Morgan Stanley Comments On SuccessFactors' Success Connect Conference

According to Morgan Stanley, SuccessFactors SFSF held its Success Connect user conference. Morgan Stanley said that it attended SFSF's Success Connect user conference and analyst event and came away believing that demand trends remain favorable, interest in suite solutions is building, and SFSF is well positioned to benefit. “SFSF is adding sales capacity to capitalize on this emerging opportunity, and we expect these investments to contribute to strong sustained growth in both CY11 and CY12. We continue to believe that billings growth should re-accelerate in Q211, and remain buyers of the stock following the recent pullback.” SuccessFactors closed yesterday at $32.94.