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Veeva Systems Inc Class A - Stock Quote VEEV

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Morningstar's Veeva Systems Inc Class A Stock Analysis

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Is it the right time to buy or sell?

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Veeva Continues To Look Well Positioned for Long-Term Growth

Dylan Finley, CFA Equity Analyst

Business Strategy and Outlook

| Damien Conover, CFA |

Veeva is the leading provider of cloud-based software solutions tailored to the life sciences industry, providing an ecosystem of products to address the operating challenges and regulatory requirements that these companies face. Its highly specialized offerings for the life science industry allow companies to improve operational efficiency to get products to market faster while ensuring regulatory compliance and ultimately sell more effectively. Its effective technology and dominant position enable Veeva to generate excess returns commensurate with a wide-moat company. Its strong retention, continued development of new applications, increasing penetration with existing customers, addition of new customers, and expansion into industries outside of life sciences should allow the company to extend its market leadership, in our view.

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Veeva Systems Inc Class A's Company Profile

Business Description

Veeva is a leading supplier of software solutions for the life sciences industry. The company’s best-of-breed offering addresses operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise and cloud-based platform to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. As the vertical leader, Veeva innovates, increases wallet share at existing customers, and expands into other industries with similar regulations, protocols, and procedures, such as consumer goods, chemicals, and cosmetics.

4280 Hacienda Drive
Pleasanton, CA, 94588
T +1 925 452-6500
Sector Healthcare
Industry Health Information Services
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 31, 2023
Stock Type Aggressive Growth
Employees 5,482

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