Veeva Systems (VEEV) 10-Q 6 Jun 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2019	May 31, 2019
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	VEEV
Entity Registrant Name	VEEVA SYSTEMS INC
Entity Central Index Key	0001393052
Current Fiscal Year End Date	--01-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Class A common stock [Member]
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		130,074,233
Class B common stock [Member]
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		17,191,374

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Apr. 30, 2019	Jan. 31, 2019
Current assets:
Cash and cash equivalents		$ 748,158	$ 550,971
Short-term investments		581,490	539,190
Accounts receivable, net of allowance for doubtful accounts of $321 and $468, respectively		164,108	303,465
Unbilled accounts receivable		23,366	18,122
Prepaid expenses and other current assets		20,729	21,666
Total current assets		1,537,851	1,433,414
Property and equipment, net	[1]	55,266	54,966
Deferred costs, net		30,621	30,869
Lease right-of-use assets	[1]	15,495
Goodwill		95,804	95,804
Intangible assets, net		22,951	24,521
Deferred income taxes, noncurrent		6,494	5,938
Other long-term assets		11,622	8,254
Total assets		1,776,104	1,653,766
Current liabilities:
Accounts payable		8,361	9,110
Accrued compensation and benefits		15,372	15,324
Accrued expenses and other current liabilities		15,037	16,145
Income tax payable		4,039	4,086
Deferred revenue		363,943	356,357
Lease liabilities	[1]	5,835
Total current liabilities		412,587	401,022
Deferred income taxes, noncurrent		7,300	6,095
Lease liabilities, noncurrent	[1]	13,435
Other long-term liabilities		7,679	8,900
Total liabilities		441,001	416,017
Commitments and contingencies (Note 13)
Stockholders’ equity:
Additional paid-in capital		641,925	617,623
Accumulated other comprehensive income		1,188	928
Retained earnings	[1]	691,989	619,197
Total stockholders’ equity		1,335,103	1,237,749
Total liabilities and stockholders’ equity		1,776,104	1,653,766
Class A common stock [Member]
Stockholders’ equity:
Class A common stock, $0.00001 par value; 800,000,000 shares authorized, 127,826,549 and 125,980,019 issued and outstanding at April 30, 2019 and January 31, 2019, respectively		$ 1	$ 1
[1]	We adopted ASU 2016-02, “Leases” (Topic 842) using the modified retrospective method as of February 1, 2019 and elected the transition option that allows us not to restate the comparative periods in our financial statements in the year of adoption.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Allowance for doubtful accounts	$ 321	$ 468
Class A common stock [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	127,826,549	125,980,019
Common stock, shares outstanding	127,826,549	125,980,019
Class B common stock [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	19,203,915	20,210,060
Common stock, shares outstanding	19,203,915	20,210,060

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018
Revenues:
Revenues		$ 244,752	$ 195,547
Cost of revenues:
Cost of revenues	[1]	65,503	60,155
Gross profit		179,249	135,392
Operating expenses:
Research and development	[1]	44,973	37,197
Sales and marketing	[1]	39,617	34,385
General and administrative	[1]	23,490	19,854
Total operating expenses	[1]	108,080	91,436
Operating income		71,169	43,956
Other income, net		6,161	2,139
Income before income taxes		77,330	46,095
Provision for income taxes		3,881	1,785
Net income		73,449	44,310
Net income attributable to Class A and Class B common stockholders, basic and diluted		$ 73,449	$ 44,310
Net income per share attributable to Class A and Class B common stockholders:
Basic		$ 0.50	$ 0.31
Diluted		$ 0.47	$ 0.29
Weighted-average shares used to compute net income per share attributable to Class A and Class B common stockholders:
Basic		146,708	142,777
Diluted		157,910	154,935
Other comprehensive income:
Net change in unrealized gain on available-for-sale investments		$ 962	$ 305
Net change in cumulative foreign currency translation loss		(702)	(809)
Comprehensive income		73,709	43,806
Subscription services [Member]
Revenues:
Revenues		198,115	156,003
Cost of revenues:
Cost of revenues	[1]	30,378	29,913
Professional services and other [Member]
Revenues:
Revenues		46,637	39,544
Cost of revenues:
Cost of revenues	[1]	$ 35,125	$ 30,242
[1]	Includes stock-based compensation as follows:  Cost of revenues: Cost of subscription services $385 $345 Cost of professional services and other 2,978 2,328 Research and development 6,325 4,667 Sales and marketing 5,152 4,088 General and administrative 5,916 5,583 Total stock-based compensation $20,756 $17,011

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Stock-based compensation	$ 20,756	$ 17,011
Cost of subscription services [Member]
Stock-based compensation	385	345
Cost of professional services and other [Member]
Stock-based compensation	2,978	2,328
Research and development [Member]
Stock-based compensation	6,325	4,667
Sales and marketing [Member]
Stock-based compensation	5,152	4,088
General and administrative [Member]
Stock-based compensation	$ 5,916	$ 5,583

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Class A & B Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
Beginning balance, value at Jan. 31, 2018	$ 906,238	$ 1	$ 515,272	$ 389,365	$ 1,600
Beginning balance, shares at Jan. 31, 2018		142,069,396
Issuance of common stock upon exercise of stock options, value	7,329		7,329
Issuance of common stock upon exercise of stock options, shares		788,378
Issuance of common stock upon vesting of restricted stock units, shares		318,811
Stock-based compensation expense	17,064		17,064
Other comprehensive income	(504)				(504)
Net income	44,310			44,310
Ending balance, value at Apr. 30, 2018	974,437	$ 1	539,665	433,675	1,096
Ending balance, shares at Apr. 30, 2018		143,176,585
Beginning balance, value at Jan. 31, 2019	1,237,749	$ 1	617,623	619,197	928
Beginning balance, shares at Jan. 31, 2019		146,190,079
Cumulative effect adjustment for Topic 842 adoption	(657)			(657)
Issuance of common stock upon exercise of stock options, value	$ 3,439		3,439
Issuance of common stock upon exercise of stock options, shares	526,054	526,054
Issuance of common stock upon vesting of restricted stock units, shares		314,331
Stock-based compensation expense	$ 20,863		20,863
Other comprehensive income	260				260
Net income	73,449			73,449
Ending balance, value at Apr. 30, 2019	$ 1,335,103	$ 1	$ 641,925	$ 691,989	$ 1,188
Ending balance, shares at Apr. 30, 2019		147,030,464

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities
Net income	$ 73,449	$ 44,310
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,438	3,596
Accretion of discount on short-term investments	(1,178)	(179)
Stock-based compensation	20,756	17,011
Amortization of deferred costs	4,849	4,519
Deferred income taxes	418	(50)
(Gain) Loss on foreign currency from mark-to-market derivative	(80)	23
Bad debt expense (recovery)	(153)	236
Changes in operating assets and liabilities:
Accounts receivable	139,510	69,592
Unbilled accounts receivable	(5,244)	(4,287)
Deferred costs	(4,601)	(3,551)
Income taxes	338	(2,496)
Prepaid expenses and other current and long-term assets	(2,759)	(713)
Accounts payable	(416)	1,981
Accrued expenses and other current liabilities	(759)	(2,564)
Deferred revenue	7,914	22,650
Lease liabilities	(1,629)
Other long-term liabilities	436	507
Net cash provided by operating activities	236,289	150,585
Cash flows from investing activities
Purchases of short-term investments	(228,894)	(193,162)
Maturities and sales of short-term investments	188,965	176,544
Purchases of property and equipment	(1,194)	(709)
Capitalized internal-use software development costs	(419)	(230)
Net cash used in investing activities	(41,542)	(17,557)
Cash flows from financing activities
Reduction of lease liabilities - finance leases	(249)
Proceeds from exercise of common stock options	3,391	7,839
Net cash provided by financing activities	3,142	7,839
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(702)	(811)
Net change in cash, cash equivalents, and restricted cash	197,187	140,056
Cash, cash equivalents, and restricted cash at beginning of period	552,178	321,387
Cash, cash equivalents, and restricted cash at end of period	749,365	461,443
Cash, cash equivalents, and restricted cash at end of period:
Cash and cash equivalents	748,158	460,239
Restricted cash included in other long-term assets	1,207	1,204
Cash, cash equivalents, and restricted cash at end of period	749,365	461,443
Supplemental disclosures of other cash flow information:
Cash paid for income taxes, net of refunds	2,383	4,116
Excess tax benefits from employee stock plans	13,552	9,679
Non-cash investing and financing activities:
Changes in accounts payable and accrued expenses related to property and equipment purchases	$ (634)	$ 99

Summary of Business and Signifi

Summary of Business and Significant Accounting Policies	3 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Summary of Business and Significant Accounting Policies	Description of Business Veeva is the leading provider of industry cloud solutions for the global life sciences industry. We were founded in 2007 on the premise that industry-specific cloud solutions could best address the operating challenges and regulatory requirements of life sciences companies. Our solutions are designed to meet the unique needs of our customers and their most strategic business functions—from research and development (R&D) to commercialization. Our solutions are designed to help life sciences companies develop and bring products to market faster and more efficiently, market and sell more effectively, and maintain compliance with government regulations. Veeva is also offering its content and data management solutions to companies in other regulated industries, including consumer goods, chemicals, and cosmetics. Our fiscal year end is January 31. Principles of Consolidation and Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting and include the accounts of our wholly-owned subsidiaries after elimination of intercompany accounts and transactions. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2019, filed on March 28, 2019. There have been no changes to our significant accounting policies described in the annual report that have had a material impact on our condensed consolidated financial statements and related notes. The condensed consolidated balance sheet as of January 31, 2019 included herein was derived from the audited financial statements as of that date. These unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly our financial position, results of operations, comprehensive income and cash flows for the interim periods but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending January 31, 2020 or any other period. Effective February 1, 2019, we adopted the requirements of Topic 842, ASU 2016-02, “Leases” as discussed in this note. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates, judgments and assumptions that affect the condensed consolidated financial statements and the notes thereto. These estimates are based on information available as of the date of the condensed consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to: • the standalone selling price for each distinct performance obligation included in customer contracts with multiple performance obligations; • the valuation of short-term investments and the determination of other-than-temporary impairments; • the realizability of deferred income tax assets and liabilities; and • the fair value of our stock-based awards. As future events cannot be determined with precision, actual results could differ significantly from those estimates. Revenue Recognition We derive our revenues primarily from subscription services and professional services. Subscription services revenues consist of fees from customers accessing our cloud-based software solutions and subscription or license fees for our data solutions. Professional services and other revenues consist primarily of fees from implementation services, configuration, data services, training and managed services related to our solutions. Revenues are recognized when control of these services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. We determine revenue recognition through the following steps: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when, or as, we satisfy a performance obligation. Our subscription services agreements are generally non-cancelable during the term, although customers typically have the right to terminate their agreements for cause in the event of material breach. Subscription Services Revenues Subscription services revenues are recognized ratably over the respective non-cancelable subscription term because of the continuous transfer of control to the customer. Our subscription arrangements are considered service contracts, and the customer does not have the right to take possession of the software. Professional Services and Other Revenues The majority of our professional services arrangements are billed on a time and materials basis and revenues are measured monthly based on time incurred and contractually agreed upon rates. Certain professional services revenues are billed on a fixed fee basis and revenues are typically recognized over time based on the proportion of total services performed. Data services and training revenues are generally recognized as the services are performed. Contracts with Multiple Performance Obligations Some of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately when they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. We determine the standalone selling prices based on our overall pricing objectives, taking into consideration market conditions and other factors, including other groupings such as customer type and geography. Unbilled Accounts Receivable Unbilled accounts receivable is a contract asset related to the delivery of our subscription services and professional services for which the related billings will occur in a future period. Unbilled accounts receivable consists of (i) revenue recognized for professional services performed but not yet billed and (ii) revenue recognized from non-cancelable, multi-year orders in which fees increase annually but for which we are not contractually able to invoice until a future period. Deferred Costs Deferred costs include sales commissions associated with obtaining a contract with a customer. These costs are deferred and then amortized over a period of benefit that we have determined to be three years. We determined the period of benefit by taking into consideration our customer contracts, our technology and other factors. Amortization expense is included in sales and marketing expenses in the accompanying condensed consolidated statements of operations. Deferred Revenue Deferred revenue is a contract liability primarily related to billings or payments received in advance of revenue recognition from our subscription services and, to a lesser extent, professional services and other revenues described above. Deferred revenue is recognized as revenue as we satisfy our performance obligations. We generally invoice our customers in annual or quarterly installments for subscription services. Accordingly, the deferred revenue balance does not generally represent the total contract value of a subscription arrangement. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as noncurrent, which is included in other long-term liabilities on the condensed consolidated balance sheet. Certain Risks and Concentrations of Credit Risk Our revenues are derived from subscription services, professional services and other services delivered primarily to the life sciences industry. We operate in markets that are highly competitive and rapidly changing. Significant technological changes, shifting customer needs, the emergence of competitive products or services with new capabilities and other factors could negatively impact our operating results. Our financial instruments that potentially subject us to concentration of credit risk consist primarily of cash and cash equivalents, short-term investments and trade accounts receivable. Our cash equivalents and short-term investments are held by established financial institutions. We have established guidelines relative to credit ratings, diversification and maturities that seek to maintain safety and liquidity. Deposits in these financial institutions may significantly exceed federally insured limits. We do not require collateral from our customers and generally require payment within 30 to 60 days of billing. We periodically evaluate the collectibility of our accounts receivable and provide an allowance for doubtful accounts as necessary, based on historical experience. Historically, losses related to lack of collectibility have not been material. The following customers individually exceeded 10% of total accounts receivable as of the dates shown: April 30, January 31, 2019 2019 Customer 1 * 17% Customer 2 * 10% Customer 3 10% * * Does not exceed 10%. No single customer represented over 10% of total revenues in the condensed consolidated statements of comprehensive income for the three months ended April 30, 2019 and 2018. New Accounting Pronouncements Adopted in Fiscal 2020 Statement of Stockholders’ Equity In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that have become redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders' equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The final rule was effective November 5, 2018. As permitted by the SEC, we are presenting this analysis beginning in this Form 10-Q for the three months ended April 30, 2019 and 2018. Leases In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which requires lessees to record most leases on their balance sheets but recognize the expenses on their statements of comprehensive income in a manner similar to current accounting rules. Topic 842 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-of-use (ROU) asset for the right to use the underlying asset for the lease term. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. We have adopted this new standard in the first quarter of fiscal 2020 on February 1, 2019 using the effective date as our date of initial application. We adopted Topic 842 using the modified retrospective method as of February 1, 2019 with an immaterial amount of cumulative effect adjustment recorded to our retained earnings as of February 1, 2019. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before February 1, 2019. The new standard provides a number of optional practical expedients in transition. We elected the ‘package of practical expedients,’ which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The new standard also provides practical expedients for an entity’s ongoing accounting. We have elected the short-term lease recognition exemption for all of our leases. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. We did not apply the practical expedient for our office leases, which would have allowed us to combine lease and non-lease components for all of our office leases. However, we have applied the practical expedient for equipment leases, which has allowed us to combine lease and non-lease components for all of our equipment leases. The most significant impact was the recognition of ROU assets and lease liabilities on our balance sheet. Adoption of Topic 842 had no material impact to our condensed consolidated statement of comprehensive income and no material impact to cash provided by or used in operating, financing or investing on our condensed consolidated statement of cash flows.

