Enterprise Software

Salesforce.com predicts $1 billion sales in 2008

Salesforce.com CEO Marc Benioff boldly predicts that the company will hit the mark of $1 billion annual revenues within a year, or by 2008.
Salesforce.com CEO Marc Benioff boldly predicts that the company will hit the mark of $1 billion annual revenues within a year, or by 2008.

According to InformationWeek:

Salesforce.com announced net income for its third fiscal 2008 quarter of $6.51 million, up from $339,000 from last year's third quarter. Revenue for the quarter was up 48% to $193 million.
"At this rate, we expect to push well past the $800 million revenue run rate in Q4, and we are now on track to become the first ever on-demand company to exceed $1 billion in annual revenue in our fiscal '09," said Benioff in a prepared statement.

Salesforce.com has reportedly added 2,800 paying customers in the third quarter of 2007 alone, making up a total of 38,100 customers. This increase is up 41% from last year's third quarter and 8% from this year's second quarter.

Do you reckon that Salesforce.com will be eyed for acquisition by some of the big players such as Oracle, SAP, or IBM?

About

Paul Mah is a writer and blogger who lives in Singapore, where he has worked for a number of years in various capacities within the IT industry. Paul enjoys tinkering with tech gadgets, smartphones, and networking devices.

1 comments
paulmah
paulmah

Do you reckon that Salesforce.com will be eyed for acquisition by some of the big players such as Oracle, SAP or IBM?

Editor's Picks