Back to top

Image: Bigstock, Inc.

Read MoreHide Full Article

Salesforce started fiscal 2016 on a strong note wherein the top line and the bottom line for the first quarter not only came ahead of expectations but improved significantly from the year-ago quarter levels. The company provided positive second-quarter and fiscal 2016 guidance. The rapid adoption of the Salesforce1 Customer Platform is likely to be a positive. Overall, the company’s diverse cloud offerings and strong spending on digital marketing remain the catalysts. Nonetheless, currency fluctuations and an increase in investments for international expansions and data centers could impact near-term results. Furthermore, though the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent due to intensifying competition.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:, inc. (CRM) - free report >>

Published in