Leading cloud computing service provider Salesforce.com is scheduled to report its fiscal 2016 fourth quarter results on February 24th.   (Fiscal years end with January) Following the lackluster results of tangentially competing companies Tableau and Qlik, expectations for Salesforce to continue its trailblazing growth are high. Tableau and Qlik’s poor results dragged down Salesforce’s shares by 20% earlier this month to $54.05. They have since recovered to $62.14, but still remain 25% below the 52-week high of $82.90. Salesforce’s performance in the fourth quarter could be crucial in determining the direction of the cloud computing sector – whether the sector is indeed headed for a slowdown or if it is a matter of the competitors’ individual performance.

from Forbes – Tech http://ift.tt/1L6tQ0w
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