Cloud Stocks: Veeva Sees Strong Product Adoption
According to a recent report, the global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its quarterly results that continued to impress the market. The company is focusing on driving adoption of its products as it migrates away from the Salesforce CRM to its own solution. Veeva's Financials Veeva's Q2 revenues grew 10% to $590.2 million, ahead of the Street's forecast of $577.7. On an adjusted basis, it reported an EPS of $1.21, surpassing the Street's estim...
Source: sramanamitra.com