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Veeva Systems (VEEV) Gains as Market Dips: What You Should Know

Veeva Systems, Inc. (VEEV) has been on a roll lately, with its shares rising despite the broader market's decline. The company, which provides cloud-based software solutions for the life sciences industry, has been gaining traction with its strong financials and growth prospects.

In the latest quarter, Veeva reported revenue of $543.5 million, up 24.1% year-over-year. The company's non-GAAP earnings per share (EPS) came in at $0.41, beating the consensus estimate of $0.39. Veeva's strong performance was driven by the growth of its Customer Engagement and Market Research businesses, as well as the continued adoption of its Veeva Vault and Veeva CRM products.

Veeva's growth prospects are also looking up, with the company guiding for revenue growth of 22-24% in the current quarter. This guidance is in line with the consensus estimate, and reflects the company's continued momentum in the life sciences industry.

The market's decline has created an opportunity for investors to buy Veeva at a discount. The company's shares are currently trading at around $240, down from their 52-week high of $264. This presents a buying opportunity for investors who are looking to get in on the ground floor of a growing company.

Overall, Veeva's strong financials and growth prospects make it an attractive investment opportunity for those looking to capitalize on the company's momentum. With its shares trading at a discount, now may be the time to consider adding Veeva to your portfolio.