Seeking Alpha

CRM
salesforce.com, inc.

5/22/2012, 12:39 PM ET
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CRM Market Currents more »
  • 11:22 AM Salesforce.com (CRM +1.2%) plans to add over 750 jobs in Europe "over the next couple of years to meet the growing demand for the social enterprise in the region." Salesforce now has more than 20K customers in Europe, +32% Y/Y. (PR)
    Comment!
    [Tech]
  • Friday 10:19 AM Estimates rise and bullish commentary abounds following Salesforce.com's (CRM +10.1%) strong FQ1 report, featuring another quarter of surging deferred revenue, free cash flow, and sales expenses. Credit Agricole is upgrading shares to Buy, and Nomura (Buy) notes billings growth rose 34% in spite of concerns about weakness. During its earnings call, Salesforce noted Gartner now believes the company is the world's #2 CRM software vendor, ahead of ORCL and behind SAP.
    3 Comments
    [Tech, On the Move]
  • Friday 9:05 AM Premarket gainers: WGO +21%. FFN +14%. QPSA +11%. OSIR +10%. FL +8%. CRM +7%. NBG +6%. YHOO +5%.
    Losers: ADSK -9%. GSS -8%.
    Comment!
    [On the Move]
  • Thursday 6:43 PM Salesforce.com (CRM) is up 7.2% AH after the company follows up on its FQ1 beat and guidance hike with a largely positive earnings call. While guiding for flat Q/Q deferred revenue growth, Salesforce says its FQ2 pipeline is "unlike anything seen before in size, scope." CEO Mark Benioff also couldn't resist taking a shot at SAP, which recently bought rival cloud software vendor SuccessFactors.
    1 Comment
    [Tech, On the Move]
  • Thursday 4:22 PM More on Salesforce.com's FQ1: Deferred revenue was $1.33B, down 4% Q/Q (affected by seasonality) but up 46% Y/Y. Unbilled deferred revenue +23% Q/Q to $2.7B. Free cash flow was $168.5M, up 50% Y/Y. Sales/marketing expenses continue to surge, +45% Y/Y to $369.8M (53% of revenue). R&D expenses +45% to $94.8M (14% of revenue). CRM now +6.1% AH. (PR)
    Comment!
    [Tech, Earnings, On the Move]
  • Thursday 4:10 PM Salesforce.com (CRM): FQ1 EPS of $0.37 beats by $0.03. Revenue of $695.5M (+38% Y/Y) beats by $17.3M. Expects FQ2 revenue of $724M-$728M and EPS of $0.38-$0.39, largely above consensus of $713.8M and $0.38. Expects FY13 revenue of $2.97B-$3B and EPS of $1.60-$1.63 vs. consensus of $2.95B and $1.61. Shares +1% AH. (PR)
    Comment!
    [Tech, Earnings]
  • Thursday 12:10 AM Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
    Comment!
    [Earnings]
CRM in Focus more »
CRM Instablog posts more »
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    Thu, May 17 • Karin Hernandez • Comment!
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    Thu, May 17 • fastball10 • Comment!
  • Barchart Morning Call 5/17
    Thu, May 17 • Jim Van Meerten • Comment!
  • Dec 26th Article: Buy The Right Stock At Right Price.
    Thu, May 17 • freefdawatchlist • Comment!
  • ECB Printing Money, & Greece On The Edge Of Official Default
    Mon, May 14 • freefdawatchlist • Comment!
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Company Description

We are the leading provider, based on revenues and market share, of software on demand, according to a July 2008 report by International Data Corporation, or IDC. We provide a comprehensive customer relationship management, or CRM, service to businesses of all sizes and industries worldwide and... More

Sector: Technology
Industry: Application Software
Country: United States