November 28, 2018
Veeva Announces Fiscal 2019 Third Quarter Results
Total Revenues of $224.7M, up 27% Year-over-year Subscription Services Revenues of $178.2M, up 25% 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, 2018. All results, including prior periods, and guidance reflect the new revenue recognition standard ASC 606. “We executed well across all areas of the business, expanding our leadership with Veeva Commercial Cloud and Veeva Vault,” said CEO Peter Gassner. “Our focus on innovation and customer success coupled with our consistent execution sets us up for a great finish to the year and establishes a strong foundation for next year and beyond.” Fiscal 2019 Third Quarter Results: Revenues: Total revenues for the third quarter were $224.7 million, up from $177.0 million one year ago, an increase of 27% year-over-year. Subscription services revenues for the third quarter were...
September 17, 2018
Veeva Reinvents Clinical Data Management With a Single Application to Manage All Trial Data
Veeva Vault CDMS delivers on the industry’s urgent need for complete and concurrent clinical data for faster insights and execution 2018 Veeva R&D Summit - Veeva Systems (NYSE:VEEV) today announced a next-generation cloud application to streamline clinical data management and accelerate study execution. Veeva Vault CDMS eliminates the need for multiple tools with a single clinical data management application that combines coding, EDC, data cleaning, and reporting. Companies can now have one application that allows them to manage study build through execution and gain a complete and concurrent view of all clinical data within a trial. “The industry can finally move away from the complex patchwork of systems and integrations that limit the ability to leverage the range of clinical data available throughout the course of a trial,” said Henry Levy, general manager of Veeva Vault CDMS. “Veeva Vault CDMS will provide the key capabilities companies need to bring together all their...
August 23, 2018
Veeva Announces Fiscal 2019 Second Quarter Results
Total Revenues of $209.6M, up 25% Year-over-year Subscription Services Revenues of $169.6M, up 25% 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 second quarter ended July 31, 2018. All results, including prior periods, and guidance reflect the new revenue recognition standard ASC 606. “I am very proud of the Veeva team. We once again delivered an outstanding quarter,” said CEO Peter Gassner. “We are realizing our vision to become the most strategic partner to the life sciences industry by delivering innovative products in the areas of greatest impact. By continuing to focus on customer success, exceptional execution, and product excellence, I’m confident we can achieve our goal of becoming a multi-billion dollar company over time.” Fiscal 2019 Second Quarter Results: Revenues: Total revenues for the second quarter were $209.6 million, up from...