Summary
This Form 8-K filing from Salesforce.com, Inc. (CRM) on November 16, 2005, primarily serves to report its financial results for the quarter ended October 31, 2005, as detailed in an accompanying press release (Exhibit 99.1). Key for investors is the company's presentation of both GAAP and non-GAAP financial measures. The non-GAAP figures exclude certain one-time items: a $285,000 non-cash income related to a lease abandonment accrual reversal and $6,769,000 in income from the reversal of a deferred tax valuation allowance. Management provides these non-GAAP measures to offer a clearer view of the company's operational performance and underlying trends.
Key Highlights
- 1Salesforce.com announced its financial results for the quarter ended October 31, 2005, via press release.
- 2The filing includes both GAAP and non-GAAP financial results.
- 3Non-GAAP net income and earnings per diluted share are provided as supplementary measures.
- 4A one-time, non-cash income of $285,000 from a lease abandonment accrual reversal is excluded from non-GAAP results.
- 5Income of $6,769,000 from the reversal of a deferred tax valuation allowance is also excluded from non-GAAP results.
- 6Management uses non-GAAP measures to provide a better understanding of underlying operational results and trends.
- 7The information presented is not considered 'filed' for Section 18 purposes and does not automatically incorporate by reference into other filings.