Veeva authorized to purchase up to $2B of shares of Class A common

Veeva (VEEV) Systems announced that its board of directors approved a share repurchase program with authorization to purchase up to $2B of shares of its Class A common stock. “The breadth of our multi-product business, paired with a focus on operational discipline, innovation, and customer success, continues to drive financial outperformance and robust cash generation. This strength provides Veeva the healthy balance sheet to invest in the significant opportunities ahead and to return capital to shareholders. These ongoing investments in product excellence and the launch of our first ever share repurchase program reflect the confidence we have in our long-term growth trajectory and the enduring value we can deliver across the life sciences industry,” said CFO Brian Van Wagener.