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Better Buy: Veeva Systems vs. Salesforce

TheMotleyFool

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Better Buy: Veeva Systems vs. SalesforcePhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Last May, I compared two cloud-based customer relationship management (CRM) companies: Veeva Systems (NYSE: VEEV), which mainly caters to life science companies, and salesforce.com (NYSE: CRM), its longtime partner, which serves a wider range of industries.

At the time, I claimed Veeva's wider moat and stronger GAAP profits made it the better investment. Since then, Veeva's stock price has risen over 60% as Salesforce's stock price has advanced about 35%. But will my thesis hold up throughout the rest of the year? Let's take a fresh look at both cloud-based companies to decide.

Image source: Getty Images.

Source Fool.com

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