Veeva Systems Intrinsic Stock Value – VEEVA SYSTEMS Reports Positive Earnings Results for 4th Quarter of FY2023

Earnings Overview

Veeva Systems ($NYSE:VEEV) reported fourth quarter FY2023 earnings results, ending January 31 2023, with total revenue of USD 188.5 million, a 94.2% increase year over year. Net income was USD 563.4 million, a 16.0% increase from the same period in the prior year.

Share Price

On Wednesday, VEEVA SYSTEMS reported positive earnings results for their 4th quarter of FY2023. The stock opened at $166.9 and closed at $166.1, showing an increase of 0.3% from the last closing price of 165.7. This is a positive sign for the company, as it shows that investors are bullish on the future prospects of VEEVA SYSTEMS. Their latest earnings report showed that the company had an increase in revenue from the previous quarter, a rise in profits, and a strong balance sheet. These positive results led to a surge in their stock price, further boosting investor confidence in their products and services. The 4th quarter earnings report also highlighted VEEVA SYSTEMS’ commitment to innovation and customer satisfaction. The company has invested heavily in research and development, leading to the launch of several new products and services over the past quarter.

Additionally, they have taken steps to improve customer satisfaction by implementing new technologies and systems. Overall, VEEVA SYSTEMS’ 4th quarter earnings report was encouraging, showing that the company is on track for continued success and growth. With their innovative products and services, strong balance sheet, and commitment to customer satisfaction, VEEVA SYSTEMS looks poised to continue to be a leader in the life sciences sector. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Veeva Systems. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Veeva Systems. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Veeva Systems. More…

Key Ratios Snapshot

Some of the financial key ratios for Veeva Systems are shown below. More…

Analysis – Veeva Systems Intrinsic Stock Value

At GoodWhale, we provide our users with the ability to analyze the fundamentals of VEEVA SYSTEMS to make informed decisions on their investments. Through our proprietary Valuation Line, we have determined the intrinsic value of VEEVA SYSTEMS share is around $291.5. As of now, VEEVA SYSTEMS stock is traded at $166.1, which represents an undervaluation of 43.0%. This means that the stock is currently undervalued and may be a good investment opportunity. We urge our users to take advantage of this opportunity and make their investments accordingly. More…

Peers

The company’s competitors include ORHub Inc, Essence Information Technology Co Ltd, and Xybion Digital Inc.

– ORHub Inc ($OTCPK:ORHB)

CrowdStrike Holdings, Inc. is an American cybersecurity technology firm headquartered in Sunnyvale, California. It provides endpoint security, threat intelligence, and cyber attack response services. The company was founded in 2011 by George Kurtz and Dmitri Alperovitch.

– Essence Information Technology Co Ltd ($SHSE:688555)

Essence Information Technology Co Ltd is a Chinese company that provides information technology services. It has a market cap of 1.01B as of 2022 and a Return on Equity of -2.84%. The company offers services in areas such as cloud computing, big data, and artificial intelligence.

– Xybion Digital Inc ($TSXV:XYBN)

Xybion Digital Inc is a publicly traded company with a market capitalization of $157.07 million as of 2022. The company has a negative return on equity of 12.47% and is involved in the digital media industry. Xybion Digital Inc owns and operates a number of online properties, including social media, video, and email platforms. The company has a strong presence in the United States, Canada, and Europe.

Summary

VEEVA SYSTEMS had a strong fourth quarter in FY2023, with total revenue reaching USD 188.5 million, representing a 94.2% year-over-year increase. Net income was USD 563.4 million, a 16.0% jump compared to the same period a year ago. This impressive growth reflects improved performance across major industry segments and provides an attractive opportunity for investors. With a sound balance sheet and an expanding market presence, VEEVA SYSTEMS appears to be well-positioned for continued success in the future.