It was another exciting week for the technology sector. There were some significant developments in major tech companies like Salesforce.com (NYSE:CRM) and Microsoft (NASDAQ:MSFT). In this weekly roundup, we review some of these developments.
Salesforce.com
It was quite a rocky week for Salesforce.com. Its stock price gained a couple of percentage points in anticipation of its earnings on November 17, but crashed after it posted a net loss yet again, due to rising operating expenses. However, revenue growth on the back of the rapidly growing customer base remains encouraging.
It also acquired Model Metrics, a cloud computing consulting and services company, which helps enterprises adopt and migrate to cloud based solutions, with a special focus on mobile and social technologies.
Check out our complete analysis of Salesforce.com
Microsoft
Details of Microsoft’s new social network, Socl, were unveiled this week. Socl combines search with social and will take on Facebook, Twitter and Google+. It’s unlikely that it will gain as much mass as Facebook, and may negatively impact Microsoft’s finances, just like Bing.
Despite being unable to capture any meaningful market share even a year after its launch, the Windows Phone platform now has more than 40,000 apps, a significant milestone for Microsoft. In a survey, it was discovered that Microsft’s Windows Phone is the third most attractive platform for developers, after Android and iOS.
Microsoft may be planning to discontinue Silverlight, and focus on HTML 5, following in Adobe’s footsteps, which just discontinued development for Flash on mobile.
Check out our complete analysis of Microsoft
Understand How a Company’s Products Impact its Stock Price at Trefis
