Company: VEEV
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001393052-25-000022
Chunk: 282

Company: VEEVA SYSTEMS INC
Filing Date: 2025-03-24
Form: 10-K
Item: Item 3
Chunk 282
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 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, diluted165,232 163,486 13,324 162,437 21,797 Net income per share, diluted$4.32 $3.22 $3.22 $3.00 $3.00 Potential common share equivalents excluded where the inclusion would be anti-dilutive are as follows (in thousands):Fiscal year ended January 31,202520242023Options and RSUs 8,609 6,083 3,945 

Note 14. Commitments and Contingencies

LitigationIQVIA Litigation MattersIQVIA and Veeva have been involved in litigation since 2017. On January 10, 2017, IQVIA Inc. and