10-KPeriod: FY2009

Salesforce, Inc. Annual Report, Year Ended Jan 31, 2009

Filed March 9, 2009For Securities:CRM

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
Beta

Revenue

$1.08B

79.5% Gross Margin

Net Income

$43.43M

4.0% Net Margin

EPS (Diluted)

$0.09

Total Assets

$1.48B

Cash & Equivalents

$483.83M

Free Cash Flow

$168.50M

Financial Statements
Beta
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.

Frequently Asked Questions

Salesforce reported total revenues of $1.077 billion for the fiscal year ended January 31, 2009, representing a 44% increase compared to the prior fiscal year.

The company's customer base expanded significantly, reaching approximately 55,400 customers worldwide as of January 31, 2009, up from about 41,000 customers in the previous year.

Salesforce demonstrated strong financial health, ending the fiscal year with $882.6 million in cash, cash equivalents, and marketable securities. Operating activities generated $229.6 million in cash, indicating solid liquidity.

The company is heavily investing in marketing and sales, which accounted for 50% of revenue, and research and development, accounting for 9% of revenue. These investments are aimed at expanding its customer base, enhancing its service offerings, and driving future growth.