Company: VEEV
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001393052-25-000067
Chunk: 153

Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 1
Chunk 153
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 the appropriate level of various operating expenses and resource allocations when budgeting, planning, and 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 July 31,Six months ended July 31,2025202420252024Revenues by geographyNorth America$468,008 $395,971 $927,475 $777,570 Europe232,744 198,315 449,847 388,230 Asia Pacific70,128 64,879 135,498 127,319 Middle East, Africa, and Latin America18,201 17,016 35,304 33,407 Total revenues$789,081 $676,181 $1,548,124 $1,326,526 

Veeva Systems Inc. | Form 10-Q17

Table of Contents

Long-lived assets by geographic area are as follows as of the periods shown below (in thousands):July 31, 2025January 31, 2025Long-lived assets by geographyNorth America$49,221 $47,144 Europe7,586 6,778 Asia Pacific3,776 1,295 Middle East, Africa, and Latin America627 695 Total long-lived assets$61,210 $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 July 31,Six months ended July 31,2025202420252024Subscription servicesCommercial Solutions$307,523 $271,810 $612,934 $533,126 R&D Solutions351,660 289,