Salesforce.com Needs Bigger Cloud Computing Presence

Cloud computing presents a long-term opportunity for Salesforce (NYSE: CRM) as IT departments leverage cloud-based software instead of investing in additional hardware and on-premise software. According to this report on Forbes, Salesforce.com’s main business is to sell cloud-based CRM software, but overall the company needs a bigger piece of the cloud computing pie to justify a $140 price tag.