Warning: reset() expects parameter 1 to be array, null given in /home/designdi/public_html/funs.php on line 77

Warning: Variable passed to each() is not an array or object in /home/designdi/public_html/funs.php on line 77

Warning: reset() expects parameter 1 to be array, null given in /home/designdi/public_html/funs.php on line 78

Warning: Variable passed to each() is not an array or object in /home/designdi/public_html/funs.php on line 78

Warning: reset() expects parameter 1 to be array, null given in /home/designdi/public_html/funs.php on line 79

Warning: Variable passed to each() is not an array or object in /home/designdi/public_html/funs.php on line 79
WebSite, Design and Web Hosting News - Salesforce.com Earnings Evidence Of A New CRM Power
Web Design Directory

  w   w   w   .   d   e   s   i   g   n   d   i   r   .   n   e   t
An industry leading web design, hosting and development directory. We bring together the best web designers and their customers. Find the lates website business news and updates.
Search DesingnDIR
Advertising | Submit Site »
   » Home Page / Industry News  
  Find Services Provider       Technology Stories        WebSite Services   
Salesforce.com Earnings Evidence Of A New CRM Power

2005-08-18 10:12:00

The balance of power in the customer-relationship-management market continues to shift, with Salesforce.com Inc. posting another record quarter Wednesday, three weeks after rival Siebel Systems Inc. fell victim to its second consecutive dismal earnings report.

Software-as-a-service pioneer Salesforce broke the $70 million quarterly revenue mark for the first time, pocketed its highest-ever quarterly profit, and pushed its subscriber tally to more than 300,000, building substantial momentum as it heads into its annual DreamForce user conference next month in San Francisco.

For the second fiscal quarter ended July 31, Saleforce reported a profit of $5.0 million, or 5 cents a share, on revenue of $71.9 million, compared with a profit of $1.2 million, or 2 cents a share, on revenue of $40.6 million for the same period last year. And the company isn't expecting its growth to slow. For the current quarter, it's expecting revenue in the range of $78 million to $80 million, an increase of 70% to 78% from a year earlier. Revenue for fiscal 2006 is expected to fall between $298 million and $303 million, an increase of more than 70% over fiscal 2005.

But the numbers don't tell the whole story. During a conference call with analysts, CEO Marc Benioff provided evidence of fast-growing interest in on-demand CRM among large companies, citing deployments during the last quarter at companies such as Merrill Lynch and Citizen's Bank, as well as an expansion of Corporate Express' deployment to 3,000 subscribers.

It all adds up to a study in contrasts. Salesforce appears to be evolving into a legitimate alternative for big corporations even as Siebel's licensing revenue bottoms out, and it's adding as many on-demand subscribers each quarter as Siebel claims in total. "They've come up with just about every tool and trick they can think of to get some of those subscribers on their side," Benioff said during the call without mentioning Siebel by name. Salesforce CFO Steve Cakebread also gave a rare glimpse into the company's retention rates, reporting that fewer than 1% of its subscribers opt out of the service each month.

Meanwhile, Salesforce continues to branch out from its CRM roots as it attempts to push the idea of an on-demand application and information-management platform. Benioff promised significant strategic announcements at DreamForce, and he said the company is making substantial investments in its data centers as it prepares to offer customers ever-larger assortments of online applications and development tools. He also indicated that the company anticipates having to eventually add data centers in Europe and Asia to accommodate anticipated growth in those markets.

Apache Launches Open Source Software-Integration Project
The Apache Software Foundation on Monday launched an open-source project to develop application-integration middleware, a move that could lead to a viable alternative to vendor-supplied products used in service-oriented architectures.
New Oracle Collab Suite Takes Aim At SharePoint
Oracle on Monday shipped its long-promised collaboration suite update. The company also outlined new positioning for the suite, which it said will take on Microsoft Sharepoint directly. Traditionally, OCS has been compared to Microsoft Exchange Server and IBM e-mail offerings.
Amazon.com Offers Book Lovers 'Digital Shorts'
Online retailer Amazon.com is offering short-form literature in digital format from new and established authors.
Study Sheds Light on College Student Online Behaviors
Ninety-one percent of college students living on-campus are online everyday, but few said they would go to a store after being exposed to email ads and pop-ups, according to the latest installment of StudentWatch.
Amazon.com Partners With Photo-Services Provider Shutterfly
Amazon.com on Monday said it has agreed to market and provide on its website online proto services from Shutterfly Inc.
IPTV Will Grow 1000% By 2010: Report
The number of IPTV subscribers will jump tenfold by 2010, according to a new report published by Informa Telecoms & Media.
Bill Gates Tops Poll Of IT's Most Influential
Microsoft co-founder Bill Gates has another trophy to place on his mantelpiece. Gates, who turns 50 in October, was voted the person who has "had the greatest impact on business computing in the past half century" in a poll of IT specialists. The poll was conducted by the IBM Share user group celebrating its 50th anniversary this week in Boston.
Eight Out Of 10 Enterprise PCs Spyware Infected
Even as spyware has become a dirty word and users have been bombarded with stories about its pervasive, pernicious nature, criminals have dramatically expanded their distribution channels and infected an overwhelming majority of enterprise PCs, anti-spyware vendor Webroot said Tuesday as it rolled out its latest stats.
U.S. Broadband Policy Exists -- And Works, Claims NTIA's Gallagher
Administrationís top telecom bureaucrat disputes claims that the U.S. lacks vision and action on expanding broadband services.
EBay, Fandango Strike Marketing Agreement
Online auctioneer EBay Inc. and movie-ticket service Fandango on Tuesday said they have signed a marketing agreement that gives EBay users direct links to advanced ticket sales.


   
» Web Hosting Interviews
Web Hosting interviews, news and reviews. Compare the Best web hosting providers.
» Daw - Web Hosting Blog
Views and Comments about Hosting Industry. News, Trends, Products and Sevices.
» Your WebSite Here
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371


» Submit your site to Web Design Directory

About Us | Advertising | Privacy | Terms Of Use | Contact Us

© DesignDIR.net 2003 - 2017, part of of Business Address Network. All Rights Reserved!