Report
Rodney Nelson
EUR 147.86 For Business Accounts Only

Salesforce.com’s M&A Streak Shouldn’t Blur Long-Term Vision; Shares Undervalued

We attended Salesforce.com’s analyst day at the firm’s annual Dreamforce conference, we came away with several insights into how the company plans to manage improving profitability against a backdrop of consistent top-line growth, including management’s assertion of reaching $10 billion in revenue in fiscal 2018 (in line with our expectations). The company’s recent acquisition binge was a key topic of discussion as well, but we generally feel comfortable with both the size and strategic scope of...
Underlying
Salesforce.com inc.

Salesforce.Com is engaged in customer relationship management technology. The company's Customer 360 is an integrated platform that unites sales, service, marketing, commerce, integration, analytics and more to give companies a single, shared view of their customers. Through its platform and other developer tools, the company also enables third parties to develop additional functionality and applications, or apps, that run on its platform, which are sold separately from or in conjunction with the company's service offerings. The company's cloud service offerings include sales cloud, service cloud, marketing and commerce cloud, and salesforce platform and other.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

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