Cash ManagementVeeva's cash balance has more than doubled in the past 3 years to $4.7bn, providing optionality for inorganic growth and shareholder returns, which could include potential M&A and buybacks.
Financial PerformanceVeeva posted steady Q1 results with 13% normalized revenue growth and 40% non-GAAP operating margins, both slightly ahead of estimates, indicating strong financial performance.
LeadershipBrian Van Wagener will become Veeva CFO following a transition period, bringing broad experience in strategic planning, global operations, and finance, which is expected to strengthen Veeva's leadership team.