Veeva Data Cloud Presentation

Reconciliation of GAAP to Non-GAAP Measures Fiscal Year Ending January 31 1 Restated for ASC 606 in millions Operating income on a GAAP basis FY'16 FY'17¹ FY'181 FY'19 FY'20 FY'21 78.6 120.7 157.9 222.9 $ 286.2 377.8 Stock-based compensation expense 24.3 40.8 54.0 76.4 115.9 185.0 Amortization of purchased intangibles 4.3 8.2 7.8 7.0 10.1 20.0 Deferred compensation associated with Zinc Ahead acquisition Operating income on a non-GAAP basis 1.1 2.8 0.5 0.3 $ 108.3 $ 172.5 $ 220.2 $ 306.6 $ 412.2 $ 582.8 Copyright Veeva Systems 2021

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