CRM

The last 4 days of market activity have been more mixed than the activity of the prior  several weeks. Issues that might not have exercised investors in the past several weeks such as the contretemps regarding the HK security legislation, appeared to move the market. That said, there was still plenty of room for the…

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From time to time we get requests for commentary on names that we do not recommend but which are of interest to subscribers. Recently both Salesforce and Workday reported the results of their fiscal Q3. There were marked similarities as well as some differences in terms of what was reported. Overall, the headline results were…

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Tableau to be acquired by Salesforce Salesforce announced this morning that it was acquiring Tableau for an enterprise value of just less than $16 billion. Unlike most recent mergers, this is a stock transaction and will have a dilutive impact on the earnings of Salesforce. The initial reaction of Salesforce shares, down about 3% is…

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Yesterday, several companies reported their results in the IT space including Pivotal, not a constituent in our high-growth portfolio but a name on which we have written favorably, and Guidewire and Salesforce, neither of them currently held or recommended. All of the companies beat their expectations for the quarter in terms of both revenues and…

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Summary DocuSign reported another strong quarter with substantial beats in terms of revenue, operating cash flow, and reported EPS. The company raised guidance notably as it has done every quarter since it has been public. The company has further enhanced its significant partnership with Salesforce. The company has achieved early success in integrating the acquisition…

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Salesforce (CRM) earnings review The other day, Salesforce reported the results of its 4th fiscal quarter. The quarter was more or less consistent with prior expectations. Revenues grew by 26% year on year, consistent with the results of the full year. The EPS number as reported, benefited from a $.12 mark-to-market provision-absent that the EPS would…

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In the last few days since Thanksgiving there has been a mini-earnings season. IT vendors that have reported include Salesforce, Nutanix, Splunk, Palo Alto, Veeva, Box, VMware, Plan, Yext and Zuora. I can’t really write in any great depth on all of these names in a timely fashion. I have written about Nutanix and its…

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Salesforce Salesforce reported the results of its fiscal Q2 last evening. Before diving into some company specifics, I think subscribers should consider the following quotation from the company founder, whose knowledge of this space from a sales perspective is simply peerless. “I’ve never seen such a robust spending environment…I’ve never seen CEO’s spend so aggressively.…

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New Relic New Relic continued to achieve positive operating performance in the quarter it recently announced. The beat was relatively modest, as those things go, and compared to some of the other blowouts seen this reporting season. On the other hand, continuing to grow 35% at scale is no mean achievement and speaks both to…

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