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 Channel Futures

Cloud


Software as a Service Stocks Fall 11.86% for Week Ended Nov. 21

  • Written by Joe Panettieri 1
  • November 22, 2008
Software as a service (SaaS) stocks remain on a losing streak. MSPmentor's SaaS 20 stock index fell 11.86 percent for the week ended November 21. The index has fallen more than 55 percent since January 2008 -- proving that SaaS companies are not immune to the economic turmoil around us.

Among this week's developments: Mixed news from Salesforce.com but good news from Dell on the SaaS front. Here are the details.


Salesforce.com: Nearing A Bottom?

Software as a service (SaaS) stocks remain on a losing streak. MSPmentor’s SaaS 20 stock index fell 11.86 percent for the week ended November 21. The index has fallen more than 55 percent since January 2008 — proving that SaaS companies are not immune to the economic turmoil around us.

Among this week’s developments: Mixed news from Salesforce.com but good news from Dell on the SaaS front. Here are the details.

Salesforce.com: Nearing A Bottom?

Salesforce.com’s shares declined Nov. 21 “after the Web-based software provider’s fiscal fourth-quarter outlook essentially met Wall Street expectations, but some analysts expressed concerns about a drop in its third-quarter cash flow and increasing competition” according to the Associated Press.

Here’s a look at Salesforce.com’s (Symbol: CRM) stock performance:

View the full CRM chart at Wikinvest

Dell Does SaaS

Meanwhile, Wall Street was pleased to see Dell cutting costs but MSPmentor’s sister site — TheVARguy.com — stumbled onto a bigger Dell SaaS story. The PC giant is part of a massive IT outsourcing deal involving the State of Georgia. Sources say Dell Managed Services and SaaS offerings will play a central role in managing the state’s IT infrastructure.

There are indicates Dell may generate more than $20 million in revenue from the State of Georgia SaaS/Managed Services deal.

Here’s a look at Dell’s stock performance:

View the full DELL chart at Wikinvest

I remain convinced that more and more businesses will embrace SaaS and managed services. But the transition to those technologies will require multiple years, and there will be bumps along the way — including the bruising economy we’re all facing right now.

MSPmentor is updated multiple times daily. Don’t miss a single post. Subscribe to our Enewsletter, RSS and Twitter feeds.

Tags: Agents Cloud Service Providers MSPs VARs/SIs Cloud

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3 comments

  1. Avatar Dan D. Gutierrez November 25, 2008 @ 7:00 pm
    Reply

    By Dan D. Gutierrez
    CEO of HostedDatabase.com

    SaaS firms may not be immune to the economic tailspin, however, the on-demand software business model is sound as customers often choose cloud computing over on-premise software in order to cut IT costs.

  2. Avatar Joe Panettieri November 25, 2008 @ 7:02 pm
    Reply

    Dan: I agree with you 110 percent. But all SaaS companies are not created equal. I would like to learn more about HostedDatabase.com and will give the site a look.
    -jp

    Joe Panettieri
    Editorial Director
    MSPmentor

  3. Avatar George December 1, 2008 @ 11:14 am
    Reply

    There are a lot of sales analytics and sales metrics tools available, which is mainly centered on Saas Business intelligence. The above news is a good indication and can hope that the business analytics tools are going in the right direction.

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