Strong Financial Performance
Veeva Systems reported a total revenue of $699 million and a non-GAAP operating income of $304 million, exceeding guidance for the third quarter.
Significant Progress with Vault CRM
Veeva announced significant advancements with Vault CRM, including broad-based adoption and customer transitions. The company secured its fourth top 20 biopharma commitment.
Crossix and Commercial Growth
Crossix contributed to the growth in the commercial segment with innovations in audience targeting and a strong data network. The commercial growth rate was 11%.
Safety Solutions Approaching Tipping Point
Veeva's safety solutions are nearing a tipping point, bolstered by recent product expansions like Safety Signal and Safety Workbench.
Strategic Partnership with Walgreens
Veeva's data network was strengthened by a new strategic partnership with Walgreens, enhancing the capabilities of Compass and Crossix.