Topic: How To Invest

Q: Pat: I’m interested in getting your opinion on Veeva Systems trading on New York. Thank you.

Article Excerpt

A: Veeva Systems Inc., $199.89, symbol VEEV on New York (Shares outstanding: 161.6 million; Market cap: $32.6 billion; www.veeva.com), is a leading provider of cloud solutions for the global life sciences industry. The company’s offerings span cloud software, data, and business consulting and are designed to meet the unique needs of its customers—from research and development through commercialization. Veeva’s products are aimed at helping life sciences companies develop and bring products to market faster and more efficiently, market and sell more effectively, and maintain compliance with government regulations. The San Francisco-based company has more than 1,432 customers, ranging from large pharmaceutical firms to biotech startups. Veeva operates in a number of areas. In the commercial category, several improvements have recently been announced to the Veeva Commercial Cloud product, including advanced marketing and patient management applications. In the development area, Veeva’s Development Cloud offering continues to benefit from the addition of large customers in a number of critical R&D categories (clinical, quality, and regulatory)…