Is Salesforce Ready to Take On the Industry Leaders?
Marc Benioff, CEO and chairman of Salesforce.com (NYSE:CRM), can’t seem to resist an opportunity to boast.
“Salesforce.com continues to be the fastest growing top ten enterprise software company in the world,” he commented in the company’s fiscal-20213 fourth-quarter and full-year results. “Salesforce.com had a spectacular finish to its fiscal year.”
What makes a boast compelling is how much truth is behind it, and Benioff definitely has some strong numbers to back up his claim. What’s more, while perhaps lacking the same enthusiasm, investors seem to agree that the company’s results, reported after markets closed on Thursday, indicate continued strength at one of the world’s most innovative company. Shares climbed as much as 7.1 percent on Friday morning.
Here’s a quick breakdown of how Salesforce did:
|4Q FY 2012||4Q 2013||FY 2012||FY 2013||Q1 FY 2014*||FY 2014*|
|Revenue||$632 million||$835 million||$2.267 billion||$3.05 billion||$882 – $887 million||$3.82 – $3.87 billion|
|Non-GAAP Diluted EPS ($)||-$0.03||$0.51||-$0.09||$1.63||$0.40 – $0.42||$1.93 – $1.97|