Veeva Systems Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|
| Revenue | $690.6M | $550.5M | $409.2M | $313.2M | $210.2M | $129.5M | $61.3M |
| Cost of Revenue | $211.4M | $173.7M | $142.2M | $115.7M | $82.6M | $57.0M | $29.1M |
| Gross Profit | $479.1M | $376.9M | $267.0M | $197.6M | $127.5M | $72.5M | $32.2M |
| Gross Margin | 69.4% | 68.5% | 65.2% | 63.1% | 60.7% | 56.0% | 52.6% |
| Operating Expenses | |||||||
| Research & Development | $132.0M | $96.7M | $66.0M | $41.2M | $26.3M | $14.6M | $7.8M |
| SG&A Expense | $60.4M | $48.8M | $41.5M | $30.2M | $20.4M | $8.4M | $5.5M |
| Operating Income | $157.9M | $120.7M | $78.6M | $70.0M | $39.3M | $30.0M | $6.6M |
| Operating Margin | 22.9% | 21.9% | 19.2% | 22.3% | 18.7% | 23.2% | 10.8% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $165.8M | $122.4M | $78.6M | $67.2M | $38.5M | $29.1M | $6.7M |
| Income Tax Expense | $14.6M | $44.8M | $24.2M | $26.8M | $14.9M | $10.3M | $2.4M |
| Net Income | $151.2M | $77.6M | $54.5M | $40.4M | $23.6M | $18.8M | $4.2M |
| Net Margin | 21.9% | 14.1% | 13.3% | 12.9% | 11.2% | 14.5% | 6.9% |
| EPS (Basic) | $1.08 | $0.57 | $0.41 | $0.31 | $0.10 | $0.04 | $0.01 |
| EPS (Diluted) | $0.98 | $0.53 | $0.38 | $0.28 | $0.08 | $0.03 | $0.01 |
| Shares Outstanding (Basic) | 140.3M | 135.7M | 132.0M | 127.7M | 103.5M | 83.5M | 70.6M |
| Shares Outstanding (Diluted) | 153.7M | 147.6M | 145.0M | 144.2M | 136.0M | 122.4M | 99.1M |
| Dividends Per Share | — | — | — | — | — | — | — |