Salesforce.com has posted a big increase in sales for the year,
becoming the "first billion-dollar cloud computing company",
according to CEO Marc Benioff.
For the year ended 31 January, the software-as-a-service (SaaS)
firm
reported sales of $1.077bn - an increase of 44% on the previous
year.
GAAP diluted earnings per share rose 130% year-on-year to
$0.35.
Bottom line net profits increased from $18m to $43m - despite a
good jump, not a massive return from overall sales of over
$1bn.
Despite the hype around cloud computing, Salesforce.com has also
downgraded its sales forecasts for the coming year.