Consistent Execution with a Long-term View
Statement Regarding Use of
Non-GAAP Financial Measures
We provide the following non-GAAP measures, which we define as financial information that has not been prepared in accordance with generally accepted
accounting principles in the United States, or GAAP: Non-GAAP gross margin, non-GAAP operating income and margin, non-GAAP net income, and non-GAAP net
income per share. In addition to our GAAP measures, we use these non-GAAP financial measures internally for budgeting and resource allocation purposes and in
analyzing our financial results. We believe that excluding stock-based compensation expense, amortization of purchased intangibles, deferred compensation
associated with our acquisition of the Zinc Ahead business, and income tax effects of the same provides information that is helpful in understanding our operating
results, evaluating our future prospects, comparing our financial results across accounting periods, and comparing our financial results to our peers, many of which
provide similar non-GAAP financial measures.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. We
encourage our investors and others to review our financial information in its entirety, not to rely on any single financial measure to evaluate our business, and to
view our non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to non-GAAP financial
measures has been provided in the Appendix.
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