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He is better off making sure that his company is not facing the end soon. For a company that is in business for almost a decade, they are yet to turn a profit.
by barista 14y ago
He is better off making sure that his company is not facing the end soon. For a company that is in business for almost a decade, they are yet to turn a profit.
- absconditus 14y agoThey are clearly following the Amazon model and pursuing growth rather than profitability: http://ycharts.com/companies/CRM/revenues http://ycharts.com/companies/CRM/revenues
- kingnothing 14y agoExactly. The sheer number of employees CRM is hiring, month after month, is staggering.
- kingnothing 14y agoWhy the down votes? They've nearly doubled the employee count in a couple of years, which is quite impressive at that scale.
- barista 14y agoThe chart you posted was about revenues not profits. Same argument applies to Amazon also but they are at least making some profit. The strategy of pursuing revenue and growth only makes sense for so long. At some point you have to cash that user base and make money.
- absconditus 14y agoThe chart is about revenue because, as I stated, they are clearly not pursuing profit. I suggest viewing a 10-year graph of their share price to see what investors think of this strategy.
- brianchu 14y agoSalesforce turned a profit in 2010 and 2011 (http://finance.yahoo.com/q/is?s=CRM+Income+Statement&annual http://finance.yahoo.com/q/is?s=CRM+Income+Statement&ann...). They were profitable as early as 2005 (http://www.salesforce.com/company/investor/quarterly-results/ http://www.salesforce.com/company/investor/quarterly-results...). I don't know what income statements you were looking at (just because they lost money in 2012 does not make them an unprofitable company).