Salesforce.com becomes 'first $1bn cloud computing firm'
- Author:
- Antony Savvas
- Posted:
- 11:56 26 Feb 2009
- Topics:
- Cloud Computing | Customer Management
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.
