Veeva Systems
27 named things its latest annual report says its results depend on, each in the company's own words. 22 of them are also named by other companies we've read.
Customers
Top 10 customers
concentrated in · 28% of our total revenuesnamed as a riskIn each of our fiscal years ended January 31, 2026, 2025, and 2024, our top 10 customers accounted for 28% of our total revenues.Risk factors (Item 1A)
Also named by AESI, CLS, COR, ECG, JBHT, MTSI, MYRG, Q and 1 more
Life sciences industry
concentrated in · Nearly all of our salesnamed as a riskNearly all of our sales are to customers in the life sciences industry.Risk factors (Item 1A)
Suppliers
Amazon Web Services
depends onnamed as a riskWe utilize Amazon Web Services with respect to applications built on the Veeva Vault platform.Risk factors (Item 1A)
Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more
Zoom Video Communications, Inc.
depends onnamed as a riskFor example, our Veeva CRM Engage Meeting application uses a purpose-built partner tool from Zoom Video Communications, Inc., which is critical to the application’s functionality.Risk factors (Item 1A)
Partners and platforms
Salesforce, Inc.
depends on · 150% of the seats in usenamed as a riskWe are currently dependent upon the Salesforce platform to deliver Veeva CRM.Risk factors (Item 1A)
Other companies
Consumer Price Index (CPI-U)
lower of 4%named as a riskFor example, certain of our contracting terms include an annual inflation adjustment that raises the price to each customer upon renewal by the lower of 4% or the Consumer Price Index (All Urban Consumer, U.S. City Average, All Items Index) published by the U.S. Bureau of Labor Statistics for the month of August of the prior calendar year.Risk factors (Item 1A)
Competitors
Oracle Corporation
competes withnamed as a riskIQVIA, Dassault Systèmes, OpenText Corporation, Oracle Corporation, Honeywell International Inc., and other smaller application providers offer applications that compete with certain of our Veeva Development Cloud or Veeva Quality Cloud applications.Risk factors (Item 1A)
IQVIA Holdings, Inc.
competes withnamed as a riskOur Veeva Data Cloud products as well as Veeva Crossix, compete with IQVIA, Ipsos Group S.A., Definitive Health Corp., and smaller data and data analytics providers.Risk factors (Item 1A)
Also named by MEDP
Salesforce, Inc.
competes withnamed as a riskFor example, Salesforce, our primary CRM competitor, has announced that certain large Veeva CRM customers have committed to purchasing its CRM solutions and a number of our customers have informed us of their intent to move to Salesforce as their CRM provider.Risk factors (Item 1A)
Places
Outside North America
earns from · approximately 40% of our total revenuesnamed as a riskIn our fiscal year ended January 31, 2026, customers outside North America accounted for approximately 40% of our total revenues.Risk factors (Item 1A)
Russia
earns fromnamed as a riskIf customers further curtail or discontinue their operations in Ukraine or Russia, or if we are not able to supply or service users in Russia due to existing or new sanctions, we may lose sales and our results of operations could be negatively impacted.Risk factors (Item 1A)
Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more
China
operates innamed as a riskOur products used only within China are hosted in data centers located in China.Business (Item 1)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Israel
operates innamed as a riskArmed conflicts, terrorist activities or political instability involving Israel or other countries in the region may cause business disruptions and adversely impact our results of operations.Risk factors (Item 1A)
Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more
Pleasanton, California
operates innamed as a riskOur corporate headquarters are located in Pleasanton, California and our primary third-party hosted computing infrastructure is located in the United States, the European Union, Japan, and South Korea.Risk factors (Item 1A)
Also named by WDAY
Hazards
Commodities and inputs
Euro
exposed to its price · about 83% of our revenues and about 80% of our expenses were denominated in USDnamed as a riskFor the fiscal year ended January 31, 2026, about 83% of our revenues and about 80% of our expenses were denominated in USD.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Regulators
U.S. Food and Drug Administration (FDA)
subject tonamed as a riskIn addition, reductions in funding and staffing of government agencies and changes in the funding and eligibility for healthcare programs relevant to the life sciences industry—such as the Food and Drug Administration, the National Institutes of Health, and Medicaid—or changes in funding priorities relevant to the life sciences industry could adversely affect the life sciences industry.Risk factors (Item 1A)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Laws and programs
EU General Data Protection Regulation (GDPR)
subject tonamed as a riskFor example, we are regulated under the European General Data Protection Regulation (“EU GDPR”) and the United Kingdom’s General Data Protection Regulation (“UK GDPR”), as amended by the Data (Use and Access) Act of 2025, where we act as a data controller for our data products and a data processor with respect to our software products.Risk factors (Item 1A)
Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more
EU AI Act
subject tonamed as a riskFurthermore, new and evolving regulations relating to the use of data in AI and machine learning technologies, such as the EU AI Act, are creating an increasingly complex and fragmented regulatory framework.Risk factors (Item 1A)
Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more
Inflation Reduction Act
subject tonamed as a riskSignificant changes in drug pricing policy or regulation could result in lower revenues and profits for life sciences companies and reduced demand for our products.Risk factors (Item 1A)
Also named by AEE, AMGN, ARWR, BIIB, BKNG, BMY, CAH, CI and 26 more
HIPAA
subject tonamed as a riskIn certain cases, we are regulated under the U.S. Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) that covers protected health information collected or maintained by covered entities and their business associates.Risk factors (Item 1A)
Also named by AFL, BAX, BBSI, CI, DHR, DOC, DOCN, DOCU and 19 more
EU Data Act
subject tonamed as a riskIn addition, pursuant to the EU Data Act, which came into effect September 12, 2025, our EU customers may cancel their subscriptions without cause upon providing the notice and after the transition period specified by the Act.Risk factors (Item 1A)
Also named by ADBE, CSGP, DDOG, IOT, KVYO, MSFT, NET, NOW and 6 more
China Personal Information Protection Law (PIPL)
subject tonamed as a riskIn China, we are regulated under China’s Personal Information Protection Law (“PIPL”), where we process data as an entrusted party on behalf of our customers who operate as data handlers.Risk factors (Item 1A)
Also named by ADSK, BSX, DCI, EWBC, FBIN, GTLB, IDCC, KVUE and 2 more
Physician Payments Sunshine Act
subject tonamed as a riskIf our solutions and services fail to assist our customers to meet such reporting obligations in a timely and accurate manner, demand for our solutions could decrease, which could adversely affect our business.Risk factors (Item 1A)
Washington My Health My Data Act
subject tonamed as a riskFor example, in response to the State of Washington’s My Health My Data Act, which placed significant restrictions on how businesses can collect, use, and disclose consumer health data, we added limitations to the audience segments on our Veeva Crossix data platform.Risk factors (Item 1A)
Also named by CART
EU sanctions on Russia
subject tonamed as a riskAdditionally, the European Union adopted sanctions against Russia prohibiting the sale and supply of enterprise software to entities and individuals in Russia.Risk factors (Item 1A)