Short-Term Investments

Short-Term Investments	3 Months Ended
	Apr. 30, 2019
Investments Debt And Equity Securities [Abstract]
Short-Term Investments	At April 30, 2019, short-term investments consisted of the following (in thousands): Gross Gross Estimated Amortized unrealized unrealized fair cost gains losses value Available-for-sale securities: Certificates of deposits $ 3,500 $ 11 $ — $ 3,511 Asset-backed securities 81,578 65 (138 ) 81,505 Commercial paper 13,613 6 — 13,619 Corporate notes and bonds 226,957 526 (206 ) 227,277 Foreign government bonds 1,501 — (8 ) 1,493 U.S. agency obligations 3,000 1 — 3,001 U.S. treasury securities 250,940 152 (8 ) 251,084 Total available-for-sale securities $ 581,089 $ 761 $ (360 ) $ 581,490 At January 31, 2019, short-term investments consisted of the following (in thousands): Gross Gross Estimated Amortized unrealized unrealized fair cost gains losses value Available-for-sale securities: Certificates of deposits $ 6,001 $ 10 $ (1 ) $ 6,010 Asset-backed securities 78,682 13 (300 ) 78,395 Commercial paper 9,118 1 (2 ) 9,117 Corporate notes and bonds 185,409 178 (457 ) 185,130 Foreign government bonds 1,502 — (11 ) 1,491 U.S. agency obligations 15,912 2 (2 ) 15,912 U.S. treasury securities 243,119 78 (62 ) 243,135 Total available-for-sale securities $ 539,743 $ 282 $ (835 ) $ 539,190 The following table summarizes the estimated fair value of our short-term investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of the dates shown (in thousands): April 30, January 31, 2019 2019 Due in one year or less $ 371,297 $ 377,858 Due in greater than one year 210,193 161,332 Total $ 581,490 $ 539,190 We have certain available-for-sale securities in a gross unrealized loss position, some of which have been in that position for more than 12 months. We review our debt securities classified as short-term investments on a regular basis to evaluate whether or not any security has experienced an other-than-temporary decline in fair value. We consider factors such as the length of time and extent to which the market value has been less than the cost, our financial position and near-term prospects and our intent to sell, or whether it is more likely than not we will be required to sell the investment before recovery of the investment’s amortized-cost basis. If we determine that an other-than-temporary decline exists in one of these securities, we would write down the respective investment to fair value. For debt securities, the portion of the write-down related to credit loss would be recognized as other income, net in our condensed consolidated statements of comprehensive income. Any portion not related to credit loss would be included in accumulated other comprehensive income. There were no impairments considered other-than-temporary as of April 30, 2019 and January 31, 2019. The following table shows the fair values of these available-for-sale securities that have been in a gross unrealized loss position for more than 12 months, aggregated by investment category as of April 30, 2019 (in thousands): Gross Fair unrealized value losses Asset-backed securities $ 40,460 $ (138 ) Commercial paper 2,973 — Corporate notes and bonds 53,533 (206 ) Foreign government bonds 1,494 (8 ) U.S. treasury securities 85,774 (8 ) The following table shows the fair values of these available-for-sale securities that have been in a gross unrealized loss position for more than 12 months, aggregated by investment category as of January 31, 2019 (in thousands): Gross Fair unrealized value losses Certificates of deposits $ 999 $ (1 ) Asset-backed securities 69,131 (300 ) Commercial paper 7,155 (2 ) Corporate notes and bonds 121,006 (457 ) Foreign government bonds 1,490 (11 ) U.S. agency obligations 14,928 (2 ) U.S. treasury securities 130,785 (62 )

Deferred Costs

Deferred Costs	3 Months Ended
	Apr. 30, 2019
Deferred Costs [Abstract]
Deferred Costs	Deferred costs, which consist of deferred sales commissions, were $30.6 million and $30.9 million as of April 30, 2019 and January 31, 2019, respectively. For the three months ended April 30, 2019 and 2018, amortization expense for the deferred costs was $4.8 million and $4.5 million, respectively. There have been no impairment losses recorded in relation to the costs capitalized for any period presented.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Apr. 30, 2019
Property Plant And Equipment [Abstract]
Property and Equipment, Net	Property and equipment, net consists of the following as of the dates shown (in thousands): April 30, January 31, 2019 2019 Land $ 3,040 $ 3,040 Building 20,984 20,984 Land improvements and building improvements 20,917 20,911 Equipment and computers 9,217 7,945 Furniture and fixtures 11,385 11,230 Leasehold improvements 7,124 6,790 Construction in progress 341 330 73,008 71,230 Less accumulated depreciation (17,742 ) (16,264 ) Total property and equipment, net $ 55,266 $ 54,966 Total depreciation expense was $2.0 million and $1.6 million for the three months ended April 30, 2019 and 2018, respectively. Land is not depreciated.

Intangible Assets

Intangible Assets	3 Months Ended
	Apr. 30, 2019
Intangible Assets Net Excluding Goodwill [Abstract]
Intangible Assets	The following schedule presents the details of intangible assets as of April 30, 2019 (dollar amounts in thousands): April 30, 2019 Gross Remaining carrying Accumulated useful life amount amortization Net (in years) Existing technology $ 3,880 $ (3,843 ) $ 37 0.9 Database 4,939 (4,609 ) 330 0.9 Customer contracts and relationships 33,643 (13,201 ) 20,442 6.4 Software 10,867 (8,725 ) 2,142 0.9 Brand 1,141 (1,141 ) — — $ 54,470 $ (31,519 ) $ 22,951 The following schedule presents the details of intangible assets as of January 31, 2019 (dollar amounts in thousands): January 31, 2019 Gross Remaining carrying Accumulated useful life amount amortization Net (in years) Existing technology $ 3,880 $ (3,834 ) $ 46 1.2 Database 4,939 (4,521 ) 418 1.2 Customer contracts and relationships 33,643 (12,350 ) 21,293 6.6 Software 10,867 (8,156 ) 2,711 1.2 Brand 1,141 (1,088 ) 53 0.2 $ 54,470 $ (29,949 ) $ 24,521 Amortization expense associated with intangible assets was $1.6 million and $1.8 million for the three months ended April 30, 2019 and 2018, respectively. The estimated amortization expense for intangible assets, for the next five years and thereafter is as follows as of April 30, 2019 (in thousands): Estimated amortization Period expense Remaining for Fiscal 2020 $ 4,492 Fiscal 2021 3,629 Fiscal 2022 3,182 Fiscal 2023 3,182 Fiscal 2024 3,182 Thereafter 5,284 Total $ 22,951

Accrued Expenses

Accrued Expenses	3 Months Ended
	Apr. 30, 2019
Payables And Accruals [Abstract]
Accrued Expenses	Accrued expenses consisted of the following as of the dates shown (in thousands): April 30, January 31, 2019 2019 Accrued commissions $ 1,345 $ 2,633 Accrued bonus 2,905 2,848 Accrued vacation 3,698 3,110 Payroll tax payable 5,168 1,971 Accrued other compensation and benefits 2,256 4,762 Total accrued compensation and benefits $ 15,372 $ 15,324 Accrued fees payable to salesforce.com 5,426 5,242 Accrued third-party professional services subcontractors' fees 1,272 1,619 Taxes payable 3,057 2,805 Other accrued expenses 5,282 6,479 Total accrued expenses and other current liabilities $ 15,037 $ 16,145

