Salesforce still enjoying hyper-growth

Salesforce.com looks on track to fulfil chief executive Marc Benioff’s ambition to create a $1bn company, after reporting a 50 per cent year-on-year rise in sales for the fourth quarter.

The on-demand pioneer notched up $216.9m in revenues on the back of what Benioff called “the most incredible quarter … in our history”. That closing period helped Salesforce to reach $748.7m for the full year and saw the company predict that its next fiscal year will pass the totemic $1bn mark.

Benioff has made no secret of the fact that crashing through that barrier would be an important mark of acceptance. It could also help Salesforce fend off competitors in the on-demand sector such as SAP, NetSuite and others.

Today, NetSuite unveiled NS-BOS (a pun on MS-DOS), its free “software-as-a-service business operating system”. NS-BOS brings together the SuiteFlex toolkit and new D-Bug diagnostics with SuiteBundler, a means of delivering optimisations, customisations and vertical solutions to the core NetSuite business applications platform.

Salesforce.com earlier this week updated its own Force.com developer platform with support for Adobe AIR and Flex for creating rich internet applications.

See also:

CRM opportunities likely to continue

Gartner says that investment in customer relationship management tools is likely to increase  14 Feb 2008

Salesforce makes content management move

Spring '08 release provides tools for controlling unstructured data  11 Feb 2008

Microsoft rivals Salesforce with new CRM

Bill Gates plans London visit during his farewell tour  22 Jan 2008

NetSuite IPO adds to SaaS appeal

Vendor could take customers from SAP and Salesforce, according to experts  11 Dec 2007

Salesforce plans Facebook-style business links

Salesforce is launching a new service aimed at letting firms network better  04 Dec 2007

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