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A report from Goldman Sachs reiterates its Buy rating and $150 price target on salesforce.com
CRM.
The report states, “salesforce.com reported F3Q12 results after the close with both revenue and non-GAAP EPS well ahead of consensus. While cash flow of $129 mn also handily beat the Street at $106 mn, deferred revenue growth came in down 2% qoq versus the Street at +1.5%. As a result, bookings came in at +29% yoy compared to consensus of 32% and expectations of 35%–36%.”
CRM closed yesterday at $126.09.
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