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	The carrying amounts of accounts receivable and other current assets, accounts payable and accrued liabilities approximate their fair value due to their short-term nature. Financial assets and liabilities recorded at fair value in the condensed consolidated financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels, which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: Level 1—Observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Financial assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires management to make judgments and considers factors specific to the asset or liability. The following table presents the fair value hierarchy for financial assets measured at fair value on a recurring basis as of April 30, 2019 (in thousands): Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 13,391 $ — $ — $ 13,391 Commercial paper — 3,312 — 3,312 Corporate notes and bonds — 2,130 — 2,130 U.S. treasury securities — 25,068 — 25,068 Short-term investments: Certificates of deposits — 3,511 — 3,511 Asset-backed securities — 81,505 — 81,505 Commercial paper — 13,619 — 13,619 Corporate notes and bonds — 227,277 — 227,277 Foreign government bonds — 1,493 — 1,493 U.S. agency obligations — 3,001 — 3,001 U.S. treasury securities — 251,084 — 251,084 Foreign currency derivative contracts — 64 — 64 Total $ 13,391 $ 612,064 $ — $ 625,455 Liabilities Foreign currency derivative contracts — 71 — 71 Total $ — $ 71 $ — $ 71 The following table presents the fair value hierarchy for financial assets measured at fair value on a recurring basis as of January 31, 2019 (in thousands): Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 39,168 $ — $ — $ 39,168 Corporate notes and bonds — 1,034 — 1,034 U.S. treasury securities — 41,505 — 41,505 Short-term investments: Certificates of deposits — 6,010 — 6,010 Asset-backed securities — 78,395 — 78,395 Commercial paper — 9,117 — 9,117 Corporate notes and bonds — 185,130 — 185,130 Foreign government bonds — 1,491 — 1,491 U.S. agency obligations — 15,912 — 15,912 U.S. treasury securities — 243,135 — 243,135 Total $ 39,168 $ 581,729 $ — $ 620,897 Liabilities Foreign currency derivative contracts — 88 — 88 Total $ — $ 88 $ — $ 88 We determine the fair value of our security holdings based on pricing from our service providers and market prices from industry-standard independent data providers. The valuation techniques used to measure the fair value of financial instruments having Level 2 inputs were derived from non-binding consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. Such market prices may be quoted prices in active markets for identical assets (Level 1 inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level 2 inputs). We perform procedures to ensure that appropriate fair values are recorded such as comparing prices obtained from other sources. Balance Sheet Hedges We enter into foreign currency forward contracts (the “Forward Contracts”) in order to hedge our foreign currency exposure. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into Forward Contracts and holding them to maturity, we are locked into a future currency exchange rate in an amount equal to and for the terms of the Forward Contracts. We account for derivative instruments at fair value with changes in the fair value recorded as a component of other income, net in our condensed consolidated statements of comprehensive income. Cash flows from such forward contracts are classified as operating activities. We recognized immaterial realized foreign currency gains during the three months ended April 30, 2019 on hedging, and gains of $0.5 million during the three months ended April 30, 2018 on hedging, respectively. The fair value of our outstanding derivative instruments is summarized below (in thousands): April 30, January 31, 2019 2019 Notional amount of foreign currency derivative contracts $ (2,544 ) $ (5,112 ) Fair value of foreign currency derivative contracts (2,537 ) (5,024 ) Details on outstanding balance sheet hedges are presented below as of the date shown below (in thousands): April 30, January 31, 2019 2019 Derivative Assets Balance Sheet Location Derivatives not designated as hedging instruments: Foreign currency derivative contracts Prepaid expenses and other current assets $ 64 $ — Derivative Liabilities Derivatives not designated as hedging instruments: Foreign currency derivative contracts Accrued expenses $ 71 $ 88

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	For the three months ended April 30, 2019 and 2018, our effective tax rates were 5.0% and 3.9%, respectively. During the three months ended April 30, 2019 as compared to the prior year period, our effective tax rate increased primarily due to lower proportional excess tax benefits related to equity compensation. We recognized such excess tax benefits in our provision for income taxes of $13.6 million and $9.7 million for the three months ended April 30, 2019 and 2018, respectively. The increase was partially offset by increased tax credits.

Deferred Revenue and Performanc

Deferred Revenue and Performance Obligations	3 Months Ended
	Apr. 30, 2019
Revenue Recognition And Deferred Revenue [Abstract]
Deferred Revenue and Performance Obligations	We recognized $145.8 million of subscription services revenue during the three months ended April 30, 2019 and $116.0 million during the three months ended April 30, 2018, both of which were included in the deferred revenue balances at the beginning of the respective periods. Professional services revenue recognized in the same periods from deferred revenue balances at the beginning of the respective periods was immaterial. Transaction Price Allocated to the Remaining Performance Obligations Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancelable amounts that will be invoiced and recognized as revenues in future periods. We applied the practical expedient in accordance with Accounting Standards Update (ASU) 2014-09, “ Revenue from Contracts with Customers As of April 30, 2019, approximately $716.4 million of revenue is expected to be recognized from remaining performance obligations for subscription services contracts. We expect to recognize revenue on approximately $557.2 million of these remaining performance obligations over the next 12 months, with the balance recognized thereafter.

Leases

Leases	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Leases	We have operating and finance leases for corporate offices, data centers, and certain equipment. Our leases have various expiration dates through 2027, some of which include options to extend the leases for up to nine years. Lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use an estimate of our discount rate based on the information available at the lease commencement date in determining the present value of lease payments, unless the implicit rate is readily determinable. For leases which commenced prior to our adoption of Topic 842, we used the discount rate on February 1, 2019. The lease right-of-use assets also include any lease payments made and exclude lease incentives such as tenant improvement allowances. Options to extend the lease term are included in the lease term when it is reasonably certain that we will exercise the extension option. Our operating leases typically include non-lease components such as common-area maintenance costs. We have elected to exclude non-lease components from lease payments for the purpose of calculating lease right-of-use assets and liabilities. Non-lease components that are not fixed are expensed as incurred as variable lease payments. Leases with a term of one year or less are not recognized on our consolidated balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. For the three months ended April 30, 2019, our operating lease expense was $1.5 million. Our finance lease expense for the three months ended April 30, 2019 was immaterial. Supplemental cash flow information related to leases was as follows (in thousands): Three months ended April 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,507 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 941 Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate): Three months ended April 30, 2019 Operating Leases Lease right-of-use-assets $ 15,495 Lease liabilities $ 4,826 Lease liabilities, noncurrent 12,292 Total operating lease liabilities $ 17,118 Finance Leases Property and equipment, at cost $ 1,741 Accumulated depreciation (326 ) Property and equipment, net $ 1,415 Lease liabilities $ 1,009 Lease liabilities, noncurrent 1,143 Total finance lease liabilities $ 2,152 Weighted Average Remaining Lease Term Operating leases 4.2 years Finance leases 2.1 years Weighted Average Remaining Discount Rate Operating leases 4.3 % Finance leases 4.3 % Maturities of lease liabilities were as follows (in thousands): Period Operating leases Finance leases Remaining for Fiscal 2020 $ 4,102 $ 809 Fiscal 2021 4,806 1,078 Fiscal 2022 4,014 359 Fiscal 2023 2,491 — Fiscal 2024 1,822 — Thereafter 1,494 — Total lease payments 18,729 2,246 Less imputed interest (1,611 ) (94 ) Total $ 17,118 $ 2,152 Future minimum lease payments under non-cancelable operating leases as of January 31, 2019 under ASC 840 were as follows (in thousands): Operating Period leases Fiscal 2020 $ 5,079 Fiscal 2021 4,843 Fiscal 2022 4,063 Fiscal 2023 2,534 Fiscal 2024 1,884 Thereafter 1,495 Total $ 19,898 As of April 30, 2019, we have additional operating leases, primarily for office leases, that have not yet commenced of $2.8 million. These operating leases will commence during the current fiscal year ending January 31, 2020 with lease terms of less than one year to eight years.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders' Equity	Beginning in the fiscal quarter ended April 30, 2019, we implemented a new equity compensation program applicable to the vast majority of our employees but not applicable to our Chief Executive Officer (CEO). Prior to the adoption of the new equity compensation program, at the time of hire, our employees received a grant of RSUs that vested quarterly over four years and received additional equity from time to time thereafter. Under the new equity compensation program, the vast majority of our employees are granted both RSUs, which typically vest over a one-year period or less, and stock options, which typically vest over a four-year period. Stock Option Activity A summary of stock option activity for the three months ended April 30, 2019 is as follows: Weighted Weighted average average remaining Aggregate Number exercise contractual intrinsic of shares price term (in years) value Options outstanding at January 31, 2019 12,961,397 $ 19.43 5.4 $ 1,161,695,032 Options granted 1,314,375 134.33 Options exercised (526,054 ) 6.54 Options forfeited/cancelled (50,554 ) 23.31 Options outstanding at April 30, 2019 13,699,164 $ 30.94 5.6 $ 1,492,280,464 Options vested and exercisable at April 30, 2019 6,507,470 $ 5.67 3.9 $ 873,300,598 Options vested and exercisable at April 30, 2019 and expected to vest thereafter 13,699,164 $ 30.94 5.6 $ 1,492,280,464 During the three months ended April 30, 2019, we granted 1,314,375 stock options under the 2013 Equity Incentive Plan (2013 EIP), which reflects grants predominantly made in connection with our annual performance review cycle. The weighted average grant-date fair value of options granted was $58.29 for the three months ended April 30, 2019. As of April 30, 2019, there was $163.6 million in unrecognized compensation cost related to unvested stock options granted under the 2007 Stock Plan, 2012 Equity Incentive Plan and 2013 EIP. This cost is expected to be recognized over a weighted average period of 3.9 years. As of April 30, 2019, we had authorized and unissued shares of common stock sufficient to satisfy exercises of stock options. The total intrinsic value of options exercised was approximately $60.8 million for the three months ended April 30, 2019. Restricted Stock Units A summary of restricted stock unit (RSU) activity for the three months ended April 30, 2019 is as follows: Unreleased restricted Weighted average grant stock units date fair value Balance at January 31, 2019 2,359,132 $ 54.73 RSUs granted 193,773 131.26 RSUs vested (314,302 ) 45.19 RSUs forfeited/cancelled (68,696 ) 54.50 Balance at April 30, 2019 2,169,907 $ 62.95 During the three months ended April 30, 2019, we granted 193,773 RSUs under the 2013 EIP with a weighted-average grant date fair value of $131.26. As of April 30, 2019, there was a total of $126.4 million in unrecognized compensation cost related to unvested RSUs. This cost is expected to be recognized over a weighted-average period of approximately 2.1 years. The total intrinsic value of RSUs vested was $37.7 million for the three months ended April 30, 2019. Stock-Based Compensation Compensation expense related to share-based transactions, including equity awards to employees and non-employee directors, is measured and recognized in the condensed consolidated financial statements based on fair value. The grant date fair value of each option award is estimated on the grant date using the Monte Carlo simulation or Black-Scholes option-pricing model. The stock-based compensation expense is recognized using a straight-line basis over the requisite service periods of the awards, which is generally four to nine years. For RSUs, the grant date fair value is based on the closing price of our common stock on the grant date. Our option-pricing model requires the input of subjective assumptions, including the fair value of the underlying common stock, the expected term of the option, the expected volatility of the price of our common stock, risk-free interest rates, and the expected dividend yield of our common stock. The assumptions used in our option-pricing model represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment. If factors change and different assumptions are used, our stock-based compensation expense could be materially different in the future. The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented: Three months ended April 30, 2019 2018 Volatility 41% 41% Expected term (in years) 5.75 - 6.35 6.35 Risk-free interest rate 2.36 - 2.52% 2.73% Dividend yield 0% 0% During the fiscal year ended January 31, 2018, we granted 2,838,635 stock options to our CEO. The stock option award is made up of five separate tranches. The first tranche vests over time, while the remaining four tranches vest based on certain stock price targets (market conditions). The grant date fair values of each tranche were calculated using a Monte Carlo simulation model. We have based our expected term on the historical stock activity behavior of our CEO. The following table provides the assumptions used in the Monte Carlo simulation for each tranche granted: Volatility 41 % Expected term (in years) 10.00 Risk-free interest rate 2.53 % Dividend yield 0 % For the periods presented, we capitalized an immaterial amount of stock-based compensation as part of our internal-use software capitalization.

