March 26, 2020
Veeva Data Cloud to Deliver New Approach for Patient and Prescriber Data
Veeva to bring innovation, openness, and choice to the U.S. market by year end, with other countries to follow Veeva Systems (NYSE: VEEV) today announced Veeva Data Cloud to help support the industry by bringing greater innovation and choice to the data market. Veeva Data Cloud will include longitudinal patient and prescriber data offerings that will cover retail and specialty distribution channels, initially tailored for commercial use cases such as launch planning, patient segmentation, commercial analytics, AI, territory design, targeting, and incentive compensation. Asaf Evenhaim, CEO of Crossix, is leading the development of Veeva Data Cloud. Veeva Data Cloud is powered by the Crossix Data Platform, a world-class technology platform built for the development and delivery of large-scale patient data and analytics. The Crossix Data Platform combines technology, privacy-safe processes, and continually expanding health data sets. Veeva Data Cloud will have the same open and...
March 3, 2020
Veeva Announces Fiscal 2020 Fourth Quarter and Fiscal Year 2020 Results
Fiscal Year 2020 Total Revenues of $1,104.1M, up 28% Year-over-year; Q4 Total Revenues of $311.5M, up 34% Year-over-year Fiscal Year 2020 Subscription Services Revenues of $896.3M, up 29% Year-over-year; Q4 Subscription Services Revenues of $254.1M, up 33% Year-over-year Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fiscal fourth quarter ended January 31, 2020. All results in the current period and guidance reflect the impact from our recently acquired businesses. “The past year was an exceptional one for Veeva. We focused on customer success and accelerated our pace of innovation in established and new markets,” said CEO Peter Gassner. “We have set ourselves up well from a product, operating model, and team perspective to execute on the major opportunities ahead.” Fiscal 2020 Fourth Quarter Results: Revenues: Total revenues for the fourth quarter were $311.5 million, up from...
November 26, 2019
Veeva Announces Fiscal 2020 Third Quarter Results
Total Revenues of $280.9M, up 25% Year-over-year; Subscription Services Revenues of $226.8M, up 27% Year-over-year Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fiscal third quarter ended October 31, 2019. “It was a very exciting quarter. We delivered great results, significantly expanded in new and existing areas, and welcomed Crossix and Physicians World to the Veeva team,” said CEO Peter Gassner. “Our focus on innovation, customer success, and ability to execute across multiple large markets sets us up for strong growth well into the future.” Fiscal 2020 Third Quarter Results: Revenues : Total revenues for the third quarter were $280.9 million, up from $224.7 million one year ago, an increase of 25% year-over-year. Subscription services revenues for the third quarter were $226.8 million, up from $178.2 million one year ago, an increase of 27% year-over-year. Operating Income and...