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Veeva Stock Drops After Customer Chooses Salesforce, Baird Sees Manageable Ramifications


Veeva headquarters in Pleasanton, California, USA

JHVEPhoto/iStock Editorial via Getty Images

Veeva Systems (New York Stock Exchange: VEEV) shares fell approximately 3% on Wednesday after an executive said a customer chose Salesforce (CRM), which also sparked reactions from analysts.

Veeva and Salesforce develop customer relationship management, or CRM, software for enterprise customers.

“We hope to win the



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