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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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11 views
Veeva Systems delivered a standout quarter, raising guidance and demonstrating accelerating growth, with Crossix and the company's Commercial Cloud, overall, driving strong revenue and margin outperformance. Despite macro and competitive risks, I see Veeva's competitive position strengthening, especially as migrations to Vault CRM and new AI offerings gain traction. Veeva AI, launching in December, is poised to boost growth and productivity, supporting my increased 3-year CAGR estimate to 20% and justifying the premium valuation.
