Barclays: Salesforce is facing a 'new competitive reality' in M&A and Microsoft has an important edge (CRM, MSFT)

Wall Street has high expectations for Salesforce's financial performance, but the company has an important weak spot. 
Salesforce's low margins and free cash flow will become increasingly detrimental as the company competes in the M&A arena with deep-pocketed rivals, Barclays says.
Salesforce lost its bid for LinkedIn to Microsoft in 2016 because it wasn't able to do an all-cash deal.If Salesforce wants to stay in Wall Street's good graces for the long term, management is going to have