Tag Archives: crm

Salesforce Earnings Top; Stock Back In Buy Range Late

Nearly four weeks after a report surfaced that the software company could be for sale, Salesforce.com (CRM) reported first-quarter earnings of 16 cents a share minus items, up 45% vs. 11 cents in the year-earlier period. Analysts polled by Thomson Reuters had expected 14 cents. That followed four straight quarters of accelerating profit growth, capped off with a 100% EPS gain in Q4 2014. Revenue climbed 23% to $1.51 billion vs. views of $1.50

Why Salesforce Has Undercut Buy Point Before Earnings

Salesforce.com (CRM) fell Wednesday afternoon, undercutting a recent breakout buy point before its earnings report after the close, due to key rival SAP (SAP) ruling out a takeover. Salesforce is the top provider of customer relationship management software. It competes against Oracle (ORCL), SAP (SAP) and Microsoft (MSFT), among others. On April 29, media reports said Salesforce was mulling options after receiving takeover inquiries. The stock

Salesforce Sales Team Seen Stumbling Ahead Of Q1

Salesforce.com (CRM) might be having a problem with its sales team, Wedbush analyst Steve Koenig said in a May 13 research report, as the company prepares to post Q1 earnings after the close Wednesday. The leading provider of customer relationship management software has been working to boost revenue by expanding into such areas as marketing services and data analytics, where it competes with Oracle (ORCL), Tableau Software (DATA) and others. Two