Veeva reported better-than-expected sales and earnings in August. The stock's valuation ratios tumbled, while it lagged major indexes over the past year.
Veeva Systems' Site Connect is likely to aid the sponsors in reducing trial time and expense.
Veeva Systems Inc. (NYSE:VEEV ) Citi's 2024 Global TMT Conference September 4, 2024 3:00 PM ET Company Participants Paul Shawah - Executive Vice President, Commercial Strategy Conference Call Participants Tyler Radke - Citi Tyler Radke Okay. Good afternoon, everybody.
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Review Veeva's (VEEV) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Veeva (VEEV) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Veeva is beginning to migrate customers to a new homegrown platform and away from Salesforce. This latest move should improve margins, but puts Veeva into competition with its former partner.
Shares of cloud-based software provider Veeva Systems Inc. NYSE: VEEV have been on a wild ride in the last year, surging by more than 40% from last November through March 2024 before giving up nearly all of those gains by June. The stock price floated toward the lower end of that range for most of the last three months, but this week's earnings report has helped to boost upward momentum once again.
I upgraded Veeva to “buy” in my previous post as I believed that the company was starting to see acceleration in top and bottom lines, with the stock up 19%since. The company reported its Q2 FY25 earnings where revenue and earnings grew 15% and 32% YoY beating estimates, driven by momentum in its R&D Solutions and an acceleration in Commercial Cloud. Despite strong Q2 performance, the management didn't raise FY25 revenue guidance, although it expanded its outlook for non-GAAP income from operations, boosting investor sentiment.
VEEV's fiscal second-quarter results reflect impressive performance by the Subscription services segment, along with the expansion of gross and operating margins.
Veeva beat analysts' quarterly expectations. Veeva's bottom line impressed investors, as earnings are growing faster than revenue.
Veeva Systems Inc. (NYSE:VEEV ) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Gunnar Hansen - Senior Director, Investor Relations Peter Gassner - Founder and Chief Executive Officer Tim Cabral - Interim Chief Financial Officer Paul Shawah - Executive Vice President, Commercial Strategy Conference Call Participants Joe Vruwink - Baird Saket Kalia - Barclays Ken Wong - Oppenheimer & Company Brian Peterson - Raymond James Rishi Jaluria - RBC Capital Markets Tyler Radke - Citigroup Stan Berenshteyn - Wells Fargo Securities Brent Bracelin - Piper Sandler Dylan Becker - William Blair Jack Wallace - Guggenheim Securities Carolyn Valenti - Goldman Sachs Craig Hettenbach - Morgan Stanley Ryan MacDonald - Needham Jenny Cao - Truist Securities Charles Rhyee - TD Cowen David Larsen - BTIG Operator Ladies and gentlemen, good afternoon. My name is Krista and I will be your conference operator today.