Veeva Systems provides cloud-based software for the life sciences industry. The Company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, and Veeva Vault, a cloud-based enterprise content management platform and 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, the Company offers data solutions and services, as well as territory allocation and alignment applications. Further, it provides professional and support services, requirements analysis, technical consulting services, training on its solutions, and ongoing managed services that include outsourced systems administration.

TypePublic
HQPleasanton, US
Founded2007
Size (employees)1,794 (est)
Websiteveeva.com
Veeva Systems was founded in 2007 and is headquartered in Pleasanton, US
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Key People/Management at Veeva Systems

Peter Gassner

Peter Gassner

Founder, CEO
Matt Wallach

Matt Wallach

Co-Founder, President
Tim Cabral

Tim Cabral

CFO
Henry Levy

Henry Levy

General Manger, Veeva Vault CDMS
Alan Mateo

Alan Mateo

Executive Vice President, Global Sales
Nitsa Zuppas

Nitsa Zuppas

Chief Marketing Officer
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Veeva Systems Office Locations

Veeva Systems has offices in Barcelona, Fort Washington, Vienna, San Antonio and in 35 other locations
Pleasanton, US (HQ)
4280 Hacienda Drive
Fort Washington, US
601 Office Center Drive, Suite 100
Hilliard, US
4700 Northwest Pkwy
Princeton, US
300 202 Carnegie Center Dr
Radnor, US
4 Radnor Corporate Center, Suite 100 100 Matsonford Rd
San Francisco, US
340 100 Montgomery St
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Veeva Systems Financials and Metrics

Veeva Systems Revenue

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Veeva Systems's revenue was reported to be $544.04 m in FY, 2017 which is a 32.9% increase from the previous period.
USD

Revenue (Q2, 2019)

209.6m

Gross profit (Q2, 2019)

150.4m

Gross profit margin (Q2, 2019), %

71.7%

Net income (Q2, 2019)

50.3m

EBIT (Q2, 2019)

52.8m

Market capitalization (18-Oct-2018)

13.5b

Closing stock price (18-Oct-2018)

93.5

Cash (31-Jul-2018)

511.7m
Veeva Systems's current market capitalization is $13.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

210.2m313.2m409.2m544.0m

Revenue growth, %

62%49%31%33%

Cost of goods sold

82.6m115.7m142.2m173.7m

Gross profit

127.5m197.6m267.0m370.4m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

55.0m66.7m75.7m83.8m89.9m98.1m106.9m119.8m131.3m142.8m157.9m166.6m195.5m209.6m

Cost of goods sold

21.4m26.0m28.1m30.4m32.0m33.5m37.0m41.1m42.2m43.9m48.9m50.4m60.2m59.2m

Gross profit

33.6m40.8m47.5m53.4m57.9m64.6m69.9m78.7m89.2m98.9m109.0m116.2m135.4m150.4m

Gross profit Margin, %

61%61%63%64%64%66%65%66%68%69%69%70%69%72%
Annual
usdY, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

13.8m16.9m31.9m262.5m129.3m132.2m217.6m

Accounts Receivable

Inventories

10.0m

Current Assets

353.7m501.8m501.0m711.9m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

257.1m188.9m140.1m132.1m107.6m119.8m108.6m245.9m210.4m206.1m365.7m409.2m310.8m460.2m511.7m

Accounts Receivable

20.9m

Inventories

11.7m

Current Assets

328.4m418.8m423.0m449.5m509.8m522.8m427.3m548.4m587.1m589.8m789.1m833.4m846.1m1.1b1.2b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

23.6m40.4m54.5m68.8m

Depreciation and Amortization

2.4m3.9m8.5m13.8m

Inventories

Accounts Payable

(1.3m)1.3m(494.0k)1.1m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2019Q2, 2019

Net Income

6.5m7.2m9.6m10.3m13.0m13.4m10.5m12.5m13.0m21.6m36.0m44.3m50.3m

Depreciation and Amortization

3.6m3.5m

Accounts Payable

1.8m2.1m5.3m3.9m7.2m4.6m6.4m5.0m5.2m2.0m(1.4m)

Cash From Operating Activities

150.6m86.8m
USDY, 2018

Financial Leverage

1.3 x
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Veeva Systems Operating Metrics

Veeva Systems's Customers was reported to be 500 in FY, 2016.
FY, 2016

Countries

39

Customers

500
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Veeva Systems Revenue Breakdown

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Veeva Systems revenue breakdown by business segment: 100.0% from North America

Veeva Systems revenue breakdown by geographic segment: 65.0% from Europe and other and 35.0% from Asia Pacific

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Veeva Systems Online and Social Media Presence

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Veeva Systems Blogs

The Opportunity to Unify Clinical and Quality Fuels MD&D Buzz at Veeva R&D Summit

Leaders from medical device and diagnostics (MD&D) companies using Veeva Vault to streamline and accelerate product development and commercialization gathered at the Veeva R&D Summit.

Automate Website Reviews in 3 Steps with Veeva Web2PDF

Life sciences marketers know the pain of consolidating a website for review and approval, a process usually executed by agencies – pages are captured as a series of screenshots and then consolidated into one PDF ready for review. Not only is this time-consuming and costly, but there is a high risk o…

Managing the Coming Data Tsunami in Life Sciences

Medical literature is doubling every three years, leading to an exponential growth in the volume of life sciences data. Companies increasingly rely on artificial intelligence to make sense of this vast data and identify new commercial opportunities. A next-generation commercial data warehouse helps …

Managing the Exponential Growth of Life Sciences Data

Medical literature is doubling every three years, leading to an exponential growth in the volume of life sciences data. Companies increasingly rely on artificial intelligence to make sense of this vast data and identify new commercial opportunities. A next-generation commercial data warehouse helps …

Lilly Discusses Variation Management at Veeva R&D Summit

As one of the most frequent, complex, and broad-reaching processes, Lilly knew that by improving variation management they could quickly make an impact on the company’s bottom line.

Five Essentials to Boosting Sales Effectiveness with Better Data

Data is foundational to making better, smarter decisions and getting closer to customers. That’s why 78% of commercial operations teams have a data quality initiative, or will have one in the next two years. Take these essential steps to boost your sales team’s effectiveness with better data.
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Veeva Systems Company Life and Culture

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