Friday, June 09, 2006
Market Expectations Now Reigned In For Salesforce.com - Forbes.com
Market Expectations Now Reigned In For Salesforce.com - Forbes.com: "Salesforce.com's competitive landscape, market position and performance expectations led UBS Investment Research to upgrade shares of the customer relationship management services provider to 'neutral' from 'reduce.'
The company expects net new subscriber growth is expected to decrease from 72% in fiscal 2006 to approximately 15% to 20% range in fiscal 2007.
'We note that some investors were expecting a much higher growth for fiscal 2007 previously but a sequentially down April quarter helped reign in Street estimates,' she said."
The company expects net new subscriber growth is expected to decrease from 72% in fiscal 2006 to approximately 15% to 20% range in fiscal 2007.
'We note that some investors were expecting a much higher growth for fiscal 2007 previously but a sequentially down April quarter helped reign in Street estimates,' she said."
