Why Veeva Systems Shot 10% Higher Today

Veeva Systems (NYSE: VEEV) ended the week in style, zooming higher by slightly over 10% on Friday. The reason why was simple -- quarterly results that blew past analyst expectations.

For Veeva's first quarter of its fiscal 2022, the healthcare data analytics and management specialist booked $433.6 million in revenue, 29% higher year over year. That was helped by a 26% increase in subscription services, in turn supported by a record quarterly addition of 59 new customers (Veeva's count now exceeds 1,000).

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Source Fool.com