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TMCNet:  salesforce.com has the Highest Forward P/E Ratio in the Application Software Industry (CRM, ULTI, ININ, QLIK, AZPN)

[January 15, 2013]

salesforce.com has the Highest Forward P/E Ratio in the Application Software Industry (CRM, ULTI, ININ, QLIK, AZPN)

Jan 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Application Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.salesforce.com ranks highest with a a forward P/E ratio of 89.19. Following is Ultimate Software with a a forward P/E ratio of 72.40. Interactive Intelligence ranks third highest with a a forward P/E ratio of 70.16.


QLIK Technologies follows with a a forward P/E ratio of 57.63, and Aspen Technology rounds out the top five with a a forward P/E ratio of 54.89.

SmarTrend recommended that subscribers consider buying shares of Aspen Technology on May 2nd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $21.83. Since that recommendation, shares of Aspen Technology have risen 29.7%. We continue to monitor Aspen Technology for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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