3 ms·
They are clearly following the Amazon model and pursuing growth rather than profitability: http://ycharts.com/companies/CRM/revenues http://ycharts.com/compani
by absconditus 14y ago
They 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.