Salesforce (CRM) Shares Jump 8.8% on Bullish Outlook

Document Sample
Salesforce (CRM) Shares Jump 8.8% on Bullish Outlook Powered By Docstoc
					Robert DeFrancesco’s
November 21, 2012

Salesforce (CRM) Shares Jump 8.8% on Bullish Outlook
NOW AVAILABLE: The November 2012 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the November 2012 issue:

*Winners emerge from Q3 earnings season
*LinkedIn gets bigger in the enterprise
*ServiceNow builds its customer base
*Imperva issues an upbeat 2013 outlook
*Beneficiaries of the telecom spending rebound
*Teradata sees a demand pause
*Jive Software regroups after stumble
*Behind Riverbed’s big acquisition of OPNET
*Flashy growth from Fusion-IO
*Sourcefire raises its revenue outlook yet again
*Fortinet and Palo Alto Networks battle it out
*Smartphone growth drives Skyworks
*Facebook finding traction in mobile ads
*Accelerating revenue growth at Akamai
*Cornerstone OnDemand takes HCM mobile
*Workday is ready to disrupt after its sizzling IPO

Order the November 2012 issue here:


Shares of (CRM, $158.78) today rose 8.8% on heavy volume after
the leading cloud-software vendor reported fiscal Q3 (Oct.) EPS of 33 cents, one cent
above the consensus estimate, on revenue of $788 million (+35% year over year),
above the consensus of $776.5 million and the high estimate of $785 million.

Deferred revenue totaled $1.29 billion (+41% year over year) and unbilled deferred
revenue (business that has been contracted, but not yet invoiced) rose $200 million
sequentially to around $3 billion.
Billings of $743 million were up 31% from a year ago, coming in above the
consensus estimate of $736 million.

In the important Americas region (69% of total revenue), revenue was up 38% to
$548 million. While many other enterprise software vendors struggled in Europe in
the latest quarter, Salesforce just kept chugging along: Revenue growth in Europe
actually accelerated to 29% from 22% in fiscal Q2.

For fiscal 2014, Salesforce’s revenue guidance of $3.8 billion to $3.85 billion is in
line with the consensus of $3.83 billion.

It’s impressive that a company this big (market cap of $22 billion/revenue > $3
billion) expects to put up top-line growth of least 25% in the coming fiscal year.


Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

Here’s the Kindle link:


Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

Description: Salesforce reported fiscal Q3 revenue growth of 35%