Salesforce.com is arguably the poster boy for software as a service.
The cloud-based customer relationship management offering is the first that comes to mind when SaaS is mentioned, and with good reason: It had sales last year of just over US$4 billion for the fiscal year that ended Jan. 31, 2014, up 33 per cent over the same period a year ago.
Chairman and CEO Marc Benioff expects this fiscal year revenues will hit $5.3 billion.
It is in the nature of cloud services to have losses while chalking up impressive revenues — Amazon comes to mind. As long as revenues are strong, analysts told me in the early years of that company, then profit would not be far behind.
So it was for Amazon. So it may be for Salesforce.
Related Download
Sponsor: CenturyLink
Bringing flexibility to banking IT
Just as in other industries, banks are looking to new capabilities that will enable speed, agility, and reliability. Enter hybrid IT, a fresh approach that enables banks to utilize on-premise, private cloud and public cloud assets in a flexible manner, customizing infrastructure and solutions to meet specific data, security and regulatory, scalability, and capacity needs.
Register Now
