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Salesforce is a better example of this,that kept going in negative,while at the same time buying companies left and right.I think it took them good 15 years bef
by cosmodisk 7y ago
Salesforce is a better example of this,that kept going in negative,while at the same time buying companies left and right.I think it took them good 15 years before they showed profit. However,this is a deliberate and I'd say quite smart business decision.
- kgwgk 7y agoIs it? Salesforce reported annual profits starting in 2004, the year of the IPO (it was founded in 1999). Accumulated earnings were already positive in 2008. It had a good run of GAAP profitability (2004-2011) before losing much more than it had earned before in 2012-2016.