Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Veeva Systems Inc Class A / Equity Bottom-Up

<ul><li>Veeva Systems reported its fiscal second quarter results for 2025, showcasing strong performance with totals exceeding guidance.</li><li>For the quarter ending July 31, 2024, the company achieved total revenue of $676 million and a non-GAAP operating income of $280 million.</li><li>These figures reflect Veeva System's robust product strategy execution, including strategic customer wins and key product expansions, such as the release of Veeva Site Connect and the introduction of Service Center in the CRM suite.</li></ul>

Veeva Systems reported its fiscal second quarter results for 2025, showcasing strong performance with totals exceeding guidance.For the quarter ending July 31, 2024, the company achieved total revenue of $676 million and a non-GAAP operating income of $280 million.These figures reflect Veeva System's robust product strategy execution, including strategic customer wins and key product expansions, such as the release of Veeva Site Connect and the introduction of Service Center in the CRM suite.

Veeva Systems: Continued Expansion and Adoption of Vault Platform As A Key Growth Lever! - Major Drivers

<ul><li>Veeva Systems had a solid start to the year with first-quarter results that exceeded the company's guidance.</li><li>The total revenue during the quarter reached $650 million, and the non-GAAP operating income was $261 million.</li><li>Despite facing macroeconomic headwinds, the company managed to execute well and deliver customer success.</li></ul>

Veeva Systems had a solid start to the year with first-quarter results that exceeded the company's guidance.The total revenue during the quarter reached $650 million, and the non-GAAP operating income was $261 million.Despite facing macroeconomic headwinds, the company managed to execute well and deliver customer success.

Veeva Systems: Can The Growth Potential Offered By Vault CRM Catalyze Growth? - Major Drivers

<ul><li>Veeva Systems posted robust results for its Q4 and Fiscal 2024 year during its earnings call.</li><li>Revenues for the quarter totalled $631 million and for the year they were $2.4 billion, both exceeding guidance.</li><li>Non GAAP operating income surpassed expectations too, with $239 million for Q4 and $843 million for the full year.</li></ul>

Veeva Systems posted robust results for its Q4 and Fiscal 2024 year during its earnings call.Revenues for the quarter totalled $631 million and for the year they were $2.4 billion, both exceeding guidance.Non GAAP operating income surpassed expectations too, with $239 million for Q4 and $843 million for the full year.

Veeva Systems Inc.: Expansion of the Data Cloud & 5 Other Factors Driving Growth! - Financial Forecasts

<ul><li>Veeva Systems Inc. exceeded Wall Street's revenue and earnings expectations.</li><li>Notably, total revenue reached an impressive $617 million, accompanied by a non-GAAP operating income of $235 million.</li><li>This expansion positions Veeva to contribute to the increased efficiency and effectiveness of the life sciences industry across a broader spectrum.</li></ul>

Veeva Systems Inc. exceeded Wall Street's revenue and earnings expectations.Notably, total revenue reached an impressive $617 million, accompanied by a non-GAAP operating income of $235 million.This expansion positions Veeva to contribute to the increased efficiency and effectiveness of the life sciences industry across a broader spectrum.

Veeva Systems Inc.: Surpassing Wall Street - A New Era in Life Sciences Cloud? - Major Drivers

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/indegene-limited" target="_blank" data-smartkarma-citation="entities:36629:1" rel="noopener">Indegene Limited (1864095D IN)</a> was listed in India on 13th May 2024 after raising US$221m. Its six-month lockup will expire on 5th Nov 2024. </li>
<li>Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.</li>
<li>In this note, we will talk about the lock-up dynamics and updates since our last note.</li>
</ul>



Indegene Limited (1864095D IN) was listed in India on 13th May 2024 after raising US$221m. Its six-month lockup will expire on 5th Nov 2024. 
Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.
In this note, we will talk about the lock-up dynamics and updates since our last note.


Indegene Lockup Expiry - US$1bn+ Lockup Release, Some Could Look to Book 3x Gain

United States

Veeva Systems Inc. provides cloud-based business services. The Company offers enterprise applications, multichannel platform, customer relationship, and content management solutions. Veeva Systems serves customers in the United States.

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Veeva Systems Inc Class A (VEEV US)

Veeva Systems: Continued Expansion and Adoption of Vault Platform As A Key Growth Lever! - Major Drivers

Veeva Systems reported its fiscal second quarter results for 2025, showcasing strong performance with totals exceeding guidance. For the quarter...

Baptista Research

Veeva Systems: Can The Growth Potential Offered By Vault CRM Catalyze Growth? - Major Drivers

Veeva Systems had a solid start to the year with first-quarter results that exceeded the company's guidance. The total revenue during the quarter...

Baptista Research

Veeva Systems Inc.: Expansion of the Data Cloud & 5 Other Factors Driving Growth! - Financial Forecasts

Veeva Systems posted robust results for its Q4 and Fiscal 2024 year during its earnings call. Revenues for the quarter totalled $631 million and...

Baptista Research

Veeva Systems Inc.: Surpassing Wall Street - A New Era in Life Sciences Cloud? - Major Drivers

Veeva Systems Inc. exceeded Wall Street's revenue and earnings expectations. Notably, total revenue reached an impressive $617 million,...

Baptista Research

Indegene Lockup Expiry - US$1bn+ Lockup Release, Some Could Look to Book 3x Gain

Indegene Limited (1864095D IN) was listed in India on 13th May 2024 after raising US$221m. Its six-month lockup will expire on 5th Nov 2024.

Clarence Chu

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