Net Income per Share Attributab

Net Income per Share Attributable to Common Stockholders	3 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Net Income per Share Attributable to Common Stockholders	We compute net income per share of our Class A and Class B common stock using the two-class method required for participating securities. We consider unvested shares issued upon the early exercise of options to be participating securities as the holders of these shares have a non-forfeitable right to dividends in the event of our declaration of a dividend for common shares. Under the two-class method, net income attributable to common stockholders is determined by allocating undistributed earnings, calculated as net income, less earnings attributable to participating securities. The net income per share attributable to common stockholders is allocated based on the contractual participation rights of the Class A common stock and Class B common stock as if the income for the year has been distributed. As the liquidation and dividend rights are identical, the net income attributable to common stockholders is allocated on a proportionate basis. Basic net income per share of common stock is computed by dividing the net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. All participating securities are excluded from the basic weighted-average shares of common stock outstanding. Unvested shares of common stock resulting from the early exercises of stock options are excluded from the calculation of the weighted-average shares of common stock until they vest as they are subject to repurchase until they are vested. The unvested shares of common stock resulting from early exercises of stock options accounted for all of our participating securities. Diluted net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the weighted-average shares outstanding, including potentially dilutive shares of common equivalents outstanding during the period. The dilutive effect of potential shares of common stock are determined using the treasury stock method. Undistributed net income for a given period is apportioned to participating securities based on the weighted-average shares of each class of common stock outstanding during the applicable period as a percentage of the total weighted-average shares outstanding during the same period. For purposes of the diluted net income per share attributable to common stockholders calculation, unvested shares of common stock resulting from the early exercises of stock options and unvested options to purchase common stock are considered to be potentially dilutive shares of common stock. In addition, the computation of the fully diluted net income per share of Class A common stock assumes the conversion from Class B common stock, while the fully diluted net income per share of Class B common stock does not assume the conversion of those shares. The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in thousands, except per share data): Three months ended April 30, 2019 2018 Class A Class B Class A Class B Basic Numerator Net income $ 63,652 $ 9,797 $ 36,830 $ 7,480 Undistributed earnings allocated to participating securities — — — — Net income attributable to common stockholders, basic $ 63,652 $ 9,797 $ 36,830 $ 7,480 Denominator Weighted average shares used in computing net income per share attributable to common stockholders, basic 127,139 19,569 118,675 24,102 Net income per share attributable to common stockholders, basic $ 0.50 $ 0.50 $ 0.31 $ 0.31 Diluted Numerator Net income attributable to common stockholders, basic $ 63,652 $ 9,797 $ 36,830 $ 7,480 Reallocation as a result of conversion of Class B to Class A common stock: Net income attributable to common stockholders, basic 9,797 — 7,480 — Reallocation of net income to Class B common stock — 4,516 — 2,890 Net income attributable to common stockholders, diluted $ 73,449 $ 14,313 $ 44,310 $ 10,370 Denominator Number of shares used for basic EPS computation 127,139 19,569 118,675 24,102 Conversion of Class B to Class A common stock 19,569 — 24,102 — Effect of potentially dilutive common shares 11,202 11,202 12,158 12,158 Weighted average shares used in computing net income per share attributable to common stockholders, diluted 157,910 30,771 154,935 36,260 Net income per share attributable to common stockholders, diluted $ 0.47 $ 0.47 $ 0.29 $ 0.29 Potential common share equivalents excluded where the inclusion would be anti-dilutive are as follows: Three months ended April 30, 2019 2018 Options and awards to purchase shares not included in the computation of diluted net income per share because their inclusion would be anti-dilutive 376,944 3,062,246

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Litigation IQVIA Litigation Matter. On January 10, 2017, IQVIA Inc. (formerly Quintiles IMS Incorporated) and IMS Software Services, Ltd. (collectively, “IQVIA”) filed a complaint against us in the U.S. District Court for the District of New Jersey ( IQVIA Inc. v. Veeva Systems Inc. On March 13, 2017, we filed our answer and counterclaims in the IQVIA action. Our counterclaims allege that IQVIA has abused monopoly power as the dominant provider of data products for life sciences companies to exclude Veeva OpenData and Veeva Network from their respective markets. The counterclaims allege that IQVIA has engaged in various tactics to prevent customers from using our applications and has deliberately raised costs and difficulty for customers attempting to switch from IQVIA to our data products. As amended, our counterclaims assert federal and state antitrust claims, as well as claims under California’s Unfair Practices Act and common law claims for intentional interference with contractual relations, intentional interference with prospective economic advantage, and negligent misrepresentation. The counterclaims seek injunctive relief, monetary damages exceeding $200 million, and attorneys’ fees. On May 3, 2017, in lieu of filing an answer, IQVIA filed a motion to dismiss our counterclaims. On October 3, 2018, the court denied IQVIA’s motion to dismiss and our antitrust claims will proceed. In addition, on December 3, 2018, we filed an amended answer and counterclaims. IQVIA filed its answer and affirmative defenses on December 21, 2018. There are no motions currently pending in the IQVIA case that have the potential to end the case prior to trial. Discovery in the IQVIA litigation is currently in process. Although no trial date has been set, we expect, based on the current case schedule, that trial could take place in late 2020 or early 2021. While it is not possible at this time to predict with any degree of certainty the ultimate outcome of this action, and we are unable to make a meaningful estimate of the amount or range of loss, if any, that could result from any unfavorable outcome, we believe that IQVIA’s claims lack merit. Medidata Litigation Matter. On January 26, 2017, Medidata Solutions, Inc. filed a complaint in the U.S. District Court for the Southern District of New York ( Medidata Solutions, Inc. v. Veeva Systems Inc. et al. Veeva filed a motion to compel the entire matter to arbitration, which the district court denied. We appealed the district court’s order to the U.S. Court of Appeals for the Second Circuit, which upheld the lower court’s ruling. Veeva also filed a motion to dismiss Medidata’s complaint, which the district court also denied. Neither motion, nor the district court orders denying them, are conclusory with respect to the merits of Medidata’s allegations but rather only require that Veeva answer Medidata’s complaint. Veeva filed its answer on December 10, 2018. There are no motions currently pending in the Medidata case that have the potential to end the case prior to trial. Discovery in the Medidata litigation is currently in process and no trial date has been set. While it is not possible at this time to predict with any degree of certainty the ultimate outcome of this action, and we are unable to make a meaningful estimate of the amount or range of loss, if any, that could result from any unfavorable outcome, we believe that Medidata’s claims lack merit. Other Litigation Matters From time to time, we may be involved in other legal proceedings and subject to claims incident to the ordinary course of business. Although the results of such legal proceedings and claims cannot be predicted with certainty, we believe we are not currently a party to any other legal proceedings, the outcome of which, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, cash flows or financial position. Regardless of the outcome, such proceedings can have an adverse impact on us because of defense and settlement costs, diversion of resources and other factors, and there can be no assurances that favorable outcomes will be obtained. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment or remediation can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. Value-Added Reseller Agreement We have a value-added reseller agreement with salesforce.com, inc. for our use of the Salesforce1 Platform in combination with our developed technology to deliver certain of our multichannel CRM applications, including hosting infrastructure and data center operations provided by salesforce.com. The agreement, as amended, requires that we meet minimum order commitments of $500 million over the term of the agreement, which ends on September 1, 2025, including “true-up” payments if the orders we place with salesforce.com have not equaled or exceeded the following aggregate amounts within the timeframes indicated: (i) $250 million for the period from March 1, 2014 to September 1, 2020 and (ii) the full amount of $500 million by September 1, 2025. We have met our first minimum order requirement commitment of $250 million, and as of April 30, 2019, we remained obligated to pay fees of at least $198.0 million prior to September 1, 2025 in connection with this agreement.

Revenues by Product

Revenues by Product	3 Months Ended
	Apr. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenues by Product	Our industry cloud solutions are grouped into two key product areas—Veeva Commercial Cloud and Veeva Vault. Veeva Commercial Cloud is a suite of multichannel CRM applications, territory allocation and alignment applications, master data management applications, and customer reference and key opinion leader data and services. Veeva Vault is a unified suite of cloud-based, enterprise content and data management applications. Total revenues consist of the following (in thousands): Three Months Ended April 30, 2019 2018 Subscription services Veeva Commercial Cloud $ 105,796 $ 93,109 Veeva Vault ( 1) 92,319 62,894 Total subscription services $ 198,115 $ 156,003 Professional services Veeva Commercial Cloud $ 17,221 $ 16,161 Veeva Vault ( 1) 29,416 23,383 Total professional services $ 46,637 $ 39,544 Total revenues $ 244,752 $ 195,547 (1) Veeva Vault revenues includes revenue from legacy Zinc Ahead products.

Information about Geographic Ar

Information about Geographic Areas	3 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Information about Geographic Areas	We track and allocate revenues by principal geographic area rather than by individual country, which makes it impractical to disclose revenues for the United States or other specific foreign countries. We measure subscription services revenue primarily by the estimated location of the end users in each geographic area for Veeva Commercial Cloud and primarily by the estimated location of usage in each geographic area for Veeva Vault. We measure professional services revenue primarily by the location of the resources performing the professional services. Total revenues by geographic area were as follows for the periods shown below (in thousands): Three months ended April 30, 2019 2018 Revenues by geography North America $ 132,131 $ 109,277 Europe and other 78,254 56,982 Asia Pacific 34,367 29,288 Total revenues $ 244,752 $ 195,547 Long-lived assets by geographic area are as follows as of the periods shown below (in thousands): April 30, January 31, 2019 2019 Long-lived assets by geography North America $ 50,854 $ 51,748 Europe and other 3,012 1,783 Asia Pacific 1,400 1,435 Total long-lived assets $ 55,266 $ 54,966

