Similar companies
| Company | Revenue | |
|---|---|---|
 |
HealthequityHQY |
301M 4.3% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 676M | 4.1% |
| Gross Profit | 506M | 6.2% |
| Cost of Revenue | 337M | 2.2% |
| Operating expense | 339M | 5.6% |
| Net Income | 171M | 5.8% |
| EBITDA | 170M | 1.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 6.33B | 2.3% |
| Total Liabilities | 1.15B | 11.7% |
| Total Equity | 5.18B | 6% |
| Shares Outstanding | 162M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 93M | 87.8% |
| Cash from investing | -114M | 58.2% |
| Cash from financing | -11M | 400% |
EPS
Financial Highlights for Veeva Systems in Q3 '24
Veeva Systems reported a revenue of 676M, which is a 4.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 506M, marking a 6.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 337M, a -2.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 339M, showing a 5.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 171M, showing a 5.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 170M, showing a 1.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Veeva Systems with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
