01—Abstract
Summary
Summary of the 8-K/A filed September 1, 2016. Cited figures are marked; the original filing is the authoritative source.
This 8-K/A filing from Salesforce, Inc. (CRM) on September 1, 2016, primarily serves to officially file the financial statements and related exhibits for Demandware, Inc., following Salesforce's acquisition of the company.
Investors can find crucial details about Demandware's financial health, including unaudited and audited financial statements as of and for periods ending in 2014, 2015, and mid-2016. This includes financial statements for the three and six months ended June 30, 2016 and 2015, as well as audited statements for the years ended December 31, 2015 and 2014.
Furthermore, the filing includes unaudited pro forma combined financial information, offering a look at how Salesforce and Demandware would have appeared financially if combined for the fiscal year ended January 31, 2016, and the six months ended July 31, 2016. This is essential for investors to understand the potential scale and financial impact of the Demandware acquisition on Salesforce's overall financial picture and future performance.
02—Key points
Key Highlights
- Official filing of Demandware, Inc.'s financial statements as part of Salesforce's acquisition.
- Includes unaudited condensed consolidated financial statements for Demandware as of June 30, 2016, and for periods ending June 30, 2016 and 2015.
- Provides audited consolidated financial statements for Demandware for the years ended December 31, 2015 and 2014.
- Contains unaudited pro forma combined financial information for Salesforce and Demandware for the fiscal year ended January 31, 2016.
- Includes pro forma financial data for the six months ended July 31, 2016, post-acquisition context.
- Consent of Demandware's independent auditor, Deloitte & Touche LLP, is included.
- Filing provides necessary documentation for investors to assess the financial impact of the Demandware acquisition.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K/A filing?
The main purpose of this filing is to provide the required financial statements of the acquired company, Demandware, Inc., and pro forma combined financial information to investors following Salesforce's acquisition of Demandware.
What historical financial data for Demandware is included?
The filing includes unaudited condensed consolidated financial statements for Demandware as of June 30, 2016, and for the three and six months ended June 30, 2016 and 2015. It also includes audited consolidated financial statements for the years ended December 31, 2015 and 2014.
What does the pro forma financial information represent?
The unaudited pro forma combined financial information shows how Salesforce and Demandware would have appeared financially if they were combined entities for the year ended January 31, 2016, and the six months ended July 31, 2016. This helps investors understand the combined entity's financial scale and potential.
Where can I find the detailed financial statements?
The detailed financial statements for Demandware and the pro forma combined financial information are incorporated by reference as Exhibits 99.1, 99.2, and 99.3 to this Current Report on Form 8-K/A.
04—Continue