SaaS Juggernaut Must Evolve

About:, inc. (CRM)
by: Beth Kindig
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Beth Kindig
Tech, software, internet, chipmakers

Cloud software and platforms are evolving and Salesforce must also if the company is to take more of the addressable market.

Valuations are high for a cloud company of Salesforce's tenure. The company will need to do more than pursue acquisitions to earn these valuations.

Salesforce recently broke $186 and could see more upward movement for now. Long term, Salesforce will need to look at its product road map more closely to grow.

Last month, (NYSE:CRM) lowered its guidance on EPS from a Q4 consensus of $0.61 down to $0.54-$0.55. Although the company beat on revenue, the growth is slowing from 28% in FY 2020