Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 96

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 1A
Chunk 96
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 Amended and Restated Certificate of Incorporation. Because shares of Class B common stock were outstanding for a portion of the fiscal year ended January 31, 2024, we have disclosed earnings per share for Class A and Class B common stock for the fiscal year ended January 31, 2024. For the fiscal years ended January 31, 2024 and 2023, the computation of fully diluted net income per share of Class A common stock assumes the conversion from Class B common stock, while the fully diluted net income per share of Class B common stock does not assume the conversion of those shares.

72Veeva Systems Inc. | Form 10-K

Table of Contents

The numerators and denominators of the basic and diluted net income per share computations for our common stock are calculated as follows (in thousands, except per share data):Fiscal year ended January 31,202520242023CommonClass AClass BClass AClass BBasicNumeratorNet income, basic$714,138 $491,747 $33,958 $441,425 $46,281 DenominatorWeighted average shares used in computing net income per share, basic161,879 150,162 10,370 140,640 14,745 Net income per share, basic$4.41 $3.27 $3.27 $3.14 $3.14 DilutedNumeratorNet income, basic$714,138 $491,747 $33,958 $441,425 $46,281 Reallocation as a result of conversion of Class B to Class A common stock:Net income, basic— 33,958 — 46,281 — Reallocation of net income to Class B common stock— — 8,887 — 19,163 Net income, diluted$714,138 $525,705 $42,845 $487,706 $65,444 DenominatorNumber of shares used for basic net income per share computation161,879 150,162 10,370 140,640 14,745 Conversion of Class B to Class A common stock— 10,370 — 14,745 — Effect of potentially dilutive common shares3,353 2,954 2,954 7,052 7,052 Weighted average shares used in computing net income per share, diluted165