5 Reasons to Buy Veeva Systems Stock After Its Q1 Earnings Beat

Veeva Systems' (NYSE: VEEV) stock price recently popped after the cloud services company posted solid numbers for the first quarter of fiscal 2022. Its revenue rose 29% year over year to $433.6 million, beating estimates by $23.5 million. Its adjusted net income grew 40% to $146.9 million, or $0.91 per share, which also topped expectations by $0.13.

Those headline numbers were impressive, but investors might be reluctant to buy Veeva's stock as the market rotates from high-growth stocks toward value stocks and reopening plays. However, I believe Veeva remains a solid long-term investment, for five simple reasons.

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Source Fool.com