company VEEV - SteadyBase

steadybase-$ company VEEV

account_id none on file

legal_name Veeva Systems Inc

ticker VEEV

cik 1393052

domain veeva.com

linkedin_company_url https://www.linkedin.com/company/veeva-systems

entry_point_account_id none on file

name Veeva Systems Inc.

exchange NYSE

sector Technology

hq Pleasanton, CA, United States

irhttps://ir.veeva.com/investors/investor-overview/default.aspx

sector index/company/sector/technology/

calls 10 filings 41 executives 9 family 0

why_nownone on file

calls

And then there's about another point coming in to travel and events. We had recently our first in-person field kickoff event in a number of years. So we're kind of getting back to normal, to a normal run rate around getting in front of customers and getting together.

Mar 1, 2023 / receipt, needs a key / Brent Bowman, CFO | earnings call 2023-03-01 | transcript 74bfb683-54dd-42a5-b052-b044bdeb3df5 | chars 11340-11607 | segment 11

And then time will tell on our travel and event savings that we see. We have up 200 basis points in our margin this year. Over time, some of that will come back into play, and time will tell.

Sep 1, 2021 / receipt, needs a key / Brent, CFO | earnings call 2021-09-01 | transcript e0ad0f2f-b7f4-410f-990f-254077ed6f54 | chars 23417-23608 | segment 24

We do expect travel to return to some level normalization.

May 27, 2021 / receipt, needs a key / Peter, CEO | earnings call 2021-05-27 | transcript ee6b2459-43dd-4f75-8997-630c13a5ba84 | chars 22150-22208 | segment 22

Um, you mentioned the return to travel and normalization of some of the operating expenditures.

May 27, 2021 / receipt, needs a key / Drew, other | earnings call 2021-05-27 | transcript ee6b2459-43dd-4f75-8997-630c13a5ba84 | chars 27167-27262 | segment 27

So we're seeing travel start to return to normalization, and that's going to progress, you know, starting, you know, in the next couple months as we work through the balance of the year.

May 27, 2021 / receipt, needs a key / Peter, CEO | earnings call 2021-05-27 | transcript ee6b2459-43dd-4f75-8997-630c13a5ba84 | chars 27459-27645 | segment 27

As a reminder, our operating margin includes roughly a 250 basis point benefit from cost savings related to lower travel and event expenses, which was in line with the previous quarter.

Mar 2, 2021 / receipt, needs a key / Brent Hildebrand, CFO | earnings call 2021-03-02 | transcript a724ccb7-60ab-4194-8780-86e702d0dbb7 | chars 12741-12926 | segment 13

This includes a benefit from reduced travel and events similar to the past three quarters.

Mar 2, 2021 / receipt, needs a key / Brent Hildebrand, CFO | earnings call 2021-03-02 | transcript a724ccb7-60ab-4194-8780-86e702d0dbb7 | chars 13420-13510 | segment 13

We expect travel and event-related expenses to start to increase in the back half of the year.

Mar 2, 2021 / receipt, needs a key / Brent Hildebrand, CFO | earnings call 2021-03-02 | transcript a724ccb7-60ab-4194-8780-86e702d0dbb7 | chars 15443-15537 | segment 15

Q3 Obre margin benefited from roughly 250 basis points of pandemic-related cost savings from reduced travel and customer events that have moved to virtual, a level similar to the previous quarter. We anticipate a comparable benefit to operating margins in Q4 and into the beginning of next year.

Dec 1, 2020 / receipt, needs a key / Brent Bowman, CFO | earnings call 2020-12-01 | transcript 9915ce12-1162-4e91-8634-dab19b84e14d | chars 9929-10224 | segment 10

Second, we're assuming that travel and event-related expenses will start to return at some point next year.

Dec 1, 2020 / receipt, needs a key / Peter Gassner, CEO | earnings call 2020-12-01 | transcript 9915ce12-1162-4e91-8634-dab19b84e14d | chars 14330-14437 | segment 15

filings

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