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Salesforce.com (CRM +0.8%) has recouped the AH losses it saw following its FQ2 report, as...

Salesforce.com (CRM +0.8%) has recouped the AH losses it saw following its FQ2 report, as analysts stay positive in spite of a slowdown in billings/deferred revenue growth. BMO argues billings growth would have been 40% rather than the reported 30% if not for forex and the migration to annual subscriptions, but admits guidance for a 3% Q/Q deferred revenue drop is underwhelming. Roth is encouraged by Salesforce's prediction that Service Cloud, marketing software, and Force.com will become $1B/year businesses. (transcript)
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