Veeva Systems Inc. (VEEV) shares declined 4.9% in early Thursday trading. The company stated that following the resolution of a long-standing dispute with healthcare data and technology solutions provider IQVIA, it now faces expansion opportunities in commercial cloud and artificial intelligence sectors.
Veeva Systems is a provider of cloud-based software solutions for the global life sciences industry.
The company reported second-quarter revenue of $789 million and expressed confidence in its plan to achieve $6 billion in revenue over the next five years.
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