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Veeva Systems
Stock
Stock
ISIN: US9224751084
Ticker: VEEV
US9224751084
VEEV
Price
Discussion about VEEV
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112Wkยท
$VEEV (+0.84%) Veeva Systems reported earnings
Q3 FY2025 results ended on October 31st 2024
- Total revenue: $699.2M, +13% YoY
- Net income: $185.8M, +37% YoY
- Subscription services revenue: $580.9M, +17% YoY
- Non-GAAP operating income: $304.0M, +30% YoY
CEO Peter Gassner: "It was a great quarter of innovation and excellent execution across the board. Especially significant was the hard work for the long term. We deepened a number of large, highly strategic relationships and are set to deliver the next generation of CRM this month with Vault CRM Suite."
๐ฑRevenue & Growth
- Commercial Solutions subscription revenue: $278.4M, +11% YoY
- R&D Solutions subscription revenue: $302.5M, +24% YoY
- Professional services revenue: $118.4M, -3% YoY
- Non-GAAP gross margin: 77.3% vs 75.4% last year
๐ฐProfits & Financials
- Operating income: $181.4M, +41% YoY
- Operating margin: 25.9% vs 20.8% last year
- Diluted EPS: $1.13 vs $0.83 last year
- Cash and investments: $5.06B as of October 31, 2024
๐Business Highlights
- Over 30 customers now live on Vault CRM
- Seven migrations from Veeva CRM to Vault CRM on track for completion
- Fourth top 20 biopharma committed to Vault CRM in November
- Added 25+ new Quality Suite customers, total now over 600
- Announced three new AI innovations for late 2025 release
๐ฎFuture Outlook
- Q4 revenue guidance: $696M-$699M
- Q4 non-GAAP operating income: ~$275M
- FY2025 revenue guidance: $2,722M-$2,725M
- FY2025 non-GAAP operating income: ~$1,120M
33
3Monยท
Do you think this is still a good ETF? A few years ago I bought Wisdom Cloud Computing ETF $WCLD (+1.16%)
It is an ETF where I have the most losses but I personally think it still has a future.
The ETF consists of:
Samsara Inc-Cl A 1.86% $IOT
Gitlab Inc-Cl A 1.86% $GTLB (+6.98%)
Box Inc - Class A 1.82% $BOX (-0.1%)
Zoominfo Technologies Inc-A 1.80% $ZTNO
Zoom Video Communications-A 1.79% $ZM (+0.91%)
Mongodb Inc 1.78% $MDB (-0.58%)
Veeva Systems Inc-Class A 1.75% $VEEV (+0.84%)
AvePoint Inc 1.71% $AVPT
Workday Inc 1.67% $WDAY (+1.08%)
Dropbox Inc-Class A 1.66% $DBX (+1.99%)
Remaining Portfolio 82.30%
I am curious about your opinion!
22
8 Comments
3Mon
The ETF should hold positions in companies like Microsoft, Google, Adobe, Amazon, Salesforce, and Oracle. But positions like Zoom and Workday are garbage. What cloud services do people actually use? The ones from Google, Microsoft, and Appleโnot Dropbox. This ETF is a complete joke.
โข
22
โข
3Monยท
Earnings times today (+6h for CEST) โฐ
Real-time results & analysis: https://t.me/Aktien_Stammtisch
88
6 Comments
3Mon
I don't like the fact that so much attention is being focused on earnings right now.
Good times to invest have actually always been when nobody was interested in earnings...
Good times to invest have actually always been when nobody was interested in earnings...
โข
2020
โข
3Yrยท
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ก๐ฒ๐๐ ๐๏ธ
๐ก๐ฒ๐๐ฒ ๐ง๐๐ถ๐๐๐ฒ๐ฟ ๐ฆ๐ฝ๐ถ๐๐๐ฒ / ๐๐ถ๐ฝ๐ต๐ ๐บ๐๐๐ ๐๐ฒ๐ด / ๐ฉ๐ถ๐ฟ๐๐ ๐๐ผ๐ถ๐ป
๐๐ -๐๐ฎ๐๐ฒ๐ ๐
As of today, among others, Goldman Sachs ($GS (+1.09%)), The Home Depot ($HD (+1.1%)), Nvidia ($NVDA (+2.01%)) and Qualcomm ($QCOM (+2.48%)) are trading ex-dividend.
๐ค๐๐ฎ๐ฟ๐๐ฎ๐น๐๐๐ฎ๐ต๐น๐ฒ๐ป ๐
Today, among others, CrowdStrike ($CRWD (+2.85%)), Okta Inc. ($OKTA (+0.68%)), Royal Bank of Canada ($RY (+0.23%)), Snowflake Inc. ($SNOW (+0.59%)), Synopsys ($SNPS (-1.06%)) and Veeva Systems ($VEEV (+0.84%) )presented their figures.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐๏ธ
Twitter ($TWTR) - Jack Dorsey is stepping down from his role as CEO. He is succeeded by former chief technology officer Agrawal. The Stanford graduate enjoys a good reputation within Twitter, but his promotion to CEO comes as a surprise to the staff, who would have preferred an established manager from the tech world. Agrawal has big tasks ahead of him, as Twitter is exposed to strong competitive pressure, but ex-CEO Jack Dorsey trusts him blindly.
Meta ($FB (-2.23%)) - The U.K.'s competition watchdog CMA classifies Meta's acquisition of Giphy as anti-competitive and calls for a resale. It says the deal creates significant market power that would make it harder for other platforms to access GIF files.
๐๐ฟ๐๐ฝ๐๐ผ ๐
Omicron ($OMIC (+0.01%)) - When you hear this word, the first thing that comes to mind is the new Covid-19 variant, but in this case, we are talking about cryptocurrencies.
Omicron token, which was very unknown a few days ago, gained 1100% in value thanks to the Covid-19 viral mutation of the same name.
On November 27, the token was trading at $64 and jumped up to $711 by November 29.
However, within a few hours, the token lost 75% again.
Today, the Omicron Coin is trading at around $500.
Bitcoin ($BTC (-1.79%)) - not a safe haven after all?- While many investors call Bitcoin a safe haven when other assets like stocks & precious metals crash, reality shows otherwise.
Last Friday, Bitcoin fell 6% after it came out that there is a new viral mutation. The S&P 500 (US78378X1072) lost only - 2.44%.
Bitcoin also lost 26% during the first Coronacrash in March 2020.
Craig Erlam, senior market analyst at OANDA has this to say:
"This has dealt a fatal blow to its reputation as a safe haven".
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