How profitable are Salesforce and Veeva?
Unlike many recent high-growth tech IPOs, Salesforce and Veeva are both profitable by GAAP and non-GAAP measures. Salesforce expects its non-GAAP earnings to increase 55% this year, but Wall Street analysts expect a 25% decline in fiscal 2022 as it integrates its $27.7 billion takeover of Slack ( NYSE:WORK).
How much does Veeva pay per hour?
The average Veeva Systems hourly pay ranges from approximately $16 per hour for a Data Steward to $16 per hour for a Data Steward. Veeva Systems employees rate the overall compensation and benefits package 3.8/5 stars. What is the highest salary at Veeva Systems?
What is the future potential of Veeva software?
And Veeva ranks high as far as future potential goes with its focus on software for biotech, pharmaceutical, and more recently, consumer goods (like cosmetics and chemicals) companies.
What does Veeva do for the pharmaceutical industry?
Veeva built its CRM platform on top of Salesforce's cloud platform, and it will likely renew that partnership after it expires in 2025. Veeva's CRM platform helps drug companies maintain customer relationships. Its other major cloud service, Vault, helps drugmakers store and analyze data while tracking clinical trials and regulations.
Does Veeva Systems pay well?
The higher paying positions at Veeva Systems include Engineering Manager, Senior Software Engineer, Principal Consultant, and Salesforce Developer. A worker with the title Engineering Manager salary at Veeva Systems can earn an average yearly salary of $166,137.
Does Veeva use Salesforce?
Veeva uses Salesforce's hosting infrastructure and some of their cloud solutions are based on Salesforce1 platform.
Which is better Veeva or Salesforce?
The winner: Salesforce Its business is better diversified, its stock is cheaper, and its takeover of Slack -- like its purchases of MuleSoft and Tableau -- should improve its ecosystem, lock in its customers, and widen its moat against its smaller rivals.
What is the difference between Salesforce and Veeva?
Salesforce Sales Cloud is a cloud-based Customer Relationship Management (CRM) application from Salesforce. Sales Cloud helps... Veeva CRM is a cloud-based CRM system for the life sciences industry.
What is veeva in Salesforce?
Veeva CRM is the most widely used life sciences CRM solution, preferred by field teams to drive intelligent engagement. Delivering best-in-class customer engagement, Veeva CRM aligns all customer-facing resources and interactions to deliver a personalized, coordinated customer experience across channels.
How is Salesforce used in pharmaceutical industry?
Salesforce can help pharma companies to drive their revenue with advanced customer acquisition methods. Companies can promote cross-selling and upselling strategies that could improve marketing and hence provide better sales.
Is veeva similar to Salesforce?
Veeva continues as salesforce.com's preferred worldwide partner for the pharmaceutical and biotech industry. The agreement includes minimum payment commitments from Veeva over the term of the extension.
Is veeva any good?
Veeva Vault is an Excellent cloud based platform that provide an excellent user experience to manage documents. Implementation was easy and users like it. Fast and easy implementation. Users love the product as the user experience is very good.
Is veeva a CRM?
The Veeva CRM suite of products is the proven and most advanced CRM solution for the life sciences industry.
What does veeva stand for?
Veeva, a variant of the Latin word viva which means “to live,” attests to the company's singular commitment to the life sciences industry, and to fulfilling its mission of delivering all of the benefits of Software-as-a-Service (SaaS) to every facet of the global life sciences industry.
Is veeva a SaaS company?
Veeva Systems Inc. is an American cloud-computing company focused on pharmaceutical and life sciences industry applications. Headquartered in Pleasanton, California, it was founded in 2007 by Peter Gassner and Matt Wallach. It works with software as a service (SaaS) in the life-science industry.
What is Veeva Vault?
Veeva Vault is a true cloud enterprise content management platform and suite of applications specifically built for life sciences. Traditionally, companies have had to deploy applications for content and separate applications to manage associated data.
How much does Veeva Systems pay?
The average Veeva Systems salary ranges from approximately $62,924 per year for an Associate to $211,458 per year for a Director, Product Managemen...
What is the highest salary at Veeva Systems?
The highest-paying job at Veeva Systems is a Director, Product Management with a salary of $211,458 per year.
What is the lowest salary at Veeva Systems?
The lowest-paying job at Veeva Systems is an Associate with a salary of $62,924 per year.
Are Veeva Systems employees satisfied with their compensation?
Veeva Systems employees attributed a compensation and benefits rating of 3.8/5 stars to their company. Read what they think about their salaries on...
