The world's leading CRM platform provider
), a leading provider of enterprise cloud applications for human
resources and finance, recently announced the integration of
their product lines to better support businesses.
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The partnership will help Salesforce to standardize all its
solutions for Workday applications and vice versa. The
integration of Salesforce solutions with that of Workday Human
Capital Management (HCM), essential for analyzing performance and
trends in customer relationships, will maximize service delivered
Additionally, the assimilation of Salesforce Chatter into
Workday's product line will provide greater security to customers
and enable Chatter users to receive updates directly from
Moreover, Workday Financial Management users will be able to make
faster decisions on the basis of the financial and operational
performance data provided by Salesforce.
Salesforce reported revenues of $957.1 million in the second
quarter of 2013, up 30.8% 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 attrition
The higher number of deal wins were encouraging and so were the
geographical contributions. Overall, the company's diverse cloud
offerings and the stronger spending projection by Gartner are
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.
), continued weakness in Europe, currency headwinds and an
increase in investments could pose near-term challenges.
Currently Salesforce has a Zacks Rank #3 (Hold).