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Veeva Systems

OverviewSuggest Edit

Veeva Systems is a provider of industry cloud solutions for the global life sciences industry. It offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, and Veeva Vault, a cloud-based enterprise content management platform and a suite of applications for managing commercial and research and development functions, such as clinical, regulatory, and quality. It also provides Veeva Network master data management solutions for the management of customer master and product master data. In addition, Veeva Systems offers data solutions and services, as well as territory allocation and alignment applications.

TypePublic
Founded2007
HQPleasanton, USMap
Websiteveeva.com
Employee Ratings3.6More
View Jobs (873)

Recent NewsAll News

Latest Updates

Employees (est.) (Jan 2019)2,553(+18%)
Job Openings873
Revenue (FY, 2020)$1.1 B(+29%)
Share Price (Sept 2020)$281.9 (+3%)
Cybersecurity ratingBMore

Key People/Management at Veeva Systems

Peter Gassner

Peter Gassner

Founder, CEO, Director
Derek Wagland

Derek Wagland

Vice President, Products
Tim Cabral

Tim Cabral

Chief Financial Officer
Matt Wallach

Matt Wallach

Director
Gordon Ritter

Gordon Ritter

Chairman
Tom Schwenger

Tom Schwenger

President and COO
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Veeva Systems Office Locations

Veeva Systems has offices in Pleasanton, Boston, Dublin, Fishers and in 22 other locations
Pleasanton, US (HQ)
4280 Hacienda Dr
Boston, US
22 Boston Wharf Rd 7th floor
Dublin, US
5555 Parkcenter Cir #300Dublin
Fishers, US
12175 Visionary Way #115
Fort Washington, US
601 W Office Center Dr #100
New York, US
1375 Broadway 3rd floor
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Veeva Systems Financials and Metrics

Veeva Systems Revenue

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Veeva Systems's revenue was reported to be $1.10 b in FY, 2020
USD

Revenue (Q2, 2021)

283.5m

Gross profit (Q2, 2021)

240.1m

Gross profit margin (Q2, 2021), %

84.7%

Market capitalization (28-Sept-2020)

42.5b

Closing stock price (28-Sept-2020)

281.9

Cash (31-Jul-2020)

795.8m

EV

41.8b
Veeva Systems's current market capitalization is $42.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

544.0m685.6m862.2m1.1b

Revenue growth, %

33%26%26%

Cost of goods sold

173.7m211.4m245.3m303.4m

Gross profit

370.4m474.1m616.9m800.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

157.9m166.6m176.1m195.5m209.6m224.7m244.8m266.9m280.9m337.1m283.5m

Cost of goods sold

48.9m50.4m53.2m60.2m59.2m61.4m65.5m70.2m73.3m94.9m43.4m

Gross profit

109.0m116.2m122.9m135.4m150.4m163.4m179.2m196.7m207.6m242.2m240.1m

Gross profit Margin, %

69%70%70%69%72%73%73%74%74%72%85%
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

217.6m320.2m551.0m476.7m

Accounts Receivable

182.8m233.7m303.5m389.7m

Prepaid Expenses

10.2m12.4m21.7m21.9m

Current Assets

711.9m1.0b1.4b1.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

365.7m409.2m310.8m460.2m511.7m467.6m748.2m827.5m892.6m720.8m795.8m

Accounts Receivable

113.1m97.2m76.3m154.8m111.8m90.1m164.1m145.5m116.9m235.9m220.8m

Prepaid Expenses

12.1m11.6m11.7m12.0m15.4m21.2m20.7m21.8m15.4m21.1m32.5m

Current Assets

789.1m833.4m846.1m1.1b1.2b1.2b1.5b1.6b1.7b1.7b1.8b
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

68.8m142.0m229.8m301.1m

Depreciation and Amortization

13.8m14.3m14.1m19.9m

Accounts Payable

1.1m1.4m1.8m2.8m

Cash From Operating Activities

144.0m233.4m310.8m437.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

36.0m73.9m108.3m44.3m94.6m158.7m73.4m152.7m234.9m86.6m180.1m

Depreciation and Amortization

3.4m7.0m10.6m3.6m7.1m10.5m5.4m11.0m16.6m7.9m15.2m

Accounts Payable

(456.0k)244.0k1.7m2.0m538.0k3.5m(416.0k)(37.0k)1.2m(4.4m)(3.5m)

Cash From Operating Activities

142.2m199.8m232.0m150.6m237.4m279.0m236.3m336.8m398.3m282.2m387.5m
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USDFY, 2017

Revenue/Employee

303.3k

Financial Leverage

1.4 x
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Veeva Systems Operating Metrics

Veeva Systems's Customers was reported to be 775 in Q2, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Customers

517 625 719 775

Customers (Veeva Commercial Cloud)

270 313 335

Patents (US)

7 9 10 11 13 13 13 14 17 17 20

Patents Pending

24 33 40
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Veeva Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
Crossix Solutions IncSeptember 26, 2019$430 m
Zinc Ahead LtdSeptember 29, 2015
SelligyJuly 10, 2015

Veeva Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

Learn more about about our premium products
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Veeva Systems Revenue Breakdown

