Microsoft share price: Salesforce apps to come to Windows Phone and Office next year
iNVEZZ.com, Tuesday, October 14: Microsoft Corp (NASDAQ:MSFT), the world’s largest software company, and cloud computing giant Salesforce.com Inc (NYSE:CRM) yesterday shed more light on their new collaboration announced earlier this year ( ).
At the Dreamforce conference, which kicked off yesterday in San Francisco, the companies announced that a Salesforce1 app for Windows Phone would be released in the second half of 2015. The companies also promised integration of the Salesforce suite with Microsoft Office and One Drive next year.
In yesterday’s trading, Microsoft shares closed 0.9 percent lower at $43.65, amid another widespread decline in US tech stocks. The company’s stock has risen 16.7 percent since the start of the year.
The announcement in May of a partnership between Microsoft and Salesforce came as a surprise, given that the relationship between the two companies had been less than friendly in the past. It also provided further evidence that the Redmond-based software giant is undergoing a significant change under its new chief executive officer Satya Nadella, who has already demonstrated a willingness to abandon Microsoft’s traditional Windows-centric strategy in favour of a more open approach. Salesforce’s CEO Marc Benioff said at the time that he was thrilled to be partnering with Nadella. Yesterday, Benioff also highlighted Nadella’s role for the new partnership.
“We’ve seen a very dramatic shift at Microsoft in a short period of time,” he observed and praised Microsoft’s CEO for coming into the new role with “a beginner’s mind”.
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The partnership is poised to start bearing fruit in the first half of next year, when Salesforce will integrate its CRM products into Office, SharePoint, and OneDrive for Business on Android and iOS. A Salesforce application for Outlook is also planned to launch in the first half.
In the latter half of the year the companies plan to deliver a Salesforce1 app for Windows Phone and a Salesforce app for Excel.
**Analysts on Microsoft**
According to the Financial Times, the 29 analysts offering 12 month price targets for Microsoft have a median target of $50.00, with a high estimate of $56.00 and a low estimate of $34.00. As of Oct 13, 2014, the consensus forecast amongst 51 polled investment analysts covering Microsoft has it that the company will outperform the market. The same consensus estimate has been maintained since the sentiment of investment analysts improved on September 15, the FT notes.
**As of yesterday’s US close buy Microsoft shares at $43.65**
**As of yesterday’s US close sell Microsoft shares at $43.65**