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 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.