Salesforce.com: Demystifying the Force

When one listens to the upbeat tone of Salesforce.com’s (CRM) management on the Q2 conference call, one is surely bewildered by the street's reaction - a 15% haircut. After all, the company made their revenue and EPS numbers- what’s the fuss about?

Well let me clarify. Yes, they even eclipsed the street revenue forecast ($263.1m vs. the street’s $261m, a yoy leap of 49%) and reaffirmed their fiscal 09 targets (before the acquisition; by the way, how a $34m acquisition shaves 10% off EPS for an $8 billion company is a subject for another day).