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Veeva Systems Inc Investor Day Transcript

Published Nov 07, 2024

33 pages (21456 words) — Published Nov 07, 2024

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Abstract:

Edited Transcript of VEEV.N corporate analyst meeting

Brief Excerpt:

...Thank you, everyone, for joining us on the webcast today for our 2024 Investor Day. I'm Gunnar Hansen, Head of Investor Relations here at Veeva. Please feel free to contact me if you need anything during today's event or if you have any questions in the future. Some quick notes before we begin. We have a series of presentations for the next 60 minutes or so, including comments from a customer. (Operator instructions) If you have any technical questions, please feel free to submit them to the Q&A widget or e-mail them to ir@veeva.com. Before we get started, I'll read a quick disclaimer. During the course of today's presentation, we will make forward-looking statements, including statements regarding trends, our strategies, market size and opportunities and the anticipated performance of our business, including guidance regarding future financial results. These forward-looking statements are based on management's current views and expectations and are subject to various risks and uncertainties....

Report Type:

Transcript

Source:

Thomson StreetEvents

Company:

Veeva Systems Inc

Ticker

VEEV.N

Time

9:30pm GMT

Format:

PDF

The following is excerpted from the question-and-answer section of the transcript. (Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session) Question: Rishi Jaluria - RBC Capital Markets - Analyst : Apologies for that. Zoom decided to crash halfway through becoming a panel. (multiple speakers) But we really appreciate the time, all the detail, new target models and everything like that. Maybe just two quick ones. Peter, I want to ask a little bit more about the push into horizontal apps. I recognize it's still early. I remember when we used to talk about Vault OLS and the opportunity there, and this almost feels like a little bit of a continuation of that. Maybe help us understand, though, what's driving the desire to go into that and given that there's a lot of opportunity in life sciences, you're going through this transition from Veeva CRM to Vault CRM, which is obviously a very big heavy lift. Why not maybe explore opening up the Vault platform and let other ISVs build on top of that, you're obviously very, very familiar better than any of us with how successful an open platform strategy can be. So maybe you can walk us through the thinking and logic there, feedback from customers? And then I've got a quick follow-up. Question: Rishi Jaluria - RBC Capital Markets - Analyst : Yes. Understood. That's helpful color. And then maybe I want to understand, and maybe this is for all of you and for Brian, especially what, why introduce a 2030 model today? I mean there's still the 2025 model out there. It's still a year away. Obviously, you're on track to achieve it or maybe even slightly exceeded 2030 is a long time away. We don't know how the CRM transition is going to go, all these new initiatives. What drove the decision to give such a long-term outlook today? Thanks. REFINITIV STREETEVENTS \| www.refinitiv.com \| Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 07, 2024 / 9:30PM, VEEV.N - Veeva Systems Inc Investor Day Question: Rishi Jaluria - RBC Capital Markets - Analyst : Thank you so much.

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Rishi Jaluria - RBC Capital Markets - Analyst : Apologies for that. Zoom decided to crash halfway through becoming a panel. (multiple speakers) But we really appreciate the time, all the detail, new target models and everything like that. Maybe just two quick ones. Peter, I want to ask a little bit more about the push into horizontal apps. I recognize it's still early. I remember when we used to talk about Vault OLS and the opportunity there, and this almost feels like a little bit of a continuation of that. Maybe help us understand, though, what's driving the desire to go into that and given that there's a lot of opportunity in life sciences, you're going through this transition from Veeva CRM to Vault CRM, which is obviously a very big heavy lift. Why not maybe explore opening up the Vault platform and let other ISVs build on top of that, you're obviously very, very familiar better than any of us with how successful an open platform strategy can be. So maybe you can walk us through the thinking and logic there, feedback from customers? And then I've got a quick follow-up.

Question: Rishi Jaluria - RBC Capital Markets - Analyst : Yes. Understood. That's helpful color. And then maybe I want to understand, and maybe this is for all of you and for Brian, especially what, why introduce a 2030 model today? I mean there's still the 2025 model out there. It's still a year away. Obviously, you're on track to achieve it or maybe even slightly exceeded 2030 is a long time away. We don't know how the CRM transition is going to go, all these new initiatives. What drove the decision to give such a long-term outlook today? Thanks. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 07, 2024 / 9:30PM, VEEV.N - Veeva Systems Inc Investor Day

Question: Rishi Jaluria - RBC Capital Markets - Analyst : Thank you so much.

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MLA:	Thomson StreetEvents. "Veeva Systems Inc Investor Day Transcript" Nov 07, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Veeva-Systems-Inc-Investor-Day-T16145788>

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