Salesforce.com to fall short of half-billion target
17th Nov 2006, 05:31 GMT
Despite a strong set of results, there must have been some disappointment at Salesforce.com that it doesnt expect to close out the financial year as a half-billion-dollar company. Although it trumpeted its latest quarterly results as marking the first time a software-as-a-service company has achieved a $500 million annual revenue run-rate (multiply the quarterly sales of $130 million by four and you easily blow through to an annualized $520 million), it also confirmed its revenue guidance for the fiscal year to 31st January 2007 at $493-$495 million — just $5 million, or one percent, below the magic half-billion threshold. If salesforce.com were a conventional software company, putting on that crucial extra $5 million wouldnt be a tall order.The laws ...
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