Salesforce to record $25 million in revenue
Software August 25th, 2001
not bad for an ASP "… privately held Salesforce has 2,800 companies that pay it to manage about 50,000 people worldwide, and it is on track to record some $25 million in revenue this year. "The quality of our revenue is special because it's an annuity, so we know within 1 [percent] to 2 percent what we'll have in revenue next month," he says. The company has cash on hand to take it to breakeven early next year, Benioff says. "Our gross margins are on the order of 70 percent, and we could break even sooner, but we are investing in R&D, marketing, branding and increasing our enterprise capability."
From: ZDNet: Interactive Week: CRM As A Service Comes Of Age
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