Veeva Systems Q4 FY1/23 Earnings Review

A solid quarter and the stock is responding in kind. Read on!

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You At The Back! Stay Awake!

Vertical market enterprise software companies are no-one’s idea of exciting. First of all, for the most part nobody has heard of them. Secondly, they come with no bragging rights if you make big on the stock, and there’s no group commiseration if you mess up on the stock. It is a lonely and boring part of the market in which to invest.

Which is precisely the appeal, of course. Recurring revenue aplenty, high margins arising from limited competition, and rock-solid cashflow as a result of being able to charge customers upfront. These are the reasons to hold vertical market plays.

Veeva Systems VEEV 0.00%↑ - the leading provider of vertical market application software to the life sciences industry - delivered a rock solid quarter last week.  The stock flip-flopped in the immediate aftermath of earnings, before Everyone Decided It Should Go Up, whereupon it went up.  

Premium and Pro members, read on to see our review of financial fundamentals, our technical analysis of the stock, and our projected stock prices going forward.

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