Veeva Systems Inc. (VEEV) Presents at Annual William Blair Growth Stock Conference Transcript

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Veeva Systems Inc. (NYSE:VEEV) Annual William Blair Growth Stock Conference June 4, 2025 2:20 PM ETCompany ParticipantsBrian Van Wagener - Chief Financial OfficerConference Call ParticipantsDylan Tyler Becker - William Blair & Company L.L.C., Research DivisionDylan Tyler BeckerThank you, everybody. Appreciate your time and attention here. My name is Dylan Becker. I'm the research analyst here at William Blair that covers Veeva Systems. We have the CFO, Brian Van Wagener here with us today.For all of the necessary disclosures with today's presentation, you can find those on williamblair.com. But Brian, thank you for joining us.Brian Van WagenerThanks for having me.Question-and-Answer SessionDylan Tyler BeckerThere's varying levels of familiarity in the audience today. Obviously, Veeva has been a very successful business for quite a long time. But could you kind of help us level set the conversation, lay the land how Veeva and where Veeva was started, the problems you're looking to solve and how you think about kind of the life sciences ecosystem?Brian Van WagenerYes, absolutely. So Veeva was founded in 2007 by Peter Gassner, still our CEO, originally as a vertical CRM company. So we were built on the Salesforce platform, selling CRM. Initially, the life sciences. The thesis for the business at that time had been sell CRM into several different industry verticals.Over time, that evolved into the business as we have now, which is a vertically driven software business. So we're one of the few vertical software companies instead of selling one or a few products to all companies, all industries, we focus really exclusively on one industry today, which is the life sciences industry and have a little over 50 products across 8 different suites.So it's a pretty wide business. We were very