Earnings Preview: Salesforce.com and Autodesk
(By Arun - iStockAnalyst Writer) A closer look at two technology stocks which are set to release their results tomorrow.
Salesforce.com Inc(NYSE:CRM)
salesforce.com (NYSE:CRM) is set to report its earnings tomorrow after market close. Although the company has lost in excess of 60% in the last quarter, we do see that the market holds high expectations from the company as we witness the stock trade at 88 times its earnings. The confidence was reiterated in another form when the company was added as the first Software-as-a-Service company to be placed on its S&P 500 index in September. "The decision to add salesforce.com to the S&P 500 is a clear sign that the cloud computing has arrived," said Marc Benioff, chairman and CEO at salesforce.com. The company also announced its ties with the world's largest online social community – Facebook. Both companies have introduced a new suite of tools to marry next-generation business productivity applications to the interpersonal power of social networks. The new offering - Force.com for Facebook - is designed to foster a global development community for Facebook's 120 million users and salesforce.com's 100,000 developers. The move makes Facebook an 'enterprise-friendly' platform for global enterprises and individual entrepreneurs worldwide and puts salesforce.com at the forefront of business applications for social computing. Force.com for Facebook provides a new set of tools and services to enable developers to build applications that bring together social data from Facebook with the database, logic and workflow and Sites capabilities in Force.com and run them on salesforce.com's trusted global service infrastructure. The tools will give developers a new means of creating business applications that greatly expand Facebook users' ability to do corporate work on the site, by managing sales data, organizing business events or automating marketing decisions. In another venture with PivotLink, a provider of on-demand business intelligence solutions that meet the needs of organizations in a variety of industries the company has launched a revolutionary on-demand business intelligence application for salesforce.com. PivotLink's on-demand business intelligence offering provides an easy-to-use application that unifies all your salesforce.com data, combines it with any outside data source and presents the information with compelling dashboards and easily customizable reports. While, it is also simple for users to unify, store and analyze their data.
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