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Veeva Systems revenue breakdown by business segment: 12.5% from Professional Services and Other, 51.7% from Subscription Services and 35.8% from North America

Veeva Systems revenue breakdown by geographic segment: 38.1% from Asia Pacific and 61.9% from Europe and other

Veeva Systems Online and Social Media Presence

Veeva Systems's Trends

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Veeva Systems News and Updates

August 07, 2020

Veeva Systems And Ansys: Two Software Stocks You May Have Missed

The software industry as a whole could see accelerated growth as a result of fundamental changes that businesses may undergo coming out from the Covid-19 disruption. We expect digital transformation to accelerate and remote/cloud-based collaboration to become more mainstream. So who do you bet on...
March 03, 2020

Veeva Systems stock rallies as earnings, outlook beats Street

Veeva Systems Inc. shares rallied in the extended session Tuesday after the cloud-based software company's results and outlook topped Wall Street estimates. Veeva shares rose 8.1% after hours, following a 1.8% decline in the regular session to close at $141.50. The company reported fourth-quarter n…
August 27, 2019

Veeva Systems stock rises after Q2 beat; CFO to retire

Shares of Veeva Systems Inc. rose more than 2% in the extended session Tuesday after the cloud-computing company reported fiscal second-quarter profit and sales above Wall Street expectations. Veeva said it earned $79.2 million, or 50 cents a share, in the quarter, compared with $50.3 million, or 3…
June 17, 2019

Veeva Systems Pursues New Growth Initiatives Both Inside And Outside Of Life Sciences

Veeva shares are up 86% YTD as the cloud-software provider broadens its product portfolio and expands into new verticals.
May 30, 2019

Veeva Systems stock heads for best day since 2014 after earnings beat, Stephens upgrade

Veeva Systems Inc. shares are soaring in Thursday morning trading after the software company topped earnings and revenue expectations a day earlier. The stock is up more than 13% and on track for its best single-day percentage gain since 2014. Stephens analyst James Rutherford upgraded the stock to…
December 04, 2018

Veeva Systems stock falls after Citron makes short call, likens to pre-selloff Nvidia

Shares of Veeva Systems Inc. are down 5% in midday trading Tuesday after noted short seller Citron Research made a negative call on the stock, setting a price target of $65. The shares are currently trading near $94 and were trading as high as $100.16 earlier in the session. "Competition has arrive…
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Veeva Systems Blogs

August 10, 2020

Going Digital: HCP’s View of the New Engagement Model

Oncologist/hematologist Dr. Andrew J. Moore discusses how his practice has evolved as social distancing has become the new normal in the face of COVID-19.
August 06, 2020

What’s Next for Veeva: A Conversation with CEO, Peter Gassner

Veeva Commercial & Medical Summit 2020 brought together more than 3,000 life sciences professionals. In a live Q&A session with Veeva CEO Peter Gassner, we discussed some of what’s next for Veeva. Here are highlights from our conversation.
August 04, 2020

Improving Inspection Readiness Using Milestones and Expected Document Lists

Building inspection-readiness processes into your daily operations is the best preparation for a regulatory inspection.
July 29, 2020

CROs and Sponsors at European Summit Attest that a Better EDC Improves Data Management

This was the first European Summit with a dedicated track for clinical data management and it signalled a coming-of-age for Vault CDMS. With the introduction of Studio in 2019, Vault CDMS brought transformational study build capabilities into the mainstream.
July 20, 2020

The Next Big Step Toward a Collaborative Clinical Trial Ecosystem: Three Perspectives

Highlights from Veeva’s Innovation Theater presentation at #DIA 2020. Veeva’s Jason Methia is joined by Garrick Myers, Vertex Pharmaceuticals, Inc., and Rachel Sheppard, University of Louisville in a lively and informative discussion about opportunities to streamline information sharing for faster t…
June 19, 2020

Best Practices for Improving Customer Data to Support Digital Transformation

In the face of a global health crisis, the life sciences industry is accelerating the adoption of digital engagement channels at unprecedented speeds. Customer reference data plays a crucial role in this transformation but many teams are unsure of how and where to start. Last year, I talked with T…
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 Veeva Systems Frequently Asked Questions

  • When was Veeva Systems founded?

    Veeva Systems was founded in 2007.

  • Who are Veeva Systems key executives?

    Veeva Systems's key executives are Peter Gassner, Derek Wagland and Tim Cabral.

  • How many employees does Veeva Systems have?

    Veeva Systems has 2,553 employees.

  • What is Veeva Systems revenue?

    Latest Veeva Systems annual revenue is $1.1 b.

  • What is Veeva Systems revenue per employee?

    Latest Veeva Systems revenue per employee is $432.5 k.

  • Who are Veeva Systems competitors?

    Competitors of Veeva Systems include Upland Software, Oracle and IQVIA.

  • Where is Veeva Systems headquarters?

    Veeva Systems headquarters is located at 4280 Hacienda Dr, Pleasanton.

  • Where are Veeva Systems offices?

    Veeva Systems has offices in Pleasanton, Boston, Dublin, Fishers and in 22 other locations.

  • How many offices does Veeva Systems have?

    Veeva Systems has 26 offices.