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Stock impact report

Why Veeva Systems Stock Gained 10% in March While the Market Plunged [The Motley Fool]

Veeva Systems Inc. Class A (VEEV) 
Last veeva systems inc. class a earnings: 3/3 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
What happenedShares ofVeeva Systems(NYSE:VEEV Global Market IntelligenceVeeva provides cloud-based software solutions primarily for the life sciences industry.For context, the 00recessionImage source: Getty Images.So whatWe can attribute Veeva Systems stock's market outperformance last month to the fact that the company is primarily focused on the life sciences industry, which includes pharmaceutical, biotech, and medical device companies, among others. These types of companies typically are more resilient during tough economic times because they produce products that are essential to many people.Veeva did release significant news last month -- its fourth-quarter and full-year results for fiscal 00. However, this March event didn't notably move its stock price relative to the broader-market's move.In Q, Veeva's total revenue jumped % year over year to $. million. Subscription services revenue grew % to $90.7 million. Reported earnings per share (EPS) declined 6.7% to $0., while EPS a Show less Read more
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