Veeva Systems’ Revenue by Region (2016-2022)

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This statistic highlights Veeva Systems’ Revenue by Region from Q1 2016 onwards, split across Asia-Pacific, Europe and North America.
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This statistic highlights Veeva Systems’ Revenue by Region from Q1 2016 onwards, split across Asia-Pacific, Europe and North America.

Veeva Systems’ Revenue by Region

Region Q2 2021 Q1 2022 Q2 2022 Contribution in Q2 2022
Asia-Pacific $44.57 $53.63 $55.85 12.62%
Europe $98.40 $121.30 $127.55 28.82%
North America $200.33 $246.30 $259.13 58.56%
Total $343.30 $421.23 $442.53 100%

(All figures in millions, except percentages)

Veeva Systems’ total revenue by region increased from $343.40 million in Q2 2021 to $442.53 million in Q2 2022, marking a growth of 28.87%, on a year-on-year basis. It also increased from $421.23 million in Q1 2022 to $442.53 million in Q2 2022, marking an increase of 5% on a quarter-on-quarter basis.

The revenue by geography is tracked and allocated by region of the consumers’ end users rather than by discrete country, which makes it unserviceable to reveal the revenues for the United States of America or other particular overseas countries.

Veeva Systems’ revenue is generated from the following three regions:

Asia Pacific

Veeva Systems was set up in the Asia Pacific region in August 2016. Its office was established in Mumbai to work for consumers all over India, Pakistan, Bangladesh, and Sri Lanka. The G.M announced that they’ll continue to finance in this region to satisfy the requirements of the consumers.

The revenue from the Asia-Pacific region made a continuous growth between Q2 2021 and Q2 2022. It contributes to 12.62% of the total revenue by region. It grew from $41.57 million in Q2 2021 to $55.85 million in Q2 2022 making a yearly growth of $14.28 million i.e., 34.43%. It also made a quarter-on-quarter growth of  2.22 million (4.13%) from $53.63 million in Q1 2020 to $55.85 million in Q2 2022.

Europe

Veeva Systems was officially established in Europe in 2010. It has conveyed the benefits of cloud computing in more than 20 European markets.

The revenue from the European region heightened at the stretch from Q2 2021 to Q2 2022. It adds to the total revenue by region by 28.82% as of Q2 2022.  It increased from $98.40 million in Q2 2021 to $127.55 million in Q2 2022 marking a growth of $29.15 million i.e., by 29.62% on a year-on-year basis. It also grew on a quarter-on-quarter basis between Q1 2022 and Q2 2022 by $2.22 million (4.13%).

North America

North America is the widest market for the revenue of Veeva Systems. It advances 58.56% to the total revenue of Veeva Systems Inc. as of Q2 2022.

The revenue from the region of North America increased from $200.33 million in Q2 2021 to $259.13 million in Q2 2022, which marks a year-on-year growth of 29.35%. It also increased quarterly by $12.83 million, i.e., by 5.2% between Q1 2022 and Q2 2022.

About the Company

Veeva Systems is the world leader in a mesh computer program for the biological sciences industry. It’s dedicated to transformation, product distinction, and consumer victory. The company has desegregated distinct order administration and data adapter instruments to the product, i.e., the products differ from region to region. Veeva Systems Inc. is the world’s leading provider of cloud-based software for the life sciences industry. Veeva has over 875 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs, and is dedicated to innovation, product excellence, and customer success.

Veeva Inc. is a privately held company established in 2007 and headquartered in San Francisco, California. It is traded under NYSE under the ticker symbol VEEV.

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