Salesforce beats estimates, shares jump

By Kristine Hegglin
Updated: February 25, 2011

Salesforce.com, a San Francisco based cloud computing software provider, recently reported expected earnings of approximately four hundred and eighty million dollars for fiscal quarter one of 2011 (which ends in April). Salesforce.com’s shares increased by 10 percent on the New York Stock Exchange following this announcement. Salesforce.com is a cloud computing software provider and a market leader in the industry. Some of Salesforce.com solutions are:

  • Communications
  • Financial Services
  • Healthcare
  • Life Sciences
  • High Tech
  • Manufacturing
  • Media
  • Public Sector
  • Retail

Salesforce.com is a global company with offices in Europe, Canada, and Mexico. In Q4 of 2010 Salesforce.com grew by hiring four hundred and fifty people to help man the global operation. Salesforce.com is still hiring and who wouldn’t like working for this company, which was named (in 2011) one of Fortune’s 100 “Best Companies to Work For”.

Competition

Salesforce.com has plenty of competition. In 2010 Microsoft offered Salesforce.com customers a two hundred dollar per user rebate to switch over to Microsoft’s Customer Relationship Management (CRM) solution. And, this battle wasn’t the first between Salesforce.com and Microsoft. Some of Salesforce.com’s other competitors include Oracle, NetSuite, and SAP.
 

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