Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

Veeva's foothold in the Life Sciences vertical market should sustain solid growth.

Veeva reported a strong fourth quarter, with an impressive 23% increase in revenue. We are reiterating our $65 fair value estimate and are maintaining our wide-moat rating for the firm. Both gross and operating margins dipped this quarter from last year due to the migration of Veeva Vault to Amazon Web Services, but we expect margins to recover when the transition ends by the second quarter of fiscal year 2019. We believe new client onboarding also weighed on profits and we expect the profit for...
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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