Analysts offered mixed views of Salesforce.com (CRM) after the enterprise software company’s outlook for the current quarter and for 2016 was weaker than expected, with the company citing foreign exchange issues that it says will negatively impact revenue growth. Salesforce, however, late Wednesday released fiscal Q3 earnings that beat Wall Street expectations. Salesforce.com is the leading provider of customer relationship management software.
Salesforce.com’s ride in the cloud has hit a speed bump. Company shares were down 4% in after-hours trading Wednesday after the enterprise software company’s fiscal Q4 2015 EPS and revenue outlook missed Wall Street views, as did its fiscal 2016 sales guidance. Salesforce (CRM), however, beat views with its EPS and sales for its fiscal Q3 ended Oct. 31. The conservative guidance, particularly for 2016, could be the company being
Oracle’s road to the cloud is getting smoother, but more than a few potholes remain. Analysts have offered mixed assessments of the database leader since its annual OpenWorld conference Sept. 28-Oct. 2, where executives discussed new products in data analytics and mobile, along with moves to help the firm transition from a license model to a cloud subscription model in order to compete with Salesforce.com (CRM), Workday (WDAY), SAP (SAP) and