Is 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

Is 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.