Salesforce, H-P Collaborate - Analyst Blog
20 November 2013 - 7:00PM
Zacks
The world’s leading CRM platform
provider Salesforce.com, Inc. (CRM) recently
announced a strategic alliance with Hewlett-Packard
Co. (HPQ) or H-P to offer CRM services on HP’s Converged
Infrastructure. This new offering namely Salesforce Superpod
is intended for companies that have an extensive IT infrastructure,
which requires a certain level of compliance and enterprise
integration.
The partnership ensures tighter
integration between H-P and Salesforce clouds, which will help
customers to easily move their data between the two platforms.
Considering these growth in cloud-based services, the partnership
could facilitate market share gains. Additionally, the integration
of HP’s hardware technology and Salesforce cloud services will
enable users to connect and share information securely. Moreover
this cloud-partnership will help Salesforce to build and deliver
cloud solutions that in turn will drive growth.
The Superpod converged
infrastructure is an all in one box combining computing, storage
and networking demands of IT enterprises by offering reliable and
timely services.
Earlier this year, Salesforce inked
a deal with Oracle Corp. This nine-year Oracle-Salesforce deal
covers every aspect of cloud computing. Under the terms of the
deal, Salesforce software will run on Oracle’s Linux (previously
Salesforce used Red Hat Linux) and its cloud based applications
will support Exadata hardware.
Salesforce reported revenues of
$1.08 billion in the third quarter of 2013, up 36.5% on a
year-over-year basis. During the reported quarter, the company
witnessed continued demand across all of its cloud solutions,
supported by a decline in the attrition rate.
The higher number of deal wins were encouraging and so were the
geographical contributions. Overall, the company’s diverse cloud
offerings and a stronger spending projection by Gartner are
positive.
Although, the company is growing reasonably in the cloud market,
growth prospects have been tempered to a considerable extent by the
renewed efforts of other tech giants such as Dell Inc. and
International Business Machines.
Competition from Oracle Corporation (ORCL) and
SAP AG (SAP), continued weakness in Europe,
currency headwinds and an increase in investments could pose
near-term challenges.
Currently Salesforce has a Zacks Rank #3 (Hold).
SALESFORCE.COM (CRM): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
SAP AG ADR (SAP): Free Stock Analysis Report
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