Find Veeva Systems Salaries by Job Title
1,156 Veeva Systems employees have shared their salaries on Glassdoor. Select your job title and find out how much you could make at Veeva Systems.
What people are saying about Tech salaries
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Find Veeva Salaries by Job Title
14 Veeva employees have shared their salaries on Glassdoor. Select your job title and find out how much you could make at Veeva.
What people are saying about Veeva salaries
Anyone have any experience with Veeva Business Consulting? Any success negotiating a base salary and TC?
What people are saying about Tech salaries
Let's see what we are all making. Include current salary, location, job role (e.g. Software Engineer; Product Manager) and YoE please. Reply using your comapny.
Company Updates
It has come to our attention that there has been fraudulent activity by scammers representing themselves as Veeva recruiters. It appears they are using fraudulent pages on popular job sites including, but not limited to LinkedIn, Glassdoor, Indeed, Uzoes, and Foundationlist.
Who is the CEO of Veeva?
Peter Gassner -- Veeva's founder and CEO -- was an executive at Salesforce when he realized the cloud needs of the pharmaceutical industry were so specific that they needed a tailored solution. At the time, Salesforce couldn't provide that. So, Gassner decided to start Veeva to address the situation.
Is Veeva Vault a high cost?
Veeva's switching costs are equally high. When a company decides to use Veeva Vault, it can do pretty much everything from collecting data from clinical trials to monitoring if there are any safety concerns with a drug already on the market.
How much will Veeva revenue be in 2021?
Veeva's revenue rose 35% year over year in the first nine months of fiscal 2021, which also ended in January. It expects its revenue to rise 31% this year, and climb another 18% to over $1.7 billion in 2022 after its laps its recent acquisitions of Crossix and Physicians World.
How much will Salesforce increase in 2022?
Image source: Getty Images. Salesforce expects its revenue to rise 23% for the full year, and increase another 21% to roughly $25.5 billion in fiscal 2022. It also reiterated its long-term goal of doubling its annual revenue to more than $50 billion by fiscal 2026.
Who owns the largest CRM platform?
Salesforce owns the world's largest cloud-based CRM platform. It controls nearly 20% of the market, according to IDC, while its closest rivals all hold single-digit shares. It also provides related cloud-based services for analytics, marketing, and e-commerce.
Does Veeva have a CRM?
Veeva built its CRM platform on top of Salesforce's cloud platform, and it will likely renew that partnership after it expires in 2025. Veeva's CRM platform helps drug companies maintain customer relationships. Its other major cloud service, Vault, helps drugmakers store and analyze data while tracking clinical trials and regulations.
These two "digital transformation" businesses are on a tear this year
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
A life sciences technology pure play
Over the last five years, Veeva stock has been a 10-bagger, returning shareholders over 1,000%. While trailing-12-month revenue is up "only" about 200% over that span of time, the company's free cash flow (revenue less cash operating and capital expenses) per share is up over 700%.
A massive digital transformation ecosystem
Salesforce is a good example of why I wouldn't bet against Veeva even though it's currently at sky-high valuations. Salesforce was once a small-ish but scrappy cloud software company developing services in the customer relationship management (CRM) niche.
Which is the better buy?
Choosing a better buy here is tough. But for investors looking for the most upside potential over the next decade, Veeva is a great pick as the younger company, even with an incredibly high valuation and more focused (and smaller) industry. That's not to say Salesforce should be ignored, though.
Financial Fortitude
valuation
- Next we have to determine if one of these companies is "cheaper" than the other. This is not an exact science. To get a better idea of how "expensive" each stock may be, I like to consult a couple of metrics. Data sources: Yahoo! Finance, YCharts, E*Trade. P/E presented using non-GAAP earnings. Again, the companies are fairly close. Consider that the average S&P 500 comp…
Sustainable Competitive Advantages
- Finally, we have what I consider to be the most important thing to evaluate: a company's sustainable competitive advantage -- or moat. Over the long run, a moat is what allows a company to continue fulfilling its stated mission while the competition isn't able to make a dent. Both Veeva and Salesforce benefit -- first and foremost -- from high switching costs. When a company sets …
and My Winner is...
- Both of these companies benefit from wide moats via high switching costs. Veeva has a slightly stronger financial position, while Salesforce has a slightly more favorable stock price. When there's a tie like this, I normally side with the company that has a wider moat. Here, that's also a tie. My second tie-breaker lands wherever I have my own skin in the game. In this case, that's Ve…