Salesforce.com (CRM) entered into a number of strategic alliances that are expected to enhance the cloud computing service and solutions offered by it.
 
The first among these strategic alliances is with enterprise IT management company CA Inc. (CA). This partnership is expected to deliver agile development management in the cloud on the Force.com platform.
 
The CA Agile Planner on the Force.com site is targeted at small businesses and enterprises alike. The service is intended to accelerate development timelines while gaining control and visibility over all of the development initiatives. This innovative product will result in reduced time to market.
 
The second in the list is the agreement with BMC Software (BMC). This strategic alliance is expected to deliver BMC’s industry-leading IT management solutions on the Force.com platform. The joint offering is expected to address the overwhelming customer demand for critical service desk function and processes that are delivered through the cloud computing platform.
 
This new product is intended to help customers simplify and automate their IT process and at the same time fetch a quick return on their investment. These new collaborations are expected to help the company strengthen its position in the cloud computing market and attract additional customers by providing enhanced solutions.
 
Salesforce reported better than expected third quarter results, exceeding the Zacks Consensus EPS estimate. The company reported revenue of $330.5 million, an increase of 20.0% from the year-ago quarter and and over the guided range of $323-324 million. These encouraging numbers are illustrative of the fact that the company is constantly creating value for itself and its shareholders. We expect Saleforce to continue with the same trend going forward.
 
Although the company is growing exponentially in the cloud computing segment, Salesforce is expected to face stiff competition from big companies such as Microsoft (MSFT), Oracle (ORCL), International Business Machine (IBM), Hewlett-Packard (HPQ) and Google (GOOG) as each vies for a position in the market.
Read the full analyst report on “CRM”
Read the full analyst report on “CA”
Read the full analyst report on “BMC”
Read the full analyst report on “MSFT”
Read the full analyst report on “ORCL”
Read the full analyst report on “IBM”
Read the full analyst report on “HPQ”
Read the full analyst report on “GOOG”
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