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Salesforce moves to integrate platforms; pre-earnings commentary positive

  • Salesforce's (CRM +1.3%) Heroku cloud app platform (PaaS), widely used by consumer app developers, has finally launched a service (called Heroku Connect) that allows Heroku-built apps to integrate/sync data with Salesforce's bread-and-butter cloud CRM apps.
  • The service works with the Salesforce1 app development platform (fuses offerings from Heroku, recently-acquired ExactTarget, and the more enterprise-focused Force.com PaaS platform), and aims to ease business mobile app development.
  • Forrester calls Heroku Connect "an overdue feature for the advanced customer" using both Heroku and Force.com, and thinks it could be the start of a broader effort to unify the two platforms, which face competition from Microsoft, Amazon, and Google (among others).
  • Meanwhile, Pac Crest and Stephens are out with bullish notes ahead of Salesforce's May 20 FQ1 report. Both firms state checks suggest the company will beat FQ1 estimates.
Comments (2)
  • Doyle3000
    , contributor
    Comments (1286) | Send Message
     
    Meanwhile, Pac Crest and Stephens are out with bullish notes ahead of Salesforce's May 20 FQ1 report. Both firms state checks suggest the company will beat FQ1 estimates.

     

    I could've predicted a beat and raise by CRM on May 20th back at Thanksgiving. What a frickin joke this whole charade is. And yet no analyst ever wonders how this amazingly consistent 'beat and raise' each and every quarter never ever seems to translate into profit. Ever.

     

    The irony here is that one of these quarters they'll have their quarterly beat and raise announcement and one of the big owners will say "ok we've made enough money at this table, let's go" and that will start the fire in the theater. The bull market is near its end, the free money is going away, and interest rates should be eventually rising. I'd stay at this blackjack table maybe 2 - 4 more quarters then we'll see the great re-pricing back to where CRM belongs. Like at 17.
    13 May, 09:39 AM Reply Like
  • AgainstAll
    , contributor
    Comments (71) | Send Message
     
    The move shows that Force.com is an old and weak platform.
    13 May, 09:38 PM Reply Like
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