Summary of Business and Signi_2

Summary of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Description of Business	Description of Business Veeva is the leading provider of industry cloud solutions for the global life sciences industry. We were founded in 2007 on the premise that industry-specific cloud solutions could best address the operating challenges and regulatory requirements of life sciences companies. Our solutions are designed to meet the unique needs of our customers and their most strategic business functions—from research and development (R&D) to commercialization. Our solutions are designed to help life sciences companies develop and bring products to market faster and more efficiently, market and sell more effectively, and maintain compliance with government regulations. Veeva is also offering its content and data management solutions to companies in other regulated industries, including consumer goods, chemicals, and cosmetics. Our fiscal year end is January 31.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting and include the accounts of our wholly-owned subsidiaries after elimination of intercompany accounts and transactions. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2019, filed on March 28, 2019. There have been no changes to our significant accounting policies described in the annual report that have had a material impact on our condensed consolidated financial statements and related notes. The condensed consolidated balance sheet as of January 31, 2019 included herein was derived from the audited financial statements as of that date. These unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly our financial position, results of operations, comprehensive income and cash flows for the interim periods but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending January 31, 2020 or any other period. Effective February 1, 2019, we adopted the requirements of Topic 842, ASU 2016-02, “Leases” as discussed in this note.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates, judgments and assumptions that affect the condensed consolidated financial statements and the notes thereto. These estimates are based on information available as of the date of the condensed consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to: • the standalone selling price for each distinct performance obligation included in customer contracts with multiple performance obligations; • the valuation of short-term investments and the determination of other-than-temporary impairments; • the realizability of deferred income tax assets and liabilities; and • the fair value of our stock-based awards. As future events cannot be determined with precision, actual results could differ significantly from those estimates.
Revenue Recognition	Revenue Recognition We derive our revenues primarily from subscription services and professional services. Subscription services revenues consist of fees from customers accessing our cloud-based software solutions and subscription or license fees for our data solutions. Professional services and other revenues consist primarily of fees from implementation services, configuration, data services, training and managed services related to our solutions. Revenues are recognized when control of these services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. We determine revenue recognition through the following steps: • Identification of the contract, or contracts, with a customer; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; and • Recognition of revenue when, or as, we satisfy a performance obligation. Our subscription services agreements are generally non-cancelable during the term, although customers typically have the right to terminate their agreements for cause in the event of material breach. Subscription Services Revenues Subscription services revenues are recognized ratably over the respective non-cancelable subscription term because of the continuous transfer of control to the customer. Our subscription arrangements are considered service contracts, and the customer does not have the right to take possession of the software. Professional Services and Other Revenues The majority of our professional services arrangements are billed on a time and materials basis and revenues are measured monthly based on time incurred and contractually agreed upon rates. Certain professional services revenues are billed on a fixed fee basis and revenues are typically recognized over time based on the proportion of total services performed. Data services and training revenues are generally recognized as the services are performed. Contracts with Multiple Performance Obligations Some of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately when they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. We determine the standalone selling prices based on our overall pricing objectives, taking into consideration market conditions and other factors, including other groupings such as customer type and geography. Unbilled Accounts Receivable Unbilled accounts receivable is a contract asset related to the delivery of our subscription services and professional services for which the related billings will occur in a future period. Unbilled accounts receivable consists of (i) revenue recognized for professional services performed but not yet billed and (ii) revenue recognized from non-cancelable, multi-year orders in which fees increase annually but for which we are not contractually able to invoice until a future period.
Deferred Costs	Deferred Costs Deferred costs include sales commissions associated with obtaining a contract with a customer. These costs are deferred and then amortized over a period of benefit that we have determined to be three years. We determined the period of benefit by taking into consideration our customer contracts, our technology and other factors. Amortization expense is included in sales and marketing expenses in the accompanying condensed consolidated statements of operations.
Deferred Revenue	Deferred Revenue Deferred revenue is a contract liability primarily related to billings or payments received in advance of revenue recognition from our subscription services and, to a lesser extent, professional services and other revenues described above. Deferred revenue is recognized as revenue as we satisfy our performance obligations. We generally invoice our customers in annual or quarterly installments for subscription services. Accordingly, the deferred revenue balance does not generally represent the total contract value of a subscription arrangement. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as noncurrent, which is included in other long-term liabilities on the condensed consolidated balance sheet.
Certain Risks and Concentrations of Credit Risk	Certain Risks and Concentrations of Credit Risk Our revenues are derived from subscription services, professional services and other services delivered primarily to the life sciences industry. We operate in markets that are highly competitive and rapidly changing. Significant technological changes, shifting customer needs, the emergence of competitive products or services with new capabilities and other factors could negatively impact our operating results. Our financial instruments that potentially subject us to concentration of credit risk consist primarily of cash and cash equivalents, short-term investments and trade accounts receivable. Our cash equivalents and short-term investments are held by established financial institutions. We have established guidelines relative to credit ratings, diversification and maturities that seek to maintain safety and liquidity. Deposits in these financial institutions may significantly exceed federally insured limits. We do not require collateral from our customers and generally require payment within 30 to 60 days of billing. We periodically evaluate the collectibility of our accounts receivable and provide an allowance for doubtful accounts as necessary, based on historical experience. Historically, losses related to lack of collectibility have not been material. The following customers individually exceeded 10% of total accounts receivable as of the dates shown: April 30, January 31, 2019 2019 Customer 1 * 17% Customer 2 * 10% Customer 3 10% * * Does not exceed 10%. No single customer represented over 10% of total revenues in the condensed consolidated statements of comprehensive income for the three months ended April 30, 2019 and 2018.
New Accounting Pronouncements Adopted in Fiscal 2020	New Accounting Pronouncements Adopted in Fiscal 2020 Statement of Stockholders’ Equity In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that have become redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders' equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The final rule was effective November 5, 2018. As permitted by the SEC, we are presenting this analysis beginning in this Form 10-Q for the three months ended April 30, 2019 and 2018. Leases In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which requires lessees to record most leases on their balance sheets but recognize the expenses on their statements of comprehensive income in a manner similar to current accounting rules. Topic 842 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-of-use (ROU) asset for the right to use the underlying asset for the lease term. The updated guidance is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. We have adopted this new standard in the first quarter of fiscal 2020 on February 1, 2019 using the effective date as our date of initial application. We adopted Topic 842 using the modified retrospective method as of February 1, 2019 with an immaterial amount of cumulative effect adjustment recorded to our retained earnings as of February 1, 2019. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before February 1, 2019. The new standard provides a number of optional practical expedients in transition. We elected the ‘package of practical expedients,’ which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The new standard also provides practical expedients for an entity’s ongoing accounting. We have elected the short-term lease recognition exemption for all of our leases. This means, for those leases that qualify, we will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. We did not apply the practical expedient for our office leases, which would have allowed us to combine lease and non-lease components for all of our office leases. However, we have applied the practical expedient for equipment leases, which has allowed us to combine lease and non-lease components for all of our equipment leases. The most significant impact was the recognition of ROU assets and lease liabilities on our balance sheet. Adoption of Topic 842 had no material impact to our condensed consolidated statement of comprehensive income and no material impact to cash provided by or used in operating, financing or investing on our condensed consolidated statement of cash flows.
Net Income per Share Attributable to Common Stockholders	We compute net income per share of our Class A and Class B common stock using the two-class method required for participating securities. We consider unvested shares issued upon the early exercise of options to be participating securities as the holders of these shares have a non-forfeitable right to dividends in the event of our declaration of a dividend for common shares. Under the two-class method, net income attributable to common stockholders is determined by allocating undistributed earnings, calculated as net income, less earnings attributable to participating securities. The net income per share attributable to common stockholders is allocated based on the contractual participation rights of the Class A common stock and Class B common stock as if the income for the year has been distributed. As the liquidation and dividend rights are identical, the net income attributable to common stockholders is allocated on a proportionate basis. Basic net income per share of common stock is computed by dividing the net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. All participating securities are excluded from the basic weighted-average shares of common stock outstanding. Unvested shares of common stock resulting from the early exercises of stock options are excluded from the calculation of the weighted-average shares of common stock until they vest as they are subject to repurchase until they are vested. The unvested shares of common stock resulting from early exercises of stock options accounted for all of our participating securities. Diluted net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the weighted-average shares outstanding, including potentially dilutive shares of common equivalents outstanding during the period. The dilutive effect of potential shares of common stock are determined using the treasury stock method. Undistributed net income for a given period is apportioned to participating securities based on the weighted-average shares of each class of common stock outstanding during the applicable period as a percentage of the total weighted-average shares outstanding during the same period. For purposes of the diluted net income per share attributable to common stockholders calculation, unvested shares of common stock resulting from the early exercises of stock options and unvested options to purchase common stock are considered to be potentially dilutive shares of common stock. In addition, the computation of the fully diluted net income per share of Class A common stock assumes the conversion from Class B common stock, while the fully diluted net income per share of Class B common stock does not assume the conversion of those shares.

Summary of Business and Signi_3

Summary of Business and Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Schedule of Certain Risks and Concentrations of Credit Risk	The following customers individually exceeded 10% of total accounts receivable as of the dates shown: April 30, January 31, 2019 2019 Customer 1 * 17% Customer 2 * 10% Customer 3 10% * * Does not exceed 10%.

Short-Term Investments (Tables)

Short-Term Investments (Tables)	3 Months Ended
	Apr. 30, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Short-Term Investments	At April 30, 2019, short-term investments consisted of the following (in thousands): Gross Gross Estimated Amortized unrealized unrealized fair cost gains losses value Available-for-sale securities: Certificates of deposits $ 3,500 $ 11 $ — $ 3,511 Asset-backed securities 81,578 65 (138 ) 81,505 Commercial paper 13,613 6 — 13,619 Corporate notes and bonds 226,957 526 (206 ) 227,277 Foreign government bonds 1,501 — (8 ) 1,493 U.S. agency obligations 3,000 1 — 3,001 U.S. treasury securities 250,940 152 (8 ) 251,084 Total available-for-sale securities $ 581,089 $ 761 $ (360 ) $ 581,490 At January 31, 2019, short-term investments consisted of the following (in thousands): Gross Gross Estimated Amortized unrealized unrealized fair cost gains losses value Available-for-sale securities: Certificates of deposits $ 6,001 $ 10 $ (1 ) $ 6,010 Asset-backed securities 78,682 13 (300 ) 78,395 Commercial paper 9,118 1 (2 ) 9,117 Corporate notes and bonds 185,409 178 (457 ) 185,130 Foreign government bonds 1,502 — (11 ) 1,491 U.S. agency obligations 15,912 2 (2 ) 15,912 U.S. treasury securities 243,119 78 (62 ) 243,135 Total available-for-sale securities $ 539,743 $ 282 $ (835 ) $ 539,190
Summary of Estimated Fair Value of Short-Term Investments, Designated as Available-for-Sale and Classified by Contractual Maturity	The following table summarizes the estimated fair value of our short-term investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of the dates shown (in thousands): April 30, January 31, 2019 2019 Due in one year or less $ 371,297 $ 377,858 Due in greater than one year 210,193 161,332 Total $ 581,490 $ 539,190
Schedule of Fair Values and Gross Unrealized Loss Position of Available-for-Sale Securities Aggregated by Investment Category	The following table shows the fair values of these available-for-sale securities that have been in a gross unrealized loss position for more than 12 months, aggregated by investment category as of April 30, 2019 (in thousands): Gross Fair unrealized value losses Asset-backed securities $ 40,460 $ (138 ) Commercial paper 2,973 — Corporate notes and bonds 53,533 (206 ) Foreign government bonds 1,494 (8 ) U.S. treasury securities 85,774 (8 ) The following table shows the fair values of these available-for-sale securities that have been in a gross unrealized loss position for more than 12 months, aggregated by investment category as of January 31, 2019 (in thousands): Gross Fair unrealized value losses Certificates of deposits $ 999 $ (1 ) Asset-backed securities 69,131 (300 ) Commercial paper 7,155 (2 ) Corporate notes and bonds 121,006 (457 ) Foreign government bonds 1,490 (11 ) U.S. agency obligations 14,928 (2 ) U.S. treasury securities 130,785 (62 )

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Apr. 30, 2019
Property Plant And Equipment [Abstract]
Components of Property and Equipment, Net	Property and equipment, net consists of the following as of the dates shown (in thousands): April 30, January 31, 2019 2019 Land $ 3,040 $ 3,040 Building 20,984 20,984 Land improvements and building improvements 20,917 20,911 Equipment and computers 9,217 7,945 Furniture and fixtures 11,385 11,230 Leasehold improvements 7,124 6,790 Construction in progress 341 330 73,008 71,230 Less accumulated depreciation (17,742 ) (16,264 ) Total property and equipment, net $ 55,266 $ 54,966

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2019
Intangible Assets Net Excluding Goodwill [Abstract]
Details of Intangible Assets	The following schedule presents the details of intangible assets as of April 30, 2019 (dollar amounts in thousands): April 30, 2019 Gross Remaining carrying Accumulated useful life amount amortization Net (in years) Existing technology $ 3,880 $ (3,843 ) $ 37 0.9 Database 4,939 (4,609 ) 330 0.9 Customer contracts and relationships 33,643 (13,201 ) 20,442 6.4 Software 10,867 (8,725 ) 2,142 0.9 Brand 1,141 (1,141 ) — — $ 54,470 $ (31,519 ) $ 22,951 The following schedule presents the details of intangible assets as of January 31, 2019 (dollar amounts in thousands): January 31, 2019 Gross Remaining carrying Accumulated useful life amount amortization Net (in years) Existing technology $ 3,880 $ (3,834 ) $ 46 1.2 Database 4,939 (4,521 ) 418 1.2 Customer contracts and relationships 33,643 (12,350 ) 21,293 6.6 Software 10,867 (8,156 ) 2,711 1.2 Brand 1,141 (1,088 ) 53 0.2 $ 54,470 $ (29,949 ) $ 24,521
Estimated Amortization Expense	The estimated amortization expense for intangible assets, for the next five years and thereafter is as follows as of April 30, 2019 (in thousands): Estimated amortization Period expense Remaining for Fiscal 2020 $ 4,492 Fiscal 2021 3,629 Fiscal 2022 3,182 Fiscal 2023 3,182 Fiscal 2024 3,182 Thereafter 5,284 Total $ 22,951

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Apr. 30, 2019
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of the dates shown (in thousands): April 30, January 31, 2019 2019 Accrued commissions $ 1,345 $ 2,633 Accrued bonus 2,905 2,848 Accrued vacation 3,698 3,110 Payroll tax payable 5,168 1,971 Accrued other compensation and benefits 2,256 4,762 Total accrued compensation and benefits $ 15,372 $ 15,324 Accrued fees payable to salesforce.com 5,426 5,242 Accrued third-party professional services subcontractors' fees 1,272 1,619 Taxes payable 3,057 2,805 Other accrued expenses 5,282 6,479 Total accrued expenses and other current liabilities $ 15,037 $ 16,145

