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Microsoft is readying a barrage of both on-premises and cloud-only CRM deliverables, rolling out in Q4 2014 and Q2 2015



From All About Microsoft:
Microsoft is readying both on-premises and a few cloud-only updates for Dynamics CRM as part of its next two waves of updates.

Information about what's coming appeared on September 4 on the Microsoft Dynamics CRM Community site via the "xRM & .Net Development" blog from a Microsoft partner, Marc Sallin.

Microsoft's Dynamics CRM team has been using constellation codenames and is sticking with that theme as it moves toward its 'fall' release wave.
  Microsofts Fall 2014 and Spring 2015 CRM line-up revealed