Company: VEEV
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001393052-25-000078
Chunk: 187

Company: VEEVA SYSTEMS INC
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 shares of common stock is determined using the treasury stock method.The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):Three months ended October 31,Nine months ended October 31,2025202420252024Numerator:Net income$236,203 $185,808 $664,702 $518,513 Denominator:Basic shares:Weighted average common shares outstanding, basic164,049 161,987 163,676 161,707 Diluted shares:Weighted average common shares outstanding, basic164,049 161,987 163,676 161,707 Effect of potentially dilutive common shares4,886 2,992 4,277 3,131 Weighted average common shares outstanding, diluted168,935 164,979 167,953 164,838 Net income per share:Basic$1.44 $1.15 $4.06 $3.21 Diluted$1.40 $1.13 $3.96 $3.15 

Veeva Systems Inc. | Form 10-Q15

Table of Contents

Potential common share equivalents excluded because their inclusion would be anti-dilutive are as follows (in thousands):Three months ended October 31,Nine months ended October 31,2025202420252024Options and RSUs 2,626 10,234 6,738 8,621 

Note 11. Commitments and Contingencies

LitigationOn August 13, 2025, Veeva and IQVIA entered into a settlement agreement that resolved all ongoing litigations between Veeva and IQVIA. Prior to that, IQVIA and Veeva had been involved in a series of litigations since 2017, including IQVIA Inc. v. Veeva Systems Inc. (No. 2:17-cv-00177) and IQVIA Inc. v. Veeva Systems Inc. (No. 2:19-cv-15517). Under the terms of the settlement agreement, neither party paid damages to the other party and both parties agreed to dismiss with prejudice all claims and counterclaims currently pending.  Accordingly, all claims and counterclaims were dismissed.From time to time, we may be involved in other legal proceedings and subject to claims incident to the ordinary course of business.