Veeva Systems Expands Global AWS Collaboration

Amazon Web Services (AWS) and Veeva Systems have expanded their long-standing collaboration, significantly enhancing Veeva's global software and data offerings. Veeva utilizes AWS's cloud infrastructure for over 50 applications, including the Veeva Vault CRM Suite, and is now integrating Amazon Connect into its Vault CRM Service Center to improve customer experience with AI-native solutions. AWS recently joined Veeva’s AI Partner program, signaling a deeper partnership aimed at supporting evolving life sciences industry needs. Analysts rate both companies as 'Outperform,' with Veeva's average price target around $292.62 and Amazon's at $242.39, reflecting potential modest upside. Despite positive market sentiment, GuruFocus valuations suggest a slight downside for both stocks based on fair value estimates. Executives from both companies emphasized the decade-long successful partnership and their commitment to delivering secure, scalable, and innovative cloud solutions to life sciences customers worldwide.