Estimates rise and bullish commentary abounds following Salesforce.com's (CRM +10.1%) strong FQ1...
Friday, May 18, 2012, 10:19 AM ETEstimates rise and bullish commentary abounds following Salesforce.com's (CRM +10.1%) strong FQ1 report, featuring another quarter of surging deferred revenue, free cash flow, and sales expenses. Credit Agricole is upgrading shares to Buy, and Nomura (Buy) notes billings growth rose 34% in spite of concerns about weakness. During its earnings call, Salesforce noted Gartner now believes the company is the world's #2 CRM software vendor, ahead of ORCL and behind SAP.
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