Salesforce.com Seen As Leader In Software-As-Service (Forbes)

Banc of America Securities analyst Daniel Cummins maintained a “neutral” rating and $38 price target on Salesforce.com after the company reported fourth-quarter results.

On Wednesday, Salesforce.com (nyse: CRM - news - people ) reported fiscal fourth-quarter 2006 earnings of 5 cents per share, in-line with the consensus estimate and the analyst’s estimate. The company reported revenue of $91 million, in-line with the analyst’s estimate and slightly below the consensus estimate of $92 million.

SAP makes CRM hosting move (vnunet)

SAP has finally made its big move into hosted customer relationship management (CRM) software. The German giant’s CRM On Demand Solution will aim for large and mid-market firms with a per-user monthly subscription service hosted by partner IBM.

SAP Enters SaaS Market (webpronews)

Yesterday, the German enterprise software vendor SAP announced it is entering the hosted software-as-a-service (SaaS) market with the expansion of its mySAP CRM offering to include a hosted option.