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Stock Market & Financial Investment News

News Breaks
May 20, 2014
12:59 EDTCRMEarnings Preview: Analysts expect Salesforce.com to beat Q1 expectations
Salesforce.com (CRM) is expected to report first quarter earnings after the market close on Tuesday, May 20 with a conference call scheduled for 5:00 pm ET. Salesforce.com is a provider of enterprise cloud computer and social enterprise solutions. EXPECTATIONS: Analysts are looking for earnings per share of 10c on revenue of $1.21B. The consensus range is 9c-12c for EPS, and $1.16B-$1.23B for revenue, according to First Call. LAST QUARTER: Salesforce.com reported fourth quarter EPS 7c against estimates of 6c on revenue of $1.15B against estimates of $1.13B. The company gave Q1 EPS guidance of 9c-10c and Q1 revenue guidance of $1.21B, as well as fiscal year 2015 EPS guidance of 48c-50c and fiscal year 2015 revenue guidance of $5.25B-$5.3B. Salesforce.com also said its CFO Graham Smith will retire in March 2015. STREET RESEARCH: In the past quarter, Salesforce.com announces new investments in Europe after posting revenue growth of 41% in the continent in FY14. It plans to add more than 500 new jobs across Europe during FY15. The company also announced a new industries strategy aimed at accelerating the company's growth. In recommendations, Pacific Crest said the company's shares should be bought ahead of its Q1 results due to strong sales for the Salesforce 1 platform. The firm added that its Q1 results and guidance are likely to beat expectations. Wedbush also said that Salesforce.com shares are not too high to attract growth-oriented buyers. The company was upgraded at Deutsche Bank, citing recent pullback in shares. Stephens and Oppenheimer said its checks were off to a strong start in FY15 and the company's results are expected to beat consensus expectations. PRICE ACTION: Salesforce.com shares have lost more than 19.5% since the first day of trading following the company's Q4 report. In Tuesday afternoon trading ahead of the Q1 report, Salesforce.com shares are trading down fractionally to $52.98.
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July 22, 2014
15:07 EDTCRMEarnings Preview: Microsoft to report after Nadella makes big job cuts
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July 16, 2014
18:03 EDTCRMCoca-Cola Enterprises may diversify into IT applications, WSJ says
Coca-Cola Enterprises (CCE) is planning on selling information products that it has developed for its internal use, says the Wall Street Journal. Coca-Cola Enterprises is developing an application on a Salesforce.com (CRM) platform that it may begin selling this year or next, added the Wall Street Journal. Reference Link

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