Veeva confirms loss of Genentech deal, says impact minimal

|About: Veeva Systems Inc. (VEEV)|By:, SA News Editor

Following a column from SA author Suhail Partners reporting Veeva (VEEV) has lost Genentech as a cloud CRM software client, Veeva has confirmed its subscription agreement with Genentech expired last July.

However, Veeva adds Genentech was at no point a top-20 customer over its last eight quarters, and doesn't think "the circumstances that led to the expiration of the Genentech Agreement are indicative of any trend among its customer base generally"