Discontinued — last reported Q3 '24
Subscription services — Recognition of deferred revenue
Veeva Systems Subscription services — Recognition of deferred revenue increased by 5.9% to $466.00M in Q2 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.7%, from $386.00M to $466.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher service delivery volume and successful execution of existing subscription contracts, while a decrease may signal slowing contract fulfillment or a shift in billing cycles.
Detailed definition
This metric represents the portion of subscription revenue that was previously recorded as a liability and is now recogn...
Peer comparison
Comparable to 'Revenue recognized from deferred revenue' or 'Amortization of deferred revenue' in other SaaS and cloud-based subscription businesses.
veev_segment_subscription_services_recognition_of_deferred_revenueHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $249.00M | $274.00M | $296.00M | $294.00M | $325.00M | $358.00M | $354.00M | $386.00M | $425.00M | $440.00M | $466.00M |
| QoQ Change | — | +10.0% | +8.0% | -0.7% | +10.5% | +10.2% | -1.1% | +9.0% | +10.1% | +3.5% | +5.9% |
| YoY Change | — | — | — | +18.1% | +18.6% | +20.9% | +20.4% | +18.8% | +18.7% | +24.3% | +20.7% |
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Frequently Asked Questions
- What is Veeva Systems's subscription services — recognition of deferred revenue?
- Veeva Systems (VEEV) reported subscription services — recognition of deferred revenue of $466.00M in Q2 2024.
- How has Veeva Systems's subscription services — recognition of deferred revenue changed year-over-year?
- Veeva Systems's subscription services — recognition of deferred revenue increased by 20.7% year-over-year, from $386.00M to $466.00M.
- What does subscription services — recognition of deferred revenue mean?
- The amount of prepaid subscription fees that the company has officially earned by delivering services during the period.