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Analysts: Salesforce.com Faces Increasing Pressure from Rivals |
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Sunday, 18 November 2007 |
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Salesforce.com faces increasing competitive pressure from Microsoft, SAP and Oracle, analysts say.Analysts were sounding a cautious note about Salesforce.coms future earnings potential just a day after CEO Marc Benioff predicted his company would achieve a $1 billion run rate in 2008, a goal he has been talking about since 2006.
In its third quarter 2007 earnings report on Nov. 15, Salesforce.com beat estimates Wall Street estimates by 2 cents per share, pulling in $6.5 million, or 5 cents a share, on revenue of $192 million. The potential fly in ointment for Salesforce.com is increasing competition from some of the worlds biggest software companies—even if they are "old school" business applications providers that got rich selling on-premise software. This story continues in an external site (it will open in a new window). |
