NEW YORK (TheStreet) -- Shares of salesforce.com., inc. (CRM) are up 2.02% to $54.42 after it was reported that Microsoft (MSFT) and the company are planning to announce an agreement as soon as today that will enable customers of Microsoft's cloud-computing service to use Salesforce's enterprise software, sources told Bloomberg.
The partnership will make Salesforce's customer-management programs available on Microsoft's Azure service, the sources added.
Salesforce will also commit to using Azure to host some of its own applications and will integrate data from Salesforce products into Microsoft's Office programs, the sources said.
TheStreet Ratings team rates SALESFORCE.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SALESFORCE.COM INC (CRM) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows: