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Is Veeva Systems Stock a Buy?

TheMotleyFool

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Is Veeva Systems Stock a Buy?Photo, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Veeva Systems' (NYSE: VEEV) stock price fell 5% following the release of the company's second-quarter earnings report on Sept. 1, even though the cloud-based services company beat analysts' estimates and raised its full-year guidance.

Veeva's revenue rose 29% year over year to $455.6 million, exceeding estimates by $4.7 million. Its adjusted net income increased 31% to $152.7 million, or $0.94 per share, which topped expectations by eight cents.

For the full year, Veeva expects its revenue and adjusted earnings to increase by 25% and 21%, respectively. It's raised its full-year top- and bottom-line guidance for three consecutive quarters.

Source Fool.com

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