Consistent Execution with a Long-term View

Reconciliation of GAAP to Non-GAAP Measures in millions FY'17* FY'18* FY'19 FY'20 FY'21 FY'22 Operating income on a GAAP basis $ 120.7 157.9 222.9 286.2 $ 377.8 505.5 Stock-based compensation expense 40.8 54.0 76.4 115.9 185.0 234.6 Amortization of purchased intangibles 8.2 7.8 7.0 10.1 20.0 18.5 Deferred compensation associated with Zinc Ahead acquisition Operating income on a non-GAAP basis 2.8 0.5 0.3 $ 172.5 $ 220.2 $ 306.6 $ 412.2 $ 582.8 $ 758.7 Fiscal Year Ending January 31 * Restated for ASC 606 Copyright Veeva Systems 2022

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