Veeva Systems (VEEV) has provided an update.
Veeva Systems Inc. has announced the exit of Brent Bowman, its Chief Financial Officer, effective April 1, 2024, with Tim Cabral stepping in as the Interim CFO to ensure a smooth transition. The company has also confirmed its financial guidance for the upcoming quarter and fiscal year, projecting revenues between $640-643 million and $2,725-2,740 million, respectively, with non-GAAP operating income estimates of approximately $247 million for the quarter and $1,070 million for the year. Veeva emphasizes that Bowman’s departure is amicable, with no underlying issues related to the company’s financial practices or performance.
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