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Veeva Systems (VEEV) CEO Gassner Tells CNBC To Expect Future Consolidation In Cloud Computing

NEW YORK (TheStreet) -- Shares of Veeva Systems (VEEV) are up by 7.49% to $40.46 in early afternoon trading on Wednesday, as the company rides a surge brought on by its release of strong second quarter results after Tuesday's closing bell.

Veeva, a cloud computing company that specializes in pharmaceuticals and life sciences, posted adjusted earnings of 15 cents per diluted share on revenue of $131.3 million, which beat analyst estimates of 13 cents per...