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Salesforce.com: Customer relationship software on demand is in demand

 Jun 18, 2009 02:30 PM UTC
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Graphic_arrow1 Via BloggingStocks:  

Filed under: salesforce.com inc (CRM), Stocks to Buy

The recession has not changed the Salesforce.com (NYSE: CRM) shareholder value proposition: namely, that delivery of software on demand requires a lower up-front investment and offers increased vendor accountability, with flexible subscription pricing, among other benefits.

What the recession has changed is the rate of sales growth for CRM, which is expected to slow to the 15-18% range in FY2009. In short, CRM's customers have slowed software implementations, due to the prolonged economic contraction. The First Call FY2009/FY2010 EPS estimates for CRM are 60 cents to 79 cents.

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Salesforce.com: Customer relationship software on demand is in demand originally appeared on BloggingStocks on Thu, 18 Jun 2009 09:30:00 EST. Please see our terms for use of feeds.

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