Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Veeva Exceeds Expectations in 3Q; Growing Product Portfolio Looks Promising

Veeva’s third-quarter results came in slightly ahead of our expectations, with record services utilization and a positive mix shift toward non-CRM products allowing operating margins to expand nearly 5% over last year, despite continued investment in building out the firm’s clinical offerings and headcount. Vault bookings contributed over half of total bookings for the first time, which should translate to further gross margin expansion in the near-term. As we reevaluate our assumptions about op...
Underlying
Veeva Systems Inc Class A

Veeva Systems provides industry cloud solutions for the life sciences industry. Veeva Commercial Cloud is a suite of multichannel customer relationship management applications, a commercial data warehouse, territory allocation and alignment applications, master data management applications and customer reference and data and services. Veeva Vault is the company's suite of cloud-based, enterprise content management applications that address the content management requirements for the company's customers'commercial functions, including medical and sales and marketing, and key research and development functions, including clinical, regulatory, quality, and, when available, safety.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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