You Can't Afford to Miss Out on These 2 Cloud Stocks

The cloud-computing space has been red-hot over the past year, with many industry players assisting in the digital transformation that the corporate world has gone through. Even as parts of the world begin to reopen their economies to greater in-person interaction, the prospects for cloud companies remain strong.

In fact, cloud stocks are a big reason why the stock market moved higher on Friday. As of 11:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 127 points to 34,592. The S&P 500 (SNPINDEX: ^GSPC) picked up 14 points to 4,215, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 64 points to 13,800.

In particular, two cloud stocks reported earnings that wowed investors. Below, we'll look at what salesforce.com (NYSE: CRM) and Veeva Systems (NYSE: VEEV) had to say about their recent business activity.

Source Fool.com