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.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
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.