Veeva: My Software Pick For 2025
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Veeva Systems reported strong Q3 FY25 earnings with a 13% increase in revenue and a 29% rise in non-GAAP operating income, driven by its Development Cloud segment. The company is on track to meet its $6B revenue target by 2030, supported by product innovations and a favorable macro environment.
January 07, 2025 | 3:00 pm
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Veeva Systems reported a strong Q3 FY25 with 13% revenue growth and 29% increase in non-GAAP operating income, driven by its Development Cloud segment. The company is on track to meet its $6B revenue target by 2030.
Veeva's strong earnings report, particularly the growth in its Development Cloud segment, suggests positive momentum. The company's ability to beat estimates and its strategic roadmap towards a $6B revenue target by 2030 indicate a likely positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100