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Veeva Systems (VEEV) Stock Climbs in After-Hours Trade on Q2 Results, Guidance

NEW YORK (TheStreet) -- Shares of Veeva Systems (VEEV) were gaining in after-hours trading on Tuesday after the company reported better-than-expected earnings and revenue for the 2017 fiscal second quarter.

Following the closing bell, the Pleasanton, CA-based cloud software solutions company posted adjusted earnings of 15 cents per diluted share, which beat analysts' estimates of 13 cents per share.

Revenue jumped 34% year-over-year to $131.3 million, topping Wall Street's projections of $126.6 million.

"Veeva's powerful industry cloud model is enabling the company to post...