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the fair value hierarchy for financial assets measured at fair value on a recurring basis as of April 30, 2019 (in thousands): Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 13,391 $ — $ — $ 13,391 Commercial paper — 3,312 — 3,312 Corporate notes and bonds — 2,130 — 2,130 U.S. treasury securities — 25,068 — 25,068 Short-term investments: Certificates of deposits — 3,511 — 3,511 Asset-backed securities — 81,505 — 81,505 Commercial paper — 13,619 — 13,619 Corporate notes and bonds — 227,277 — 227,277 Foreign government bonds — 1,493 — 1,493 U.S. agency obligations — 3,001 — 3,001 U.S. treasury securities — 251,084 — 251,084 Foreign currency derivative contracts — 64 — 64 Total $ 13,391 $ 612,064 $ — $ 625,455 Liabilities Foreign currency derivative contracts — 71 — 71 Total $ — $ 71 $ — $ 71 The following table presents the fair value hierarchy for financial assets measured at fair value on a recurring basis as of January 31, 2019 (in thousands): Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 39,168 $ — $ — $ 39,168 Corporate notes and bonds — 1,034 — 1,034 U.S. treasury securities — 41,505 — 41,505 Short-term investments: Certificates of deposits — 6,010 — 6,010 Asset-backed securities — 78,395 — 78,395 Commercial paper — 9,117 — 9,117 Corporate notes and bonds — 185,130 — 185,130 Foreign government bonds — 1,491 — 1,491 U.S. agency obligations — 15,912 — 15,912 U.S. treasury securities — 243,135 — 243,135 Total $ 39,168 $ 581,729 $ — $ 620,897 Liabilities Foreign currency derivative contracts — 88 — 88 Total $ — $ 88 $ — $ 88
Summary Fair Value of Outstanding Derivative Instruments	The fair value of our outstanding derivative instruments is summarized below (in thousands): April 30, January 31, 2019 2019 Notional amount of foreign currency derivative contracts $ (2,544 ) $ (5,112 ) Fair value of foreign currency derivative contracts (2,537 ) (5,024 )
Summary of Outstanding Balance Sheet Hedges	Details on outstanding balance sheet hedges are presented below as of the date shown below (in thousands): April 30, January 31, 2019 2019 Derivative Assets Balance Sheet Location Derivatives not designated as hedging instruments: Foreign currency derivative contracts Prepaid expenses and other current assets $ 64 $ — Derivative Liabilities Derivatives not designated as hedging instruments: Foreign currency derivative contracts Accrued expenses $ 71 $ 88

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows (in thousands): Three months ended April 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,507 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 941
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate): Three months ended April 30, 2019 Operating Leases Lease right-of-use-assets $ 15,495 Lease liabilities $ 4,826 Lease liabilities, noncurrent 12,292 Total operating lease liabilities $ 17,118 Finance Leases Property and equipment, at cost $ 1,741 Accumulated depreciation (326 ) Property and equipment, net $ 1,415 Lease liabilities $ 1,009 Lease liabilities, noncurrent 1,143 Total finance lease liabilities $ 2,152 Weighted Average Remaining Lease Term Operating leases 4.2 years Finance leases 2.1 years Weighted Average Remaining Discount Rate Operating leases 4.3 % Finance leases 4.3 %
Maturities of Lease Liabilities	Maturities of lease liabilities were as follows (in thousands): Period Operating leases Finance leases Remaining for Fiscal 2020 $ 4,102 $ 809 Fiscal 2021 4,806 1,078 Fiscal 2022 4,014 359 Fiscal 2023 2,491 — Fiscal 2024 1,822 — Thereafter 1,494 — Total lease payments 18,729 2,246 Less imputed interest (1,611 ) (94 ) Total $ 17,118 $ 2,152
Future Minimum Lease Payments Under Non-cancelable Operating Leases Under ASU 840	Future minimum lease payments under non-cancelable operating leases as of January 31, 2019 under ASC 840 were as follows (in thousands): Operating Period leases Fiscal 2020 $ 5,079 Fiscal 2021 4,843 Fiscal 2022 4,063 Fiscal 2023 2,534 Fiscal 2024 1,884 Thereafter 1,495 Total $ 19,898

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2019
Summary of Stock Option Activity	A summary of stock option activity for the three months ended April 30, 2019 is as follows: Weighted Weighted average average remaining Aggregate Number exercise contractual intrinsic of shares price term (in years) value Options outstanding at January 31, 2019 12,961,397 $ 19.43 5.4 $ 1,161,695,032 Options granted 1,314,375 134.33 Options exercised (526,054 ) 6.54 Options forfeited/cancelled (50,554 ) 23.31 Options outstanding at April 30, 2019 13,699,164 $ 30.94 5.6 $ 1,492,280,464 Options vested and exercisable at April 30, 2019 6,507,470 $ 5.67 3.9 $ 873,300,598 Options vested and exercisable at April 30, 2019 and expected to vest thereafter 13,699,164 $ 30.94 5.6 $ 1,492,280,464
Summary of Restricted Stock Unit (RSU) Activity	A summary of restricted stock unit (RSU) activity for the three months ended April 30, 2019 is as follows: Unreleased restricted Weighted average grant stock units date fair value Balance at January 31, 2019 2,359,132 $ 54.73 RSUs granted 193,773 131.26 RSUs vested (314,302 ) 45.19 RSUs forfeited/cancelled (68,696 ) 54.50 Balance at April 30, 2019 2,169,907 $ 62.95
Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted	The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented: Three months ended April 30, 2019 2018 Volatility 41% 41% Expected term (in years) 5.75 - 6.35 6.35 Risk-free interest rate 2.36 - 2.52% 2.73% Dividend yield 0% 0%
CEO [Member]
Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted	The following table provides the assumptions used in the Monte Carlo simulation for each tranche granted Volatility 41 % Expected term (in years) 10.00 Risk-free interest rate 2.53 % Dividend yield 0 %

Net Income per Share Attribut_2

Net Income per Share Attributable to Common Stockholders (Tables)	3 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Numerators and Denominators of the Basic and Diluted EPS Computations for Common Stock	The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in thousands, except per share data): Three months ended April 30, 2019 2018 Class A Class B Class A Class B Basic Numerator Net income $ 63,652 $ 9,797 $ 36,830 $ 7,480 Undistributed earnings allocated to participating securities — — — — Net income attributable to common stockholders, basic $ 63,652 $ 9,797 $ 36,830 $ 7,480 Denominator Weighted average shares used in computing net income per share attributable to common stockholders, basic 127,139 19,569 118,675 24,102 Net income per share attributable to common stockholders, basic $ 0.50 $ 0.50 $ 0.31 $ 0.31 Diluted Numerator Net income attributable to common stockholders, basic $ 63,652 $ 9,797 $ 36,830 $ 7,480 Reallocation as a result of conversion of Class B to Class A common stock: Net income attributable to common stockholders, basic 9,797 — 7,480 — Reallocation of net income to Class B common stock — 4,516 — 2,890 Net income attributable to common stockholders, diluted $ 73,449 $ 14,313 $ 44,310 $ 10,370 Denominator Number of shares used for basic EPS computation 127,139 19,569 118,675 24,102 Conversion of Class B to Class A common stock 19,569 — 24,102 — Effect of potentially dilutive common shares 11,202 11,202 12,158 12,158 Weighted average shares used in computing net income per share attributable to common stockholders, diluted 157,910 30,771 154,935 36,260 Net income per share attributable to common stockholders, diluted $ 0.47 $ 0.47 $ 0.29 $ 0.29
Potential Common Share Equivalents Excluded where the Inclusion would be Anti-dilutive	Potential common share equivalents excluded where the inclusion would be anti-dilutive are as follows: Three months ended April 30, 2019 2018 Options and awards to purchase shares not included in the computation of diluted net income per share because their inclusion would be anti-dilutive 376,944 3,062,246

Revenues by Product (Tables)

Revenues by Product (Tables)	3 Months Ended
	Apr. 30, 2019
Revenue From Contract With Customer [Abstract]
Summary of Total Revenues	Total revenues consist of the following (in thousands): Three Months Ended April 30, 2019 2018 Subscription services Veeva Commercial Cloud $ 105,796 $ 93,109 Veeva Vault ( 1) 92,319 62,894 Total subscription services $ 198,115 $ 156,003 Professional services Veeva Commercial Cloud $ 17,221 $ 16,161 Veeva Vault ( 1) 29,416 23,383 Total professional services $ 46,637 $ 39,544 Total revenues $ 244,752 $ 195,547 (1) Veeva Vault revenues includes revenue from legacy Zinc Ahead products.

Information about Geographic _2

Information about Geographic Areas (Tables)	3 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Revenues by Geographic Area	We measure subscription services revenue primarily by the estimated location of the end users in each geographic area for Veeva Commercial Cloud and primarily by the estimated location of usage in each geographic area for Veeva Vault. We measure professional services revenue primarily by the location of the resources performing the professional services. Total revenues by geographic area were as follows for the periods shown below (in thousands): Three months ended April 30, 2019 2018 Revenues by geography North America $ 132,131 $ 109,277 Europe and other 78,254 56,982 Asia Pacific 34,367 29,288 Total revenues $ 244,752 $ 195,547
Long-Lived Assets by Geographic Area	Long-lived assets by geographic area are as follows as of the periods shown below (in thousands): April 30, January 31, 2019 2019 Long-lived assets by geography North America $ 50,854 $ 51,748 Europe and other 3,012 1,783 Asia Pacific 1,400 1,435 Total long-lived assets $ 55,266 $ 54,966

Summary of Business and Signi_4

Summary of Business and Significant Accounting Policies - Additional Information (Detail) - Customer	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Summary Of Business And Accounting Policies [Line Items]
Period of amortization	3 years
Customer concentration risk [Member] | Revenues [Member]
Summary Of Business And Accounting Policies [Line Items]
Number of customers	0	0
Minimum [Member]
Summary Of Business And Accounting Policies [Line Items]
Customer payment period	30 days
Maximum [Member]
Summary Of Business And Accounting Policies [Line Items]
Customer payment period	60 days

Summary of Business and Signi_5

Summary of Business and Significant Accounting Policies - Schedule of Certain Risks and Concentrations of Credit Risk (Detail) - Customer concentration risk [Member] - Accounts receivable [Member]	3 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Customer 1 [Member]
Concentration Risk [Line Items]
Concentration risk percentage		17.00%
Customer 2 [Member]
Concentration Risk [Line Items]
Concentration risk percentage		10.00%
Customer 3 [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10.00%

Short-Term Investments - Schedu

Short-Term Investments - Schedule of Short-Term Investments (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	$ 581,089	$ 539,743
Available-for-sale securities, Gross unrealized gains	761	282
Available-for-sale securities, Gross unrealized losses	(360)	(835)
Available-for-sale securities, Estimated fair value	581,490	539,190
Certificates of deposits [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	3,500	6,001
Available-for-sale securities, Gross unrealized gains	11	10
Available-for-sale securities, Gross unrealized losses		(1)
Available-for-sale securities, Estimated fair value	3,511	6,010
Asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	81,578	78,682
Available-for-sale securities, Gross unrealized gains	65	13
Available-for-sale securities, Gross unrealized losses	(138)	(300)
Available-for-sale securities, Estimated fair value	81,505	78,395
Commercial paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	13,613	9,118
Available-for-sale securities, Gross unrealized gains	6	1
Available-for-sale securities, Gross unrealized losses		(2)
Available-for-sale securities, Estimated fair value	13,619	9,117
Corporate notes and bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	226,957	185,409
Available-for-sale securities, Gross unrealized gains	526	178
Available-for-sale securities, Gross unrealized losses	(206)	(457)
Available-for-sale securities, Estimated fair value	227,277	185,130
Foreign government bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	1,501	1,502
Available-for-sale securities, Gross unrealized losses	(8)	(11)
Available-for-sale securities, Estimated fair value	1,493	1,491
U.S. agency obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	3,000	15,912
Available-for-sale securities, Gross unrealized gains	1	2
Available-for-sale securities, Gross unrealized losses		(2)
Available-for-sale securities, Estimated fair value	3,001	15,912
U.S. treasury securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized cost	250,940	243,119
Available-for-sale securities, Gross unrealized gains	152	78
Available-for-sale securities, Gross unrealized losses	(8)	(62)
Available-for-sale securities, Estimated fair value	$ 251,084	$ 243,135

Short-Term Investments - Summar

Short-Term Investments - Summary of Estimated Fair Value of Short-Term Investments, Designated as Available-for-Sale and Classified by Contractual Maturity (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Investments Debt And Equity Securities [Abstract]
Due in one year or less	$ 371,297	$ 377,858
Due in greater than one year	210,193	161,332
Total	$ 581,490	$ 539,190

