Morningstar Runs the Numbers
We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended June 1.
Inspired by Harper's Index (with a tip of the hat to FiveThirtyEight's Significant Digits blog), Morningstar Runs the Numbers uses a numbers-based approach to highlight recent Morningstar research, along with some outside news stories.
Salesforce.com's (CRM) first-quarter revenue rose 25% versus the prior-year period to $3.01 billion. The better than expected results reflected strong multiproduct deal flow in the quarter, said senior analyst Rodney Nelson. Salesforce continues to see strength across each of its major cloud properties, and Nelson was encouraged to see continued stability in sales cloud growth rates, as these deals typically lead to incremental application consumption as the customer relationship matures. Nelson is maintaining Salesforce's wide moat and positive moat trend ratings.
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