ServiceNow, Veeva Systems Revved Up for Growth Says Turner Manager

ServiceNow is growing its top line at a furious pace by replacing legacy systems at enterprise service companies, said Tara Hedlund, portfolio manager at Turner Investments. Hedlund added that ServiceNow is launching new products in the human resources automation space which will also boost its sales in 2015. She is also bullish on Veeva Systems, saying the cloud services provider focuses on the rapidly expanding life sciences market and will grow into its currently pricey valuation. Finally, Hedlund likes Guidewire's stock because the on-premise software provider is doing a solid job replacing legacy systems at insurance companies.