Salesforce The Cloud Monster That Continues Growing – CWEB.com

salesforce-888

Salesforce The Cloud Monster That Continues Growing – CWEB.com

Salesforce.com, a leading CRM software provider, has experienced outstanding growth in recent years.

Over the next four years, the company plans to double its current revenue to $20 billion to $22 billion annually.

Salesforce (NYSE:CRM) announced recently the lofty goal of $60Billion revenue by 2034.

Salesforce market consolidation is projected to be $82B by 2025 and growing at 15% yearly rate.

International expansion, innovation, and acquisitions will lead the way for future revenue growth.

High valuation multiples and growth expectations put the company in a precarious position in the long term.

Salesforce stock is delivering impressive performance on the back of strong top line momentum.

The company is a market leader in cloud-based CRM solutions, a promising segment offering abundant potential for growth.

Upside Q1 guidance has revenue from $2.925B to $2.935B (consensus: $2.9B) and EPS from $0.43 to $0.44 (consensus: $0.37).

Upside FY19 guidance has revenue from $12.6B to $12.65B (consensus: $12.55B) and EPS from $2.02 to $2.04 (consensus: $1.75).

Key metrics: Subscription and support revenue, $2.66B (+26%); Professional services and other revenue, $196M (+7%); operating cash flow, $1.05B (+49%); total operating expenses, $2.04B; cash and equivalents, $4.52B; deferred revenue, $7.09B (+28%); unbilled deferred revenue, $13.3B (+48%); total current and noncurrent debt, $1.72B.

CWEB Analyst’s have initiated a Strong Buy Rating for Salesforce (NYSE:CRM) and a Price Target of $220 within 12 months.

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
CRM data by YCharts

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: