Better Buy: Veeva Systems vs. Salesforce
"Digital transformation" -- a catch-all phrase for efforts to replace old methods of operating a business with more technologically advanced ones -- was already moving rapidly before 2020. But COVID-19 has accelerated the trend. Faced with an adapt-or-go-extinct crisis, massive updates are underway, propelling the economy into what salesforce.com (NYSE: CRM) co-founder and CEO Marc Benioff has called an all-digital era.
Given the situation, I think the outlook is bright for Salesforce and for life sciences technologist Veeva Systems (NYSE: VEEV), which partners with and used Salesforce to build its Veeva CRM, core to its Commercial Cloud product. I own shares of both companies. If you want to buy just one, your choice might come down to your investing style.
Image source: Getty Images.
Source Fool.com