Veeva(US:VEEV)2024-08-28 21:01Financial Performance & Guidance - Total revenue for FY 2024 reached $2364 million, with a year-over-year growth of 10%[5,24] - The company projects total revenue for FY 2025 to be between $2704 million and $2710 million[5,18] - Subscription revenue is expected to be approximately $2257 million in FY 2025[5,18] - Non-GAAP operating income for FY 2025 is guided at approximately $1080 million, representing roughly 40% operating margin[11,12,19] - Q3'25 total revenue is projected to be between $682 million and $685 million[8,20] Revenue Breakdown & Growth - Subscription revenue grew by 10% year-over-year in FY 2024[5,24] - Services revenue increased by 9% in FY 2024[5,24] - Subscription revenue growth for Q2'25 was 19%[9,23] - Services revenue decreased by 4% in Q2'25[9,23] Billings & Cash Flow - Normalized billings for FY 2025 are projected to be around $2880 million, reflecting an approximate 11% year-over-year growth[16,19] - Non-GAAP cash from operations is expected to be about $1030 million for FY 2025[17,18,19]