Thursday, February 23, 2006

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.

1 comment:

Two Wheeler said...

What a great blog, I just clicked the "Next Blog" button and it gave me your blog. It was such a coincidence because I just got done putting this post up on my blog. Talks all about Software as a Service. In fact, Salesforce uses NetDocuments too. See here: http://twowheelphotos.blogspot.com/