CRM Revenue Could "Conceivably Double" Over Next Three Years, Morgan Stanley Reports

Checks indicate continued strong demand for core Salesforce.com CRM, “with newer products creating strong upsell opportunities (Service, Chatter, Force.com),” Morgan Stanley reports. “We model YoY billings growth of 32% in Q1 and 26% in FY11, which is likely low if current trends continue,” Morgan Stanley writes. “CRM rev. could conceivably double over the next three years if they execute.” Salesforce.com closed Monday at $136.19.