Friday, 23 November 2007

Salesforce.com Reports Q3 Results

Salesforce.com released its third fiscal quarter financials this week reporting its total revenue at 192.8 million dollars, a 48 percent growth from the year ago quarter.

“That’s more revenue in 9-months this fiscal year, than we achieved all of last year,” said Marc Benioff, CEO and Chairman.

“At this rate, we expect to push well past the million revenue run rate in Q4, and we are now on track to become the first ever on-demand company to exceed billion in annual revenue in our fiscal ’09. Our on-demand industry leadership has never been more clear.”

The on-demand business services provider projects its revenue for r the company’s fourth fiscal quarter to be in the range of approximately 206 million dollars to 208 million dollars and expects full year revenue of approximately .0 billion to approximately .02 billion.