...they expect a certain amount of new business in Europe by 2018? There are plenty of competitors, including WDAY, as well as more mature companies? There's no mention of earnings before then? The stock price may have gone up yesterday and the day in anticipation of this typical type of CRM announcement, even though more than nirvana is already priced into the stock price. As usual, it appears to be "all hat and no cattle."
IMHO, these are announcements to sell into, not buy into. First came the pumps, now comes the announcement that talks about the future expenditures in Europe, the possibility of business by 2018, and NO mention of ever having GAAP earnings. Even non-GAAP earnings aren't there. They've had increasing losses. Cash flow has come from giving stock (equity awards, they call it) to insiders who then sell to the public at market prices. Even the CFO has collected a lot of money from longs when selling "equity awards" and receiving market prices.
Those who read the announcements carefully will sell or short ASAP. Remember that the last time Cramer commented positively about CRM, the stock topped out and fell from 87 (pre-split).