Short-Term Investments - Additi

Short-Term Investments - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Investments Debt And Equity Securities [Abstract]
Other-than-temporary impairment losses on investments	$ 0	$ 0

Short-Term Investments - Sche_2

Short-Term Investments - Schedule of Fair Values and Gross Unrealized Loss Position of Available-for-Sale Securities Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Certificates of deposits [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value		$ 999
Gross unrealized losses		(1)
Asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	$ 40,460	69,131
Gross unrealized losses	(138)	(300)
Commercial paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	2,973	7,155
Gross unrealized losses		(2)
Corporate notes and bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	53,533	121,006
Gross unrealized losses	(206)	(457)
Foreign government bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	1,494	1,490
Gross unrealized losses	(8)	(11)
U.S. treasury securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value	85,774	130,785
Gross unrealized losses	$ (8)	(62)
U.S. agency obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair value		14,928
Gross unrealized losses		$ (2)

Deferred Costs - Additional Inf

Deferred Costs - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Deferred Costs [Abstract]
Deferred costs	$ 30,621,000		$ 30,869,000
Amortization of deferred costs	4,849,000	$ 4,519,000
Impairment losses recorded in relation to the costs capitalized	$ 0	$ 0

Property and Equipment, Net - C

Property and Equipment, Net - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands		Apr. 30, 2019	Jan. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 73,008	$ 71,230
Less accumulated depreciation		(17,742)	(16,264)
Total property and equipment, net	[1]	55,266	54,966
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		3,040	3,040
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		20,984	20,984
Land improvements and building improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		20,917	20,911
Equipment and computers [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		9,217	7,945
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		11,385	11,230
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		7,124	6,790
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 341	$ 330
[1]	We adopted ASU 2016-02, “Leases” (Topic 842) using the modified retrospective method as of February 1, 2019 and elected the transition option that allows us not to restate the comparative periods in our financial statements in the year of adoption.

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Property Plant And Equipment [Abstract]
Depreciation	$ 2	$ 1.6

Intangible Assets - Details of

Intangible Assets - Details of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 54,470	$ 54,470
Intangible assets, Accumulated amortization	(31,519)	(29,949)
Intangible assets, Net	22,951	24,521
Existing technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	3,880	3,880
Intangible assets, Accumulated amortization	(3,843)	(3,834)
Intangible assets, Net	$ 37	$ 46
Intangible assets, Remaining useful life	10 months 24 days	1 year 2 months 12 days
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 4,939	$ 4,939
Intangible assets, Accumulated amortization	(4,609)	(4,521)
Intangible assets, Net	$ 330	$ 418
Intangible assets, Remaining useful life	10 months 24 days	1 year 2 months 12 days
Customer contracts and relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 33,643	$ 33,643
Intangible assets, Accumulated amortization	(13,201)	(12,350)
Intangible assets, Net	$ 20,442	$ 21,293
Intangible assets, Remaining useful life	6 years 4 months 24 days	6 years 7 months 6 days
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 10,867	$ 10,867
Intangible assets, Accumulated amortization	(8,725)	(8,156)
Intangible assets, Net	$ 2,142	$ 2,711
Intangible assets, Remaining useful life	10 months 24 days	1 year 2 months 12 days
Brand [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross carrying amount	$ 1,141	$ 1,141
Intangible assets, Accumulated amortization	$ (1,141)	(1,088)
Intangible assets, Net		$ 53
Intangible assets, Remaining useful life		2 months 12 days

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 1.6	$ 1.8

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Finite Lived Intangible Assets Future Amortization Expense Current And Five Succeeding Fiscal Years [Abstract]
Remaining for Fiscal 2020	$ 4,492
Fiscal 2021	3,629
Fiscal 2022	3,182
Fiscal 2023	3,182
Fiscal 2024	3,182
Thereafter	5,284
Intangible assets, Net	$ 22,951	$ 24,521

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Payables And Accruals [Abstract]
Accrued commissions	$ 1,345	$ 2,633
Accrued bonus	2,905	2,848
Accrued vacation	3,698	3,110
Payroll tax payable	5,168	1,971
Accrued other compensation and benefits	2,256	4,762
Total accrued compensation and benefits	15,372	15,324
Accrued fees payable to salesforce.com	5,426	5,242
Accrued third-party professional services subcontractors' fees	1,272	1,619
Taxes payable	3,057	2,805
Other accrued expenses	5,282	6,479
Total accrued expenses and other current liabilities	$ 15,037	$ 16,145

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Assets
Short-term investments	$ 581,490	$ 539,190
Commercial paper [Member]
Assets
Short-term investments	13,619	9,117
Corporate notes and bonds [Member]
Assets
Short-term investments	227,277	185,130
U.S. treasury securities [Member]
Assets
Short-term investments	251,084	243,135
Certificates of deposits [Member]
Assets
Short-term investments	3,511	6,010
Asset-backed securities [Member]
Assets
Short-term investments	81,505	78,395
Foreign government bonds [Member]
Assets
Short-term investments	1,493	1,491
U.S. agency obligations [Member]
Assets
Short-term investments	3,001	15,912
Fair value, measurements recurring [Member]
Assets
Total	625,455	620,897
Liabilities
Total	71	88
Fair value, measurements recurring [Member] | Money market funds [Member]
Assets
Cash equivalents	13,391	39,168
Fair value, measurements recurring [Member] | Commercial paper [Member]
Assets
Cash equivalents	3,312
Short-term investments	13,619	9,117
Fair value, measurements recurring [Member] | Corporate notes and bonds [Member]
Assets
Cash equivalents	2,130	1,034
Short-term investments	227,277	185,130
Fair value, measurements recurring [Member] | U.S. treasury securities [Member]
Assets
Cash equivalents	25,068	41,505
Short-term investments	251,084	243,135
Fair value, measurements recurring [Member] | Certificates of deposits [Member]
Assets
Short-term investments	3,511	6,010
Fair value, measurements recurring [Member] | Asset-backed securities [Member]
Assets
Short-term investments	81,505	78,395
Fair value, measurements recurring [Member] | Foreign government bonds [Member]
Assets
Short-term investments	1,493	1,491
Fair value, measurements recurring [Member] | U.S. agency obligations [Member]
Assets
Short-term investments	3,001	15,912
Fair value, measurements recurring [Member] | Foreign currency derivative contracts [Member]
Assets
Foreign currency derivative contracts	64
Liabilities
Foreign currency derivative contracts	71	88
Fair value, measurements recurring [Member] | Level 1 [Member]
Assets
Total	13,391	39,168
Fair value, measurements recurring [Member] | Level 1 [Member] | Money market funds [Member]
Assets
Cash equivalents	13,391	39,168
Fair value, measurements recurring [Member] | Level 2 [Member]
Assets
Total	612,064	581,729
Liabilities
Total	71	88
Fair value, measurements recurring [Member] | Level 2 [Member] | Commercial paper [Member]
Assets
Cash equivalents	3,312
Short-term investments	13,619	9,117
Fair value, measurements recurring [Member] | Level 2 [Member] | Corporate notes and bonds [Member]
Assets
Cash equivalents	2,130	1,034
Short-term investments	227,277	185,130
Fair value, measurements recurring [Member] | Level 2 [Member] | U.S. treasury securities [Member]
Assets
Cash equivalents	25,068	41,505
Short-term investments	251,084	243,135
Fair value, measurements recurring [Member] | Level 2 [Member] | Certificates of deposits [Member]
Assets
Short-term investments	3,511	6,010
Fair value, measurements recurring [Member] | Level 2 [Member] | Asset-backed securities [Member]
Assets
Short-term investments	81,505	78,395
Fair value, measurements recurring [Member] | Level 2 [Member] | Foreign government bonds [Member]
Assets
Short-term investments	1,493	1,491
Fair value, measurements recurring [Member] | Level 2 [Member] | U.S. agency obligations [Member]
Assets
Short-term investments	3,001	15,912
Fair value, measurements recurring [Member] | Level 2 [Member] | Foreign currency derivative contracts [Member]
Assets
Foreign currency derivative contracts	64
Liabilities
Foreign currency derivative contracts	$ 71	$ 88

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 30, 2018USD ($)
Foreign currency forward contracts [Member]
Foreign Currency Fair Value Hedge Derivative [Line Items]
Foreign currency gains recognized	$ 0.5

Fair Value Measurements - Summa

Fair Value Measurements - Summary Fair Value of Outstanding Derivative Instruments (Detail) - Foreign currency derivative contracts [Member] - USD ($)	Apr. 30, 2019	Jan. 31, 2019
Derivatives Fair Value [Line Items]
Notional amount of foreign currency derivative contracts	$ (2,544,000)	$ (5,112,000)
Fair value of foreign currency derivative contracts	$ (2,537,000)	$ (5,024,000)

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Outstanding Balance Sheet Hedges (Detail) - Foreign currency derivative contracts [Member] - Derivatives not designated as hedging instruments [Member] - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Prepaid expenses and other current assets [Member]
Derivatives Fair Value [Line Items]
Derivative Assets	$ 64
Accrued expenses [Member]
Derivatives Fair Value [Line Items]
Derivative Liabilities	$ 71	$ 88

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rates	5.00%	3.90%
Excess tax benefits recognized	$ 13,552	$ 9,679

Deferred Revenue and Performa_2

Deferred Revenue and Performance Obligations - Additional Information (Detail) - Subscription services [Member] - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Revenue From Contracts With Customers [Line Items]
Recognition of deferred revenue	$ 145.8	$ 116
Revenue expected to be recognized from remaining performance obligations	716.4
Revenue expected to recognize from remaining performance obligations over the next 12 months	$ 557.2

Deferred Revenue and Performa_3

Deferred Revenue and Performance Obligations - Additional Information (Detail1)	Apr. 30, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-05-01
Revenue From Contracts With Customers [Line Items]
Revenue, remaining performance obligation, recognition period	12 months

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	3 Months Ended
	Apr. 30, 2019USD ($)
Leases [Line Items]
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, Finance Lease, Existence of Option to Extend [true false]	true
Operating lease expense	$ 1.5
Additional operating leasess, primarily for office leases, that have not yet commenced	$ 2.8
Maximum [Member]
Leases [Line Items]
Operating leases, options to extend leases term	9 years
Finance leases, options to extend leases term	9 years
Additional operating leases that have not yet commenced, lease terms	8 years
Minimum [Member]
Leases [Line Items]
Additional operating leases that have not yet commenced, lease terms	1 year

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,507
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 941

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands	Apr. 30, 2019USD ($)
Operating Leases
Lease right-of-use assets	$ 15,495	[1]
Lease liabilities	4,826
Lease liabilities, noncurrent	12,292
Total operating lease liabilities	17,118
Finance Leases
Property and equipment, at cost	1,741
Accumulated depreciation	(326)
Property and equipment, net	1,415
Lease liabilities	1,009
Lease liabilities, noncurrent	1,143
Total finance lease liabilities	$ 2,152
Weighted Average Remaining Lease Term
Operating leases	4 years 2 months 12 days
Finance leases	2 years 1 month 6 days
Weighted Average Remaining Discount Rate
Operating leases	4.30%
Finance leases	4.30%
[1]	We adopted ASU 2016-02, “Leases” (Topic 842) using the modified retrospective method as of February 1, 2019 and elected the transition option that allows us not to restate the comparative periods in our financial statements in the year of adoption.

