Tag Archives: crm

Salesforce May Have Eased Off Throttle, But Not Much

Facing tough comparisons with year-earlier numbers, Wall Street expects Salesforce.com (CRM) late Wednesday to ease off its speedy earnings and sales growth rates just a bit. The consensus of analysts polled by Thomson Reuters estimates the leading customer relationship management software developer will report third-quarter earnings of 19 cents per share ex items, up 36% from the year-earlier quarter, on $1.70 billion in revenue, up 23%. In Q2,

Amazon, Microsoft Tighten Grip On Cloud Market

For the third consecutive quarter, the three biggest cloud computing vendors gained market share, while smaller vendors lost share, investment bank Goldman Sachs said in a report Thursday. Amazon.com’s (AMZN) Amazon Web Services continued to hold a massive lead in the third quarter with 36.9% share, up from 33.9% in Q2. Microsoft (MSFT) came in second with 8.7% market share in Q3, up from 6.8% in Q2. Salesforce.com (CRM) was third with 4.7%

Software Stock Watch: Salesforce Nears Buy Point

Salesforce.com (CRM) is climbing in the stock market today in the wake of an analyst price-target hike, and shares are nearing a potential buy area. On Monday, JMP Securities raised its price target on the computer software giant to 90 from 84 and maintained the company’s outperform rating. The analyst said that Salesforce has “multiple growth avenues” and “powerful underlying unit economics.” Shares popped 2% in heavy volume Tuesday afternoon.