Topic: Growth Stocks

Hi Pat: I am wondering if you can give me some advice about whether (CRM) on New York is a stock to buy?

Article Excerpt

A: Inc., $81.42, symbol CRM on New York (Shares outstanding: 677.5 million; Market cap: $55.0 billion, makes customer relationship management (CRM) software that helps businesses organize and share information about their sales, customer service and marketing activities. The company first sold shares to the public at $2.75 a share (adjusted) in June 2004. Salesforce sells its software over the Internet as a cloud-based subscription service. This lets its clients securely store their data on remote servers. They can then access this information from a variety of devices, such as desktop computers, laptops and mobile devices. The company has over 100,000 clients in 70 countries. In 2015, the Americas accounted for 74% of its revenue, followed by Europe (17%) and Asia (9%). Salesforce’s main product is Sales Cloud. This program lets clients view and manage a wide variety of customer data, such as contact information, purchasing history and previous communications. Other products include Service Cloud, Marketing Cloud and Analytics Cloud. The company’s revenue…

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