Veeva Systems and Bill Holdings are both showing strong growth potential. Growth stocks may not be suitable for all investors, but companies with solid balance sheets and clear paths to growth can provide strong returns over time. It is important to ensure that the company you are investing in has a clear value proposition, is financially stable, and can address any potential weaknesses.
Veeva Systems provides cloud solutions for life sciences and consumer goods companies, with clients including major players like Merck and Johnson & Johnson. The company’s revenue primarily comes from subscription services for its cloud offerings, and it has reported impressive growth in recent years.
Bill Holdings offers payroll management software services for small to mid-sized businesses, leveraging artificial intelligence to help customers meet their financial obligations. The company generates revenue from subscription fees and transaction fees, with a strong focus on recurring revenue.
Both companies have seen strong financial performance in recent quarters, with Veeva reporting a 24% year-over-year increase in revenue and Bill Holdings seeing a 19% increase. Investors looking to capitalize on the growth potential of profitable cloud companies may find Veeva and Bill Holdings to be attractive investment opportunities.
It is worth noting that Rachel Warren holds positions in Johnson & Johnson, and The Motley Fool has positions in and recommends Bill Holdings, Merck, and Veeva Systems. The Motley Fool also recommends Johnson & Johnson, Novo Nordisk, and Unilever Plc.