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Why Veeva Systems Shares Are Diving Friday

Veeva Systems Inc. (NYSE:VEEV) shares are trading lower after it reported first-quarter FY25 results. Revenue rose 24% Y/Y to $650.3 million, beating the consensus of $642.02 million. Subscription services revenues increased 29% Y/Y to $534.0 million. Adjusted operating income grew 66% Y/Y to $260.9 million in the quarter. Adjusted EPS of $1.50, beating the consensus of $1.43. As ...