Leases- Maturities of lease lia

Leases- Maturities of lease liabilities (Detail) $ in Thousands	Apr. 30, 2019USD ($)
Leases [Abstract]
Operating Leases, Remaining for Fiscal 2020	$ 4,102
Operating Leases, Period Fiscal 2021	4,806
Operating Leases, Period Fiscal 2022	4,014
Operating Leases, Period Fiscal 2023	2,491
Operating Leases, Period Fiscal 2024	1,822
Operating Leases, Thereafter	1,494
Operating Leases, Total lease payments	18,729
Operating Leases, Less imputed interest	(1,611)
Operating Leases	17,118
Finance Leases, Remaining for Fiscal 2020	809
Finance Leases, Period Fiscal 2021	1,078
Finance Leases, Period Fiscal 2022	359
Finance Leases, Total lease payments	2,246
Finance Leases, Less imputed interest	(94)
Finance Leases	$ 2,152

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments Under Non-cancelable Operating Leases Under ASU 840 (Detail) $ in Thousands	Jan. 31, 2019USD ($)
Leases [Abstract]
Fiscal 2020	$ 5,079
Fiscal 2021	4,843
Fiscal 2022	4,063
Fiscal 2023	2,534
Fiscal 2024	1,884
Thereafter	1,495
Total	$ 19,898

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019	Jan. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, granted	1,314,375
Unrecognized compensation cost related to unvested stock options granted	$ 163.6
Intrinsic value of options exercised	$ 60.8
CEO [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, granted			2,838,635
2013 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average grant date fair value of options granted	$ 58.29
Stock options, granted	1,314,375
Maximum [Member] | 2012 and 2013 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost recognition vesting service period	9 years
Minimum [Member] | 2012 and 2013 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation cost recognition vesting service period	4 years
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period		4 years
Weighted average period of unvested stock	2 years 1 month 6 days
Weighted average grant date fair value, RSUs granted	$ 131.26
Number of shares, RSUs granted	193,773
Unrecognized compensation cost related to unvested RSUs	$ 126.4
Total intrinsic value, vested	$ 37.7
Restricted Stock Units (RSUs) [Member] | 2013 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value, RSUs granted	$ 131.26
Number of shares, RSUs granted	193,773
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	1 year
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting period	4 years
Weighted average period of unvested stock	3 years 10 months 24 days
Stock Options [Member] | CEO [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of vesting tranches based on market conditions			The stock option award is made up of five separate tranches. The first tranche vests over time, while the remaining four tranches vest based on certain stock price targets (market conditions).

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of shares, Options outstanding, Beginning Balance	12,961,397
Number of shares, Options granted	1,314,375
Number of shares, Options exercised	(526,054)
Number of shares, Options forfeited/cancelled	(50,554)
Number of shares, Options outstanding, Ending Balance	13,699,164	12,961,397
Number of shares, Options vested and exercisable	6,507,470
Number of shares, Options vested and exercisable and expected to vest thereafter	13,699,164
Weighted average exercise price, Options outstanding, Beginning Balance	$ 19.43
Weighted average exercise price, Options granted	134.33
Weighted average exercise price, Options exercised	6.54
Weighted average exercise price, Options forfeited/cancelled	23.31
Weighted average exercise price, Options outstanding, Ending Balance	30.94	$ 19.43
Weighted average exercise price, Options vested and exercisable	5.67
Weighted average exercise price, Options vested and exercisable and expected to vest thereafter	$ 30.94
Weighted average remaining contractual term (in years), Options outstanding	5 years 7 months 6 days	5 years 4 months 24 days
Weighted average remaining contractual term (in years), Options vested and exercisable	3 years 10 months 24 days
Weighted average remaining contractual term (in years), Options vested and exercisable and expected to vest thereafter	5 years 7 months 6 days
Aggregate intrinsic value, Options outstanding	$ 1,492,280,464	$ 1,161,695,032
Aggregate intrinsic value, Options vested and exercisable	873,300,598
Aggregate intrinsic value, Options vested and exercisable and expected to vest thereafter	$ 1,492,280,464

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Restricted Stock Unit (RSU) Activity (Detail) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Apr. 30, 2019$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unreleased restricted stock units, Beginning Balance | shares	2,359,132
Unreleased restricted stock units, RSUs granted | shares	193,773
Unreleased restricted stock units, RSUs vested | shares	(314,302)
Unreleased restricted stock units, RSUs forfeited/cancelled | shares	(68,696)
Unreleased restricted stock units, Ending Balance | shares	2,169,907
Weighted average grant date fair value, Beginning Balance | $ / shares	$ 54.73
Weighted average grant date fair value, RSUs granted | $ / shares	131.26
Weighted average grant date fair value, RSUs vested | $ / shares	45.19
Weighted average grant date fair value, RSUs forfeited/cancelled | $ / shares	54.50
Weighted average grant date fair value, Ending Balance | $ / shares	$ 62.95

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted (Detail) - Stock Options [Member]	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Volatility	41.00%	41.00%
Expected term (in years)		6 years 4 months 6 days
Risk-free interest rate		2.73%
Risk-free interest rate, Minimum	2.36%
Risk-free interest rate, Maximum	2.52%
Dividend yield	0.00%	0.00%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term (in years)	5 years 9 months
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term (in years)	6 years 4 months 6 days

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Assumptions Used in Monte Carlo Simulation for Tranche Granted (Detail) - Stock Options [Member]	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Volatility	41.00%	41.00%
Expected term (in years)		6 years 4 months 6 days
Risk-free interest rate		2.73%
Dividend yield	0.00%	0.00%
CEO [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Volatility	41.00%
Expected term (in years)	10 years
Risk-free interest rate	2.53%
Dividend yield	0.00%

Net Income per Share Attribut_3

Net Income per Share Attributable to Common Stockholders - Numerators and Denominators of the Basic and Diluted EPS Computations for Common Stock (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income	$ 73,449	$ 44,310
Weighted average shares used in computing net income per share attributable to common stockholders, basic	146,708	142,777
Net income per share attributable to common stockholders, basic	$ 0.50	$ 0.31
Reallocation as a result of conversion of Class B to Class A common stock:
Weighted average shares used in computing net income per share attributable to common stockholders, diluted	157,910	154,935
Net income per share attributable to common stockholders, diluted	$ 0.47	$ 0.29
Class A common stock [Member]
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income	$ 63,652
Net income attributable to common stockholders, basic	$ 63,652
Weighted average shares used in computing net income per share attributable to common stockholders, basic	127,139
Net income per share attributable to common stockholders, basic	$ 0.50
Net income attributable to common stockholders, basic	$ 63,652
Reallocation as a result of conversion of Class B to Class A common stock:
Net income attributable to common stockholders, basic	9,797
Net income attributable to common stockholders, diluted	$ 73,449
Conversion of Class B to Class A common stock	19,569
Effect of potentially dilutive common shares	11,202
Weighted average shares used in computing net income per share attributable to common stockholders, diluted	157,910
Net income per share attributable to common stockholders, diluted	$ 0.47
Class A common stock [Member] | As adjusted [Member]
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income		$ 36,830
Net income attributable to common stockholders, basic		$ 36,830
Weighted average shares used in computing net income per share attributable to common stockholders, basic		118,675
Net income per share attributable to common stockholders, basic		$ 0.31
Net income attributable to common stockholders, basic		$ 36,830
Reallocation as a result of conversion of Class B to Class A common stock:
Net income attributable to common stockholders, basic		7,480
Net income attributable to common stockholders, diluted		$ 44,310
Conversion of Class B to Class A common stock		24,102
Effect of potentially dilutive common shares		12,158
Weighted average shares used in computing net income per share attributable to common stockholders, diluted		154,935
Net income per share attributable to common stockholders, diluted		$ 0.29
Class B common stock [Member]
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income	$ 9,797
Net income attributable to common stockholders, basic	$ 9,797
Weighted average shares used in computing net income per share attributable to common stockholders, basic	19,569
Net income per share attributable to common stockholders, basic	$ 0.50
Net income attributable to common stockholders, basic	$ 9,797
Reallocation as a result of conversion of Class B to Class A common stock:
Reallocation of net income to Class B common stock	4,516
Net income attributable to common stockholders, diluted	$ 14,313
Effect of potentially dilutive common shares	11,202
Weighted average shares used in computing net income per share attributable to common stockholders, diluted	30,771
Net income per share attributable to common stockholders, diluted	$ 0.47
Class B common stock [Member] | As adjusted [Member]
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income		$ 7,480
Net income attributable to common stockholders, basic		$ 7,480
Weighted average shares used in computing net income per share attributable to common stockholders, basic		24,102
Net income per share attributable to common stockholders, basic		$ 0.31
Net income attributable to common stockholders, basic		$ 7,480
Reallocation as a result of conversion of Class B to Class A common stock:
Reallocation of net income to Class B common stock		2,890
Net income attributable to common stockholders, diluted		$ 10,370
Effect of potentially dilutive common shares		12,158
Weighted average shares used in computing net income per share attributable to common stockholders, diluted		36,260
Net income per share attributable to common stockholders, diluted		$ 0.29

Net Income per Share Attribut_4

Net Income per Share Attributable to Common Stockholders - Potential Common Share Equivalents Excluded where the Inclusion would be Anti-dilutive (Detail) - shares	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Earnings Per Share [Abstract]
Options and awards to purchase shares not included in the computation of diluted net income per share because their inclusion would be anti-dilutive	376,944	3,062,246

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Mar. 13, 2017USD ($)	Jan. 26, 2017Employee	Apr. 30, 2019USD ($)Motion
Value-Added Reseller Agreement [Member]
Long Term Purchase Commitment [Line Items]
Purchase commitment, description			The agreement, as amended, requires that we meet minimum order commitments of $500 million over the term of the agreement, which ends on September 1, 2025, including “true-up” payments if the orders we place with salesforce.com have not equaled or exceeded the following aggregate amounts within the timeframes indicated: (i) $250 million for the period from March 1, 2014 to September 1, 2020 and (ii) the full amount of $500 million by September 1, 2025
Minimum order commitment			$ 500,000,000
Agreement maturity date			Sep. 1, 2025
Amount of first minimum order commitment met			$ 250,000,000
Minimum fee commitment obligation			198,000,000
Value-Added Reseller Agreement [Member] | September 1, 2025 [Member]
Long Term Purchase Commitment [Line Items]
Minimum order commitment			500,000,000
Value-Added Reseller Agreement [Member] | March 1, 2014 to September 1, 2020 [Member]
Long Term Purchase Commitment [Line Items]
Minimum order commitment			$ 250,000,000
IQVIA Litigation Matter [Member]
Long Term Purchase Commitment [Line Items]
Litigation filed date			January 10, 2017
Number of motions pending | Motion			0
IQVIA Litigation Matter [Member] | Minimum [Member]
Long Term Purchase Commitment [Line Items]
Monetary damages	$ 200,000,000
Medidata Litigation Matter [Member]
Long Term Purchase Commitment [Line Items]
Litigation filed date		January 26, 2017
Number of motions pending | Motion			0
Number of former employees | Employee		5
Defendants dismissed from case		Individual Defendants

Revenues by Product - Summary o

Revenues by Product - Summary of Total Revenues (Detail) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenues		$ 244,752	$ 195,547
Subscription services, Veeva Commercial Cloud [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		105,796	93,109
Subscription services, Veeva Vault [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	[1]	92,319	62,894
Subscription services [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		198,115	156,003
Professional services, Veeva Commercial Cloud [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		17,221	16,161
Professional services, Veeva Vault [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	[1]	29,416	23,383
Professional services [Member]
Disaggregation Of Revenue [Line Items]
Total revenues		$ 46,637	$ 39,544
[1]	Veeva Vault revenues includes revenue from legacy Zinc Ahead products.

Information about Geographic _3

Information about Geographic Areas - Revenues by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Revenues by geography
Total revenues	$ 244,752	$ 195,547
North America [Member]
Revenues by geography
Total revenues	132,131	109,277
Europe and other [Member]
Revenues by geography
Total revenues	78,254	56,982
Asia Pacific [Member]
Revenues by geography
Total revenues	$ 34,367	$ 29,288

Information about Geographic _4

Information about Geographic Areas - Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands		Apr. 30, 2019	Jan. 31, 2019
Long-lived assets by geography
Total long-lived assets	[1]	$ 55,266	$ 54,966
North America [Member]
Long-lived assets by geography
Total long-lived assets		50,854	51,748
Europe and other [Member]
Long-lived assets by geography
Total long-lived assets		3,012	1,783
Asia Pacific [Member]
Long-lived assets by geography
Total long-lived assets		$ 1,400	$ 1,435
[1]	We adopted ASU 2016-02, “Leases” (Topic 842) using the modified retrospective method as of February 1, 2019 and elected the transition option that allows us not to restate the comparative periods in our financial statements in the year of adoption.