Salesforce.com’s (NASDAQ:CRM) stock has been fairly stable before suddenly collapsing around 10% following its results last week. It continued to add new customers, despite increasing competition from heavyweights like Oracle (NASDAQ:ORCL), SAP (NYSE:SAP) and Microsoft (NASDAQ:MSFT), and posted revenue growth of around 36%, which would be very impressive if its operating expenses didn’t rise even faster. It is struggling to control its expenses, and posted a $4 million loss last quarter.
Check out our complete analysis for Salesforce.com
Last week, Salesforce.com acquired Model Metrics, a cloud computing consulting and services company which helps enterprises adopt and migrate to cloud based solutions and has a special focus on mobile and social technologies. With the acquisition, Salesforce.com is focusing on mobile and social – two of the fastest growing segments in enterprise software.
It also launched Do.com, a new web based productivity app targeted at small businesses which combines task management with social collaboration for teams.
Cloud computing software accounts for nearly 37% of Salesforce.com’s $121 Trefis price estimate, which stands nearly 5% above its current market price.
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