in thousands):Three months ended April 30,20252024Revenues by geographyNorth America$459,467 $381,599 Europe217,103 189,915 Asia Pacific65,370 62,440 Middle East, Africa, and Latin America17,103 16,391 Total revenues$759,043 $650,345 

Veeva Systems Inc. | Form 10-Q17

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Long-lived assets by geographic area are as follows as of the periods shown below (in thousands):April 30, 2025January 31, 2025Long-lived assets by geographyNorth America$47,604 $47,144 Europe7,122 6,778 Asia Pacific3,201 1,295 Middle East, Africa, and Latin America582 695 Total long-lived assets$58,509 $55,912 Revenues by ProductWe group our revenues into two product areas: Commercial Solutions and R&D Solutions. Commercial Solutions revenues consist of revenues from our Veeva Commercial Cloud and Veeva Data Cloud solutions. R&D Solutions revenues consist of revenues from our Veeva Development Cloud and Veeva Quality Cloud solutions. Total revenues consist of the following (in thousands):Three months ended April 30,20252024Subscription servicesCommercial Solutions$305,411 $261,316 R&D Solutions329,357 272,639 Total subscription services634,768 533,955 Professional servicesCommercial Solutions46,567 48,772 R&D Solutions77,708 67,618 Total professional services124,275 116,390 Total revenues$759,043 $650,345 

18Veeva Systems Inc. | Form 10-Q

Table of Contents

ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANC