Salesforce Stock On Rise
Experts are predicting that Salesforce is going to have a more successful couple of years than many originally thought. The world’s leading CRM provider has rocketed to its grand position by offering high quality products developed primarily for the cloud. With cloud technology becoming more and more popular among businesses of all sizes, and Salesforce offering a number of cost-effective solutions, the organisation has developed a reputation as the best on the market. Investors have responded to this success, and stocks are predicted to rise beyond expectations both this year and next year.
CRM & Business
CRM has become the basis for successfully developing a business, achieving high sales targets, and retaining clients and customers. Salesforce has spearheaded the idea of CRM with SaaS, and this is perfectly aligned with modern business requirements and the necessity to be flexible and adaptable. With its appeal to startups, SMEs and Multinational Corporations, Salesforce has positioned itself right at the top of the CRM market, and the excellent social and collaborative tools within many products offer something a little bit extra.
With the increasing importance of social media in a marketing and support capacity, Salesforce has developed a number of applications that help modern businesses utilise it effectively to measure performance, support customers, and identify prospects for the future. This, coupled with their commitment to cloud technology, ensures that Salesforce is the ultimate modern business solution.
According to thestreet.com, “powered by its strong earnings growth of 785.71% and other important driving factors, this stock has surged by 37.29% over the past year, outperforming the rise in the S&P 500 Index during the same period”. This growth is expected to continue into 2014 and beyond. Terry Tillman, an analyst for Raymond James, put together a report about Salesforce that backs up this prediction, and he says that in 2015 Salesforce should expect a revenue of approximately $5.282 billion, which is an increase from his earlier estimate of $5.277 billion.
The prospects are good for Salesforce and its investors, and its meteoric rise looks set to continue for the foreseeable future. However, the group will know better than anyone to keep on the top of their game to remain at the forefront of business CRM in the future.
Salesforce & RibbonFish
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For more information about our Salesforce services, give us a call today on 0203 489 6190 or contact us through our website.
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