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Technology Stocks : Salesforce.com
CRM 254.49-2.6%Nov 4 3:59 PM EST

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From: KyleLenn3/19/2018 11:01:50 AM
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Firstly, Fidelity Contrafund holds Saleforce.com for about 2.15% of it total assets.

Several good reasons why we should buy Salesforce.com.
  • Software as a service is among the fastest methods for enterprises to cut costs in the IT infrastructure.
  • Salesforce.com is far and away the largest pure-play SaaS vendor in the world, producing subscriptions revenue several times larger than peers Workday and ServiceNow.
  • The firm has successfully expanded into a number of fast-growing verticals to prop up long-term revenue growth, including marketing, analytics, application development, and the Internet of Things.

Finally, Saleforce.com quarterly revenue growth was 24.90%, higher than the industry and sector average revenue growth (10.90% and 7.00%, respectively).



So I think A BUY. And I think the company will perform well as expected in the future.
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