Report
Vishnu Lekraj

Veeva's Cloud Broadens With New Veeva Nitro; Promising Start to Fiscal 2019

Wide-moat Veeva reported a good start to the year with first-quarter results that were moderately above our expectations. Management also raised full-year guidance due to outperformance in its services segment and the addition of new customers to Vault eTMF (electronic trial master file) and Vault CTMS (clinical trial management). We are impressed with Veeva’s performance, and we plan to adjust our assumptions to reflect a slight higher pace of growth and margin expansion over our explicit forec...
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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