FRB Capital Markets Analyst Samad Samana believes salesforce.com, inc. (CRM) is well-positioned to continue moving toward its long-term target of $10 billion of revenue. He also thinks the company is on track to be the dominant cloud software company.
“They have also made a commitment to delivering margin expansion, which we believe is an increasingly greater focus for investors even on the growth side,” Samana says. “They continue to diversify their product line and over the last 12 months, they have made some significant changes, they really beefed up their sales force, their internal sales teams, and they have made some changes in leadership.”
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Samana says salesforce.com is the largest cloud software company in the world. Despite its size, he says <a href="CRM, technology,
cloud, computing services, software”>salsforce.com continues to be one of the most innovative and transformative vendors.
“They are diversifying their products; they have already done a commendable job going beyond salesforce automation into areas like service, digital marketing, and now with a Big Data analytics cloud offering on the horizon as well,” Samana says. “They continue to position themselves to be the dominant cloud vendor at least for front office applications for years to come.”
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