(CRM) Salesforce.com Witnesses Customer Growth

Growing enterprise cloud computing company Salesforce.com (CRM) recently declared through a press release that it had substantially increased its customer base in the Asia-Pacific region. During the fiscal year ended January 31, 2010 the company added 1800 new customers in the region, taking the total to 70,000.

This apart, Salesforce is poised to grow strongly in 2010. To enhance its cloud services, the company has recently introduced Spring 10, the company’s 31st-generation service, with advanced features designed for its Sales Cloud 2 platform and Force.com site. This Growing enterprise cloud computing company Salesforce.com recently declared through a press release that it had substantially increased its customer base in the Asia-Pacific region. During the fiscal year ended January 31, 2010 the company added 1800 new customers in the region, taking the total to 70,000.

This apart, Salesforce is poised to grow strongly in 2010. To enhance its cloud services, the company has recently introduced Spring 10, the company’s 31st-generation service, with advanced features designed for its Sales Cloud 2 platform and Force.com site. This advanced cloud computing service is expected to introduce an entirely new user interface for Salesforce.com.

This apart, the company is making strategic alliances with different IT majors like CA Inc. (CA) and BMC Software (BMC). In association with CA, the company has launched CA Agile Planner on the Force.com site, which is mainly targeted at small businesses and enterprises alike. This innovative product will result in reduced time to market.

In association with BMC, Salesforce is expected to deliver BMC IT management solutions on the Force.com platform. The joint offering is expected to address the overwhelming customer demand for critical service desk functions and processes that are delivered through the cloud computing platform.

Salesforce.com has reported positive fourth quarter 2010 results, exceeding the consensus estimate. It has provided an encouraging guidance for the first quarter. The company is cash rich and was one of the first to develop its lower cost on-demand services into a successful business model.

Salesforce has recently extended the reach of its Force.com site through value-added resellers, which is expected to generate additional revenue. We however, caution investors about strong competitors in the CRM application and cloud computing areas.

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