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Veeva Systems Inc. Message Board

  • busy26795 busy26795 Mar 7, 2014 3:48 PM Flag

    Jim Cramer's Commments last time VEEV CEO was on in case you forgot

    Jim: Earlier this week, when I went out to's Dreamforce Conference in San Francisco, I told you that the cloud computing revolution will not be televised, because it's all about helping businesses do things better for less money, which has nothing to do with capturing the imagination of the broader public. That's why all week I've been trying to draw your attention to the red-hot cloud stocks that you might not even know about. Stocks like Veeva, VEEV. That's the cloud-based software play that came public five weeks ago, and shot up over 85% on its first day of trading.

    Jim: Veeva helps pharmaceutical sales reps optimize their selling processes. It's like a big pharma version of Workday, WDAY, which you heard about earlier this week. And while Veeva is incredibly expensive by any stretch of the imagination, it has something that many other cloud-based, software-based plays do not have. Veeva's profitable! It has no debt. And the company still has a major runway for growth. Remember this. Veeva trades off of the possibilities and the opportunities. Not off the price-to-earnings multiple.

    At Dreamforce on Monday, I got to talk with Peter Gassner. He is the co-founder and CEO of Veeva Systems. Take a look...

    Jim then interviewed Veeva's CEO, where they discussed their current outlook.

    Sentiment: Strong Buy

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    • Jim: Alright, let's talk about profitability. There's a lot of talk about bubbles everywhere. Your company only need $4 million to get going, and you're making money?

      Gassner: Yeah. We're doing things the old-fashioned way. We feel like, you know, if you're going to sell lemonade, you better charge more than the cost of the lemons, right? So yes, I mean, I'm making a bit of a joke there, but we've been profitable since our third year, and consistently kept cash flow positive. And we've also had high growth and profitability. And that's really a unique combination that you don't see in cloud. But it's possible in this industry, cloud, because we know exactly who we're trying to serve. Our customers, we're trying to help them be successful. We know we want to make software exactly for their business needs...

      Jim: Right.

      Gassner: ...and we know who we're trying to market and sell it to. So it's not confusing. It's a nice simple business. And therefore, it allows us to be profitable.

      Jim's comments AFTER the interview: I want to congratulate you for a successful IPO, and making a lot of people a lot of money, and making money for the company, which I think matters tremendously. It's a real-life, profitable company! Buy Buy Buy!

      Sentiment: Strong Buy

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