Salesforce Has Something to Be Thankful For

SAN FRANCISCO -- Although Salesforce.com(CRM Quote) is feeling the economy's pinch, it should weather recessionary trends better than most tech companies.

The San Francisco-based developer of subscription software will report third-quarter results Nov. 20. Analysts expect year-over-year revenue growth of 42% to $273.6 million and earnings of 7 cents a share -- two pennies better than the same quarter of 2007, when revenue growth was 48%.

For the fiscal year, analysts project a top line of $1.1 billion and EPS of 30 cents, according to Thomson Reuters.

IDC cut its 2009 worldwide IT growth forecast Wednesday by more than half, to 2.6%, and its U.S. projection to 0.9%, from a prior forecast of 4.2%. ...