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Deciphering Veeva (VEEV) International Revenue Trends
VEEVVeeva(VEEV) ZACKS·2024-12-11 15:16

Core Insights - Veeva Systems' international operations are crucial for understanding its financial strength and growth potential, especially given its extensive global presence in the life sciences industry [1][2][3] Revenue Performance - The total revenue for Veeva in the quarter ending October 2024 was 699.21million,reflectingayearoveryearincreaseof13.4699.21 million, reflecting a year-over-year increase of 13.4% [4] - International revenue breakdown shows Europe contributed 198.67 million (28.41%), Asia Pacific 68.66million(9.8268.66 million (9.82%), and Middle East, Africa, and Latin America 17.41 million (2.49%) [5][6][7] Regional Contributions - European revenue exceeded analyst expectations by 0.63%, while Asia Pacific and Middle East, Africa, and Latin America fell short of projections by 0.08% and 1.86%, respectively [5][6][7] - Year-over-year comparisons indicate Europe’s contribution increased from 172.47million(27.98172.47 million (27.98%) to 198.67 million (28.41%), while Asia Pacific's share decreased from 10.57% to 9.82% [5][6] Future Revenue Forecasts - Analysts predict Veeva's total revenue for the current fiscal quarter will be 698.1million,a10.7698.1 million, a 10.7% increase from the prior year, with expected contributions from Europe (29.1%), Asia Pacific (9.9%), and Middle East, Africa, and Latin America (2.6%) [8] - For the full year, total revenue is expected to reach 2.72 billion, a 15% increase from the previous year, with regional contributions of 29% from Europe, 9.8% from Asia Pacific, and 2.5% from Middle East, Africa, and Latin America [9] Market Dynamics - Veeva's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of its international revenue trends to project future performance [10] - The interconnected global economy and geopolitical factors are critical for analysts in refining earnings estimates for companies like Veeva [11] Stock Performance - Over the past four weeks, Veeva's stock has appreciated by 4.1%, outperforming the Zacks S&P 500 composite's 0.8% increase, and over three months, the stock rose by 14.6% compared to the S&P 500's 10.3% [14]