Friday, 7 March 2008

Salesforce.com Reports Q4 Financials

Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) provider Salesforce.com today reported its results for its fiscal fourth year that ended January 31, 2008.

The organisation reported its total fourth quarter earning at 216.0 million, which is a 50% increase when compared to the year before.

"Our fourth quarter and full-year results show that businesses are selecting the Force.com
Platform-as-a-Service and cloud computing over failed client-server alternatives," said Marc
Benioff, chairman and CEO, salesforce.com.

"There's only one way to describe both the consolidation of the industry and the growing number of companies choosing innovation, not infrastructure: The End of Software."

The organisation forecasts this strong momentum to continue, it projects its first fiscal quarter to be in the range of approximately 233 million to approximately 235 million.