Summary
Salesforce.com, Inc. (CRM) filed its annual report for the fiscal year ended January 31, 2009, on March 9, 2009. The company reported total revenues of $1.077 billion, representing a 44% increase year-over-year, demonstrating strong growth despite challenging economic conditions. Subscription and support revenue, comprising 91% of total revenue, grew significantly due to an expanding customer base and increased subscriptions from existing customers. Despite a 44% increase in revenue, the company's operating income was $63.7 million, reflecting substantial investments in sales and marketing (50% of revenue) and research and development (9% of revenue). Stock-based compensation was a significant expense, totaling $77.4 million. The company maintained a strong balance sheet with $882.6 million in cash, cash equivalents, and marketable securities, and generated $229.6 million in cash from operating activities, highlighting its financial stability.
Financial Highlights
53 data points| Revenue | $1.08B |
| Cost of Revenue | $220.47M |
| Gross Profit | $856.30M |
| R&D Expenses | $99.53M |
| Operating Expenses | $792.56M |
| Operating Income | $63.74M |
| Interest Expense | $107K |
| Net Income | $43.43M |
| EPS (Basic) | $0.09 |
| EPS (Diluted) | $0.09 |
| Shares Outstanding (Basic) | 484.73M |
| Shares Outstanding (Diluted) | 500.91M |
Key Highlights
- 1Total revenues reached $1.077 billion, a 44% increase from the previous fiscal year, indicating robust growth.
- 2Subscription and support revenue constituted 91% of total revenues, demonstrating the core strength of the company's SaaS model.
- 3The customer base expanded to approximately 55,400 worldwide, a significant increase from 41,000 in the prior year.
- 4Operating income was $63.7 million, with significant investments made in marketing and sales (50% of revenue) and R&D (9% of revenue) to fuel future growth.
- 5The company maintained a healthy cash position, with $882.6 million in cash, cash equivalents, and marketable securities.
- 6Cash flow from operations was strong at $229.6 million, underscoring the company's ability to generate cash from its core business.