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Veeva Systems | 8-K: Current report

SEC announcement ·  Apr 1 16:07
Summary by Moomoo AI
Veeva Systems Inc. has announced several executive changes in a recent Form 8-K filing with the SEC. Brent Bowman will step down as Chief Financial Officer and Principal Financial Officer effective April 1, 2024, with Tim Cabral, a board member and former CFO, taking over as Interim CFO and PFO. The company clarified that Bowman's departure is not due to any misconduct or disagreements over financial results or practices. E. Nitsa Zuppas has been appointed as President and Chief of Staff, and Stacey Epstein will take over as Chief Marketing Officer, both effective April 1, 2024. Alan Mateo is set to retire as Executive Vice President, Global Sales, transitioning to an advisory role, while Tom Schwenger will become President and Chief Customer Officer. Additionally, Veeva reiterated its financial guidance for the upcoming quarter and fiscal year, projecting revenues between $640-643 million for the quarter ending April 30, 2024, and $2,725-2,740 million for the fiscal year ending January 31, 2025, with non-GAAP operating income estimated at approximately $1,070 million for the year.
Veeva Systems Inc. has announced several executive changes in a recent Form 8-K filing with the SEC. Brent Bowman will step down as Chief Financial Officer and Principal Financial Officer effective April 1, 2024, with Tim Cabral, a board member and former CFO, taking over as Interim CFO and PFO. The company clarified that Bowman's departure is not due to any misconduct or disagreements over financial results or practices. E. Nitsa Zuppas has been appointed as President and Chief of Staff, and Stacey Epstein will take over as Chief Marketing Officer, both effective April 1, 2024. Alan Mateo is set to retire as Executive Vice President, Global Sales, transitioning to an advisory role, while Tom Schwenger will become President and Chief Customer Officer. Additionally, Veeva reiterated its financial guidance for the upcoming quarter and fiscal year, projecting revenues between $640-643 million for the quarter ending April 30, 2024, and $2,725-2,740 million for the fiscal year ending January 31, 2025, with non-GAAP operating income estimated at approximately $1,